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China: Operation of the National Real Estate Market in 2009
added: 2010-01-21

In 2009, the total investment in real estate development amounted to 3,623.2 billion yuan, up by 16.1 percent year-on-year. Of which, investment in commercial residential buildings reached 2,561.9 billion yuan, 14.2 percent of increase year-on-year, occupied 70.7 percent of the investment in real estate development.

I. The completion of real estate development


In 2009, the total investment in real estate development amounted to 3,623.2 billion yuan, up by 16.1 percent year-on-year. Of which, investment in commercial residential buildings reached 2,561.9 billion yuan, 14.2 percent of increase year-on-year, occupied 70.7 percent of the investment in real estate development.

In 2009, the floor spaces under construction of real estate development enterprises in the whole country stood at 3196 million square meters, a year-on-year increase of 12.8 percent; the new started floor spaces of housing stood at 1154 million square meters, up by 12.5 percent year-on-year; the floor spaces completed reached 702 million square meters, climbing up 5.5 percent year-on-year. Of which, the floor spaces completed of residential buildings hit 577 million square meters, went up 6.2 percent.

In 2009, the floor spaces purchased of real estate development enterprises in the whole country reached 319.06 million square meters, dropped 18.9 percent year-on-year; the floor spaces developed hit 230.06 million square meters, decreased 19.9 percent year-on-year.

II. Sales of commercial buildings

In 2009, the floor spaces of commercial buildings sold accounted for 937.13 million square meters, surging up 42.1 percent year-on-year. Of the total, the floor spaces of residential buildings sold increased 43.9 percent; that of office buildings boomed 30.8 percent; that of buildings for commercials uses went up by 24.2 percent. In 2009, the total sales of commercial buildings amounted to 4,399.5 billion yuan, up by 75.5 percent year-on-year. Of which, the sales of commercial residential buildings surged 80.0 percent, that of office buildings and buildings for commercial uses increased 66.9 and 45.5 percent respectively.

III. The funds sources of real estate development enterprises

In 2009, the funds sources of real estate development enterprises reached 5,712.8 billion yuan, a year-on-year increase of 44.2 percent. Of the total, domestic loans amounted to 1,129.3 billion yuan, up by 48.5 percent; that of utilization of foreign funds reached 47.0 billion yuan, decreased 35.5 percent; that of self-financing funds hit 1,790.6 billion yuan, went up by 16.9 percent; that of other funds accounted for 2,745.9 billion yuan, rose by 71.9 percent. In view of the other funds, deposits and advantage payments totaled 1,591.4 billion yuan, ballooned 63.1 percent; and that of personal mortgage loans stood at 840.3 billion yuan, promoted 116.2 percent.

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

In December, sales price indices of buildings in 70 medium-large sized cities increased 7.8 percent year-on-year, expanded 2.1 percentage points month-on-month; the chain index was booming up by 1.5 percent, expanded 0.3 percentage points month-on-month.

The sales price indices of newly constructed residential buildings boomed 9.1 percent, or 2.9 percentage points increased year-on-year; the chain index went up by 0.3 percentage points month-on-month.

In terms of different categories, the sales price indices of economically affordable housings went up by 0.8 percent year-on-year; that of commercial residential buildings ballooned 10.1 percent, of which, the sales price indices of ordinary commercial housings increased 11.0 percent, that of luxury commercial housings went up by 7.2 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 2.2 percent, of the total, the ordinary and luxury commercial buildings increased 2.4 and 1.3 percent respectively.

In terms of different sub-dwelling sizes, the sales price indices of newly constructed residential buildings at and below 90 square meters climbed 11.6 percent year-on-year, while that of chain index increased 2.0 percent.

In terms of different regions, as compared year-on-year, 69 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives were: Guangzhou was 19.9 percent, Jinhua was 14.9 percent, Shenzhen was 14.3 percent, Haikou was 13.4 percent, Beijing was 13.2 percent; that of 1 city dropped: Tangshan was 2.0 percent.

As compared month-on-month, 66 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Sanya was 5.1 percent, Beijing was 4.5 percent, Wenzhou was 4.1 percent, Haikou was 3.3 percent, and Bengbu was 3.1 percent; that of 1 city dropped: Jinzhou was 0.1 percent.

The sale price indices of second-handed residential housings expanded 0.2 percent year-on-year, or increased 0.5 percentage points month-on-month; the chain index advanced 0.5 percent, narrowed 0.1 percentage points month-on-month.

In terms of different regions, as compared year-on-year, 69 cities got an increase of sales price indices of second-handed residential buildings, of the total, the top fives were: Shenzhen was 23.9 percent, Wenzhou was 19.2 percent, Hangzhou was 13.9 percent, Xiamen was 13.2 percent, and Jinhua was 12.1 percent; while that of 1 city dropped: Tangshan was 1.8 percent.

As compared with previous month, 60 cities got picking up, of total, the top fives were: Sanya was 3.3 percent, Huizhou was 2.6 percent, Jilin was 2.4 percent, Haikou was 2.3 percent, and Xiamen was 2.0 percent; that of 1 city decreased: Kunming was 0.1 percent.

The sales price indices of new non-residential housings went up 4.3 percent year-on-year, expanded 0.3 percentage points month-on-month; the chain index boomed 0.6 percent, declined 0.3 percentage points month-on-month.

As compared year-on-year, the sales price indices of office buildings were up by 6.4 percent, that of for commercial purposes ballooned 2.7 percent, that of for others increased 4.1 percent. As compared month-on-month, the sales price indices of office buildings were up by 0.6 percent, that of for commercial purposes ballooned 0.6 percent, that of for others decreased 0.3 percent.

In fourth quarter, the sales price indices of buildings in 70 medium-large sized cities boomed 5.8 percent year-on-year, of which, sale price indices of newly constructed residential buildings increased 6.4 percent, that of second-handed residential housings went up by 5.6 percent; that of housing rentals kept same level year-on-year; that of estate management ballooned 13.8 percent, and that of land transaction surged 19.4 percent year-on-year.

V. National real estate development climate index

In December, national real estate development climate index was 103.66, promoted 0.88 points month-on-month.

In terms of different indices, the investment index of real estate development was 100.42, dipped 0.18 points month-on-month; the index of capital sources was 110.77, up by 1.25 points month-on-month; the index of floor spaces development was 95.69, went up 0.33 points month-on-month; the index of vacant floor spaces of commercial buildings was 96.87, surged 3.03 points month-on-month; the index of floor spaces of buildings under construction was 102.51, declined 0.50 points month-on-month.


Source: National Bureau of Statistics of China

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