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China: Operation of the National Real Estate Market From January to October 2010
added: 2010-11-14

From January to October, the total investment in real estate development was 3,807 billion yuan, up by 36.5% year-on-year. Of which, investment in commercial residential buildings reached 2,668.3 billion yuan, 33.8% of increase year-on-year, which occupied 70.1% of the investment in real estate development.

I. The completion of real estate development

From January to October, the total investment in real estate development was 3,807 billion yuan, up by 36.5% year-on-year. Of which, investment in commercial residential buildings reached 2,668.3 billion yuan, 33.8% of increase year-on-year, which occupied 70.1% of the investment in real estate development. In October, the completion of investment in real estate development totaled 455.8 billion yuan, increased 37%, year-on-year.

In the past ten months, the floor spaces under construction of real estate development enterprises in the whole country stood at 3,698 million square meters, a year-on-year increase of 28.3%; the new started floor spaces of housing stood at 1318 million square meters, up by 61.9%, year-on-year; the floor spaces completed reached 420 million square meters, climbing up 11.4% year-on-year. Of which, the floor spaces completed of residential buildings hit 340 million square meters, went up 9.0% year-on-year.

In the past ten months, land areas purchased was 328 million square meters, up by 36.2%, the value of land purchased amounted to 800.6 billion yuan, increased 79.2%.

In October, the new started floor spaces of housing was 123 million square meters, up by 51.1%; the floor spaces completed reached 50.91 million square meters, raised 19.2%, year-on-year. Of which, the floor spaces completed of residential buildings reached 40.91 million square meters, up by 16.1%; the land areas purchased was amounted to 36.95 million square meters this month, an increase of 41.0%; the value of land purchased amounted to 89.6 billion yuan, increased 50.2%.

II. Sales of commercial buildings

From January to October, the floor spaces of commercial buildings sold accounted for 724 million square meters, surging up 9.1%, year-on-year, and promoted 0.9 percentage points comparing with January to September. Of the total, the floor spaces of residential buildings sold increased 6.8%; that of office buildings and buildings for commercials used went up 26.6% and 34.5%. In the past ten months, the total sales of commercial buildings amounted to 3,700 billion yuan, up by 17.3%,year-on-year, 1.4 percentage points of growth rate over January to September. Of which, the sales of commercial residential buildings surged 12.8%, that of office buildings and buildings for commercial use increased 52.3% and 47.1%, respectively.

In October, the floor spaces of commercial buildings sold accounted for 92.78 million square meters, increased 16.0%, year-on-year; 11.67 million square meters reduction, 11.2% of decrease over in September. The total volume of commercial buildings reached 507.6 billion yuan, up by 27.0%, year-on-year; which got a decrease of 42.3 billion yuan and a 7.7% off in absolute value.

III. The funds sources of real estate development enterprises

From January to October, the funds sources of real estate development enterprises reached 5,692.3 billion yuan, a year-on-year increase of 32.0%. Of the total, domestic loans amounted to 1044.3 billion yuan, up by 26.3%; that of utilization of foreign funds reached 53.9billion yuan, increased 43.3%; that of self-financing funds hit 2155.3 billion yuan, rose by 50.7%, that of other funds accounted for 2,438.7 billion yuan, rose by 21.0%. In view of the other funds, deposits and advantage payments totaled 1,395 billion yuan, ballooned 18.7%; and that of personal mortgage loans stood at 710.2 billion yuan, gained 15.2% of increase.

IV. Sales price indices of buildings in 70 medium-large sized cities

In October, sales price indices of buildings in 70 medium-large sized cities increased 8.6%, year-on-year, narrowed 0.5 percentage points over in September; the chain index gained a 0.2% of increase.

The sales price of newly constructed residential buildings in October increased 10.6%, year-on-year, fell 0.7 percentage points over last month; the chain index up by 0.3%, the sales price of commercial residential buildings up by 11.9%, of which, the sales price indices of ordinary, luxury commercial housings and economically affordable housings went up 11.0%, 14.8% and 0.9%, respectively. As compared month-on-month, the sales price indices of commercial residential buildings, ordinary and luxury commercial buildings increased 0.3%, 0.4%, 0.2% ,while economically affordable housings declined 0.1%.

In October, the sales price of second-handed residential buildings jumped 5.9%, year-on-year, narrowed 0.3 percentage points over the last month; the chain index rose by 0.1%, fell 0.4 percentage points over in September.

V. National Macro-Economic Climate Monitoring Index

In October, the national real estate climate index was 103.57, 0.05 points higher than the previous month, while 1.54 points higher than it was in the same period last year.

In terms of category index, the investment index of real estate development was 104.88, rose by 0.03 points from September, while it up by 4.39 points compared with the same month last year. The index of capital source was 106.51, 1.70 points of decrease from the pervious month, while a year-on-year decrease of 2.56 points. The index of land space development was 94.46, up by 0.36 points compared with the previous month, dropped 0.13 points from the same period last year. The index of floor space of commercial buildings for sale was 103.04, down by 0.52 points from last month, or up by 11.20 points from the same month last year. The index of floor space of buildings under construction was 108.67, 0.11 points higher from that was in September, a year-on-year increase of 7.96 points.


Source: National Bureau of Statistics of China

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