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China: Operation of the National Real Estate Market from January to August 2009
added: 2009-09-11

From January to August, the total investment in real estate development amounted to 2,114.7 billion yuan, up by 14.7 percent year-on-year, and went up by 3.1 percentage points over first seven months, while that of a decrease of 14.4 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 1,484.8 billion yuan, 10.9 percent of increase year-on-year, picking up 2.7 percentage points over first seven months, or 20.8 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

The completion of real estate development

From January to August, the total investment in real estate development amounted to 2,114.7 billion yuan, up by 14.7 percent year-on-year, and went up by 3.1 percentage points over first seven months, while that of a decrease of 14.4 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 1,484.8 billion yuan, 10.9 percent of increase year-on-year, picking up 2.7 percentage points over first seven months, or 20.8 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

From January to August, the floor spaces under construction of real estate development enterprises in the whole country stood at 2629 million square meters, a year-on-year increase of 13.5 percent, went up by 1.0 percentage points over first seven months; the new started floor spaces of housing stood at 631 million square meters, declined 5.9 percent year-on-year, and 3.2 percentage points narrowed over first seven months; the floor spaces completed reached 292 million square meters, climbing up 25.1 percent year-on-year, or 0.4 percentage points increased over first seven months. Of which, the floor spaces completed of residential buildings hit 241 million square meters, went up 26.8 percent, or increased 0.2 percentage points over first seven months.

From January to August, the floor spaces purchased of real estate development enterprises in the whole country reached 186.31 million square meters, dropped 25.3 percent year-on-year; the floor spaces developed hit 149.20 million square meters, decreased 9.7 percent year-on-year.

Sales of commercial buildings

From January to August, the floor spaces of commercial buildings sold accounted for 494.16 million square meters, surging up 42.9 percent year-on-year. Of the total, the floor spaces of residential buildings sold increased 44.5 percent; that of office buildings boomed 18.5 percent; that of buildings for commercials uses went up by 29.4 percent. From January to August, the total sales of commercial buildings amounted to 2,346.4 billion yuan, up by 69.9 percent year-on-year. Of which, the sales of commercial residential buildings surged 74.6 percent, that of office buildings and buildings for commercial uses increased 35.6 and 43.5 percent respectively.

The funds sources of real estate development enterprises

From January to August, the funds sources of real estate development enterprises reached 3,368.9 billion yuan, a year-on-year increase of 34.2 percent. Of the total, domestic loans amounted to 738.4 billion yuan, up by 46.3 percent; that of utilization of foreign funds reached 29.8 billion yuan, decreased 33.6 percent; that of self-financing funds hit 1,104.5 billion yuan, went up by 12.6 percent; that of other funds accounted for 1,496.1 billion yuan, rose by 52.7 percent. In view of the other funds, deposits and advantage payments totaled 871.2 billion yuan, ballooned 43.2 percent; and that of personal mortgage loans stood at 450.7 billion yuan, promoted 94.1 percent.

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

In August, sales price indices of buildings in 70 medium-large sized cities increased 2.0 percent year-on-year, expanded 1.0 percentage points month-on-month; the chain index was booming up by 0.9 percent, remained the same level month-on-month.

The sales price indices of newly constructed residential buildings boomed 1.5 percent, or 1.2 percentage points year-on-year; the chain index went up by 1.1 percent, remained the same level month-on-month.

In terms of different categories, the sales price indices of economically affordable housings went up by 0.5 percent year-on-year; that of commercial residential buildings ballooned 1.7 percent, of which, the sales price indices of ordinary commercial housings increased 2.2 percent, that of luxury commercial housings went down by 0.4 percent. As compared month-on-month, the sales price indices of economically affordable housings surged 0.1 percent; that of commercial residential buildings went up by 1.2 percent, of the total, both of the ordinary and luxury commercial buildings increased 1.2 percent.

In terms of different sub-dwelling sizes, the sales price indices of newly constructed residential buildings at and below 90 square meters climbed 3.7 percent year-on-year, while that of chain index increased 1.1 percent.

In terms of different regions, as compared year-on-year, 52 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives were: Jinhua was 7.5 percent, Ningbo was 7.4 percent, Yinchuan was 6.8 percent, Jinzhou was 6.6 percent, and Xining was 4.9 percent; and that of 16 cities dropped, and the top fives were: Xuzhou was 4.6 percent, Shijiazhuang was 3.8 percent, Guilin was 3.4 percent, Dandong was 2.7 percent, and Tangshan was 2.4 percent.

As compared with previous month, 66 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Jilin was 3.2 percent, Jinhua was 2.6 percent, Dali was 2.6 percent, Yinchuan was 2.2 percent, and Zhanjiang was 2.1 percent; that of 4 cities remained same price month-on-month, which were Baotou, Ganzhou, Pingdingshan, and Xiangfan.

The sale price indices of second-handed residential housings expanded 3.6 percent year-on-year, or increased 0.6 percentage points month-on-month; the chain index advanced 0.6 percent, narrowed 0.3 percentage points month-on-month.

In terms of different regions, as compared year-on-year, 47 cities got an increase of sales price indices of second-handed residential buildings, of the total, the top fives were: Shenzhen was 14.9 percent, Wenzhou was 9.1 percent, Jinhua was 8.1 percent, Hangzhou was 7.8 percent, and Luoyang was 7.2 percent; while that of 22 cities dropped, and the top fives were: Shijiazhuang was 7.2 percent, Jilin was 6.8 percent, Tangshan was 6.5 percent, Yueyang was 5.1 percent, and Zhanjiang was 3.5 percent.

As compared with previous month, 64cities got picking up, of total, the top fives were: Jining was 4.3 percent, Hangzhou was 3.2 percent, Shenzhen was 3.0 percent, Wenzhou was 1.9 percent, and Yueyang was 1.7 percent; that of 2 cities decreased, of which, Dali was 0.4 percent, and Quanzhou was 0.1 percent.

The sales price indices of new non-residential housings went up 1.6 percent year-on-year, the chain index boomed 0.5 percent.

As compared year-on-year, the sales price indices of office buildings were up by 3.8 percent, that of for commercial purposes ballooned 0.1 percent, that of for others increased 0.6 percent. As compared month-on-month, the sales price indices of office buildings were up by 0.3 percent, that of for commercial purposes ballooned 0.3 percent, that of for others increased 1.8 percent.

National real estate development climate index

In August, national real estate development climate index was 100.08, promoted 2.07 percentage points month-on-month.

In terms of different indices, the investment index of real estate development was 97.75, came up 1.47 points month-on-month; the index of capital sources was 105.82, up by 2.51 points month-on-month; the index of floor spaces development was 93.25, went up 0.70 points month-on-month; the index of vacant floor spaces of commercial buildings was 89.31, surged 0.68 points month-on-month; the index of floor spaces of buildings under construction was 94.95, promoted 1.11 points month-on-month.


Source: National Bureau of Statistics of China

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