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China: Operation of the National Real Estate Market from January to April 2009
added: 2009-05-14

From January to April, the total investment in real estate development was 729.0 billion yuan, up by 4.9 percent year-on-year, and 0.8 percentage points over first three months, while that of a decrease of 27.2 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 511.4 billion yuan, 3.4 percent of increase year-on-year, picking up 0.2 percentage points over first three months, or 31.8 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

I. The completion of real estate development

From January to April, the total investment in real estate development was 729.0 billion yuan, up by 4.9 percent year-on-year, and 0.8 percentage points over first three months, while that of a decrease of 27.2 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 511.4 billion yuan, 3.4 percent of increase year-on-year, picking up 0.2 percentage points over first three months, or 31.8 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

From January to April, the floor spaces under construction of real estate development enterprises in the whole country stood at 2010 million square meters, a year-on-year increase of 12.4 percent, dropped 0.3 and 13.0 percentage points over first three months, and same period of previous year; the new started floor spaces of housing stood at 278 million square meters, declined 15.6 percent year-on-year, and 0.6 percentage points dropped over first three months; the floor spaces completed reached 132 million square meters, climbing up 27.1 percent year-on-year, or 0.8 percentage points ballooned over first three months. Of which, the floor spaces completed of residential buildings hit 109 million square meters, went up 28.5 percent, or increased 1.6 percentage points over first three months.

From January to April, the floor spaces purchased of real estate development enterprises in the whole country reached 72.66 million square meters, dropped 28.6 percent year-on-year, while that of 11.1 percent increased over same period of previous year; the floor spaces developed hit 70.78 million square meters, decreased 12.2 percent year-on-year, while an increase of 5.9 percent over same period of previous year.

II. Sales of commercial buildings

From January to April, the floor spaces of commercial buildings sold accounted for 176.25 million square meters, surging up 17.5 percent year-on-year. Of the total, the floor spaces of residential buildings sold increased 18.6 percent; that of office buildings dropped 10.5 percent; that of buildings for commercials uses went up 13.1 percent. From January to April, the total sales of commercial buildings amounted to 799.6 billion yuan, up by 35.4 percent. Of which, the sales of commercial residential buildings surged 38.6 percent, that of office buildings and buildings for commercial uses increased 14.0 and 20.0 percent respectively.

III. The funds sources of real estate development enterprises

From January to April, the funds sources of real estate development enterprises reached 1,351.2 billion yuan, a year-on-year increase of 12.4 percent. Of the total, domestic loans amounted to 325.5 billion yuan, up by 12.4 percent; that of utilization of foreign funds reached 16.6 billion yuan, increased 11.6 percent; that of self-financing funds hit 489.3 billion yuan, went up 14.6 percent; that of other funds accounted for 519.9 billion yuan, rose by 14.6 percent. In view of the other funds, deposits and advantage payments totaled 301.3 billion yuan, mounted up 10.3 percent; and that of personal mortgage loans stood at 146.2 billion yuan, gained in 28.7 percent.

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

In April, sales price indices of buildings in 70 medium-large sized cities decreased 1.1 percent year-on-year, narrowed 0.2 percentage points over March; the chain index was booming up by 0.4 percent, increased 0.2 percentage points over March.

The sales price indices of newly constructed residential buildings dropped 1.7 percent year-on-year, fell 0.2 percentage points over March; the chain index went up by 0.3 percent, expanded 0.2 percentage points over March.

In terms of different categories, the sales price indices of economically affordable housings went up 0.4 percent year-on-year; that of commercial residential buildings dropped 2.0 percent, declined 0.2 percentage points month-on-month, of which, the sales price indices of ordinary and luxury commercial housings went down 1.5 and 3.8 percent respectively. As compared month-on-month, the sales price indices of economically affordable housings came up 0.1 percent; that of commercial residential buildings went up 0.3 percent, of the total, ordinary commercial buildings and luxury commercial buildings increased 0.4 and 0.2 percent respectively.

In terms of different sub-dwelling sizes, the sales price indices of newly constructed residential buildings at and below 90 square meters fell 0.7 percent year-on-year, while that of chain index increased 0.5 percent.

In terms of different regions, as compared year-on-year, 26 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Yinchuan was 6.7 percent, Xining was 5.0 percent, Jinzhou was 4.8 percent, Lanzhou was 4.7 percent, and Yantai was 3.6 percent; that of 44 cities dropped, and the top fives are: Shenzhen was 8.8 percent, Shijiazhuang was 7.4 percent, Guangzhou was 6.7 percent, Guilin was 6.3 percent, and Xuzhou was 5.6 percent. As compared month-on-month, 47 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Guangzhou was 2.1 percent, Shenzhen was 2.0 percent, Dali was 1.7 percent, Dandong was 1.3 percent, and Lanzhou was 1.2 percent; that of 14 cities decreased, and the top fives are: Wenzhou was 2.0 percent, Quanzhou was 0.9 percent, Hangzhou was 0.6 percent, and both of Zhanjiang and Jining was 0.4 percent.

The sale price indices of second-handed residential housings kept in stable, the chain index advanced 0.8 percent, up 0.5 percentage points month-on-month.

In terms of different regions, as compared year-on-year, 30 cities got an increase of sales price indices of second-handed residential buildings, of the total, the top fives are: Sanya was 11.9 percent, Zhengzhou was 8.4 percent, Nanning was 7.3 percent, Harbin was 6.6 percent, and Xining was 5.9 percent; while that of 40 cities dropped, and the top fives are: Shenzhen was 11.5 percent, Jinlin was 9.8 percent, Jining was 6.0 percent, Shijiazhuang was 5.9 percent, and Xiamen was 5.2 percent. As compared month-on-month, 44 cities got picking up, of total, the top fives are: Shenzhen was 3.3 percent, Kunming was 2.2 percent, both of Wenzhou and Xi’an was 1.8 percent, and Chongqing was 1.5 percent; that of 12 cities decreased, the range of decreasing rate was between 0.1-0.3 percent.

The sales price indices of new non-residential housings dipped 0.4 percent year-on-year, the chain index boomed 0.3 percent.

As compared year-on-year, the sales price indices of office buildings were up by 1.1 percent, that of for commercial purposes dropped 0.6 percent, that of for others decreased 5.2 percent. As compared month-on-month, the sales price indices of office buildings were up by 1.2 percent, that of for commercial purposes dropped 0.2 percent, that of for others decreased 0.4 percent.

V. National real estate development climate index

In April, national real estate development climate index was 94.76, 0.08 percentage points lower month-on-month, a decrease of 9.31 points over same period of previous year.

In terms of different indices, the investment index of real estate development was 91.20, came down 0.80 points month-on-month, or dropped 13.08 points over same period of previous year; the index of capital sources was 94.30, up by 0.59 points month-on-month, while that of 7.26 points down over same period of previous year; the index of floor spaces development was 92.70, expanded 0.50 points month-on-month, while 4.18 points went down over same period of previous year; the index of vacant floor spaces of commercial buildings was 91.20, went down 0.83 and 19.34 points month-on-month and same period of previous year respectively; the index of floor spaces of buildings under construction was 93.47, declined 0.03 and 14.31 points month-on-month and same period of previous year respectively.


Source: National Bureau of Statistics of China

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