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China: Operation of the National Real Estate Market in the First Three Quarters
added: 2009-10-19

In the first three quarters, the total investment in real estate development in China amounted to 2,505.0 billion yuan, up by 17.7 percent year-on-year, and went up by 3.0 percentage points over first eight months, while that of a decrease of 8.8 percentage points over same period of previous year.

I. The completion of real estate development


In the first three quarters, the total investment in real estate development amounted to 2,505.0 billion yuan, up by 17.7 percent year-on-year, and went up by 3.0 percentage points over first eight months, while that of a decrease of 8.8 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 1,758.2 billion yuan, 13.4 percent of increase year-on-year, picking up 2.5 percentage points over first eight months, or 15.3 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

In the first three quarters, the floor spaces under construction of real estate development enterprises in the whole country stood at 2775 million square meters, a year-on-year increase of 15.4 percent, went up by 1.9 percentage points over first eight months; the new started floor spaces of housing stood at 732 million square meters, declined 0.4 percent year-on-year, and 5.5 percentage points narrowed over first eight months; the floor spaces completed reached 334 million square meters, climbing up 24.7 percent year-on-year, or 0.4 percentage points increased over first eight months. Of which, the floor spaces completed of residential buildings hit 277 million square meters, went up 26.7 percent, or decreased 0.1 percentage points over first eight months.

In the first three quarters, the floor spaces purchased of real estate development enterprises in the whole country reached 214.51 million square meters, dropped 22.1 percent year-on-year; the floor spaces developed hit 167.06 million square meters, decreased 6.6 percent year-on-year.

II. Sales of commercial buildings

In the first three quarters, the floor spaces of commercial buildings sold accounted for 583.71 million square meters, surging up 44.8 percent year-on-year. Of the total, the floor spaces of residential buildings sold increased 46.4 percent; that of office buildings boomed 23.5 percent; that of buildings for commercials uses went up by 30.6 percent. In the first three quarters, the total sales of commercial buildings amounted to 2,753.2 billion yuan, up by 73.4 percent year-on-year. Of which, the sales of commercial residential buildings surged 78.2 percent, that of office buildings and buildings for commercial uses increased 37.1 and 49.2 percent respectively.

III. The funds sources of real estate development enterprises

In the first three quarters, the funds sources of real estate development enterprises reached 3,899.1 billion yuan, a year-on-year increase of 38.8 percent. Of the total, domestic loans amounted to 819.0 billion yuan, up by 47.2 percent; that of utilization of foreign funds reached 35.9 billion yuan, decreased 26.2 percent; that of self-financing funds hit 1,278.7 billion yuan, went up by 14.5 percent; that of other funds accounted for 1,765.4 billion yuan, rose by 62.4 percent. In view of the other funds, deposits and advantage payments totaled 1,026.9 billion yuan, ballooned 52.0 percent; and that of personal mortgage loans stood at 534.5 billion yuan, promoted 107.7 percent.

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

In September, sales price indices of buildings in 70 medium-large sized cities increased 2.8 percent year-on-year, expanded 0.8 percentage points month-on-month; the chain index was booming up by 0.7 percent, narrowed 0.2 percentage points month-on-month.

The sales price indices of newly constructed residential buildings boomed 2.7 percent, or 1.2 percentage points year-on-year; the chain index went up by 0.8 percent, dipped 0.3 percentage points month-on-month.

In terms of different categories, the sales price indices of economically affordable housings went up by 0.6 percent year-on-year; that of commercial residential buildings ballooned 3.7 percent, of which, the sales price indices of ordinary commercial housings increased 3.7 percent, that of luxury commercial housings went up by 0.5 percent. As compared month-on-month, the sales price indices of economically affordable housings surged 0.2 percent; that of commercial residential buildings went up by 0.9 percent, of the total, the ordinary and luxury commercial buildings increased 1.0 and 0.6 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 4.9 percent year-on-year, while that of chain index increased 1.0 percent.

In terms of different regions, as compared year-on-year, 58 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives were: Jinhua was 8.7 percent, Ningbo was 7.5 percent, Jinzhou 7.4 percent, both of Guangzhou and Yinchuan was 7.3 percent; that of 11 cities dropped, and the top fives were: Xuzhou was 4.4 percent, Tangshan was 2.4 percent, Shijiazhuang was 2.2 percent, Guilin was 1.8 percent, and Dandong was 1.5 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: Wenzhou was 5.6 percent, Zhanjiang was 2.1 percent, Hangzhou was 2.0 percent, Jining was 1.9 percent, and Yinchuan was 1.7 percent; that of 2 cities dropped, of which, Jilin was 2.0 percent, and Sanya was 0.4 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, 50 cities got an increase of sales price indices of second-handed residential buildings, of the total, the top fives were: Shenzhen was 16.6 percent, Wenzhou was 11.2 percent, Hangzhou was 10.0 percent, Jinhua was 8.9 percent, and Luoyang was 7.3 percent; while that of 20 cities dropped, the top fives were: Shijiazhuang was 7.2 percent, Jilin was 5.6 percent, Tangshan was 5.0 percent, Yueyang was 4.5 percent, and Huhhot was 3.4 percent.

As compared with previous month, 60 cities got picking up, of total, the top fives were: Jining was 3.4 percent, Zunyi was 2.2 percent, Zhengzhou was 2.1 percent, Wenzhou was 1.9 percent, and Hangzhou was 1.8 percent; that of 2 cities decreased, of which, Baotou was 0.3 percent, and Shijiazhuang was 0.1 percent.

The sales price indices of new non-residential housings went up 1.9 percent year-on-year, expanded 0.3 percentage points month-on-month; the chain index boomed 0.2 percent, declined 0.3 percentage points month-on-month.

As compared year-on-year, the sales price indices of office buildings were up by 4.2 percent, that of for commercial purposes ballooned 0.3 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 0.2 percent, that of for others decreased 0.1 percent.

In third quarter, the sales price indices of buildings in 70 medium-large sized cities boomed 1.9 percent year-on-year, of which, sale price indices of newly constructed residential buildings increased 1.5 percent, that of second-handed residential housings went up by 3.5 percent; that of housing rentals dropped 0.5 percent, that estate management ballooned 0.3 percent, and that of land transaction surged 4.7 percent year-on-year.

V. National real estate development climate index

In September, national real estate development climate index was 101.08, promoted 1.00 points month-on-month.

In terms of different indices, the investment index of real estate development was 100.01, came up 2.26 points month-on-month; the index of capital sources was 107.75, up by 1.93 points month-on-month; the index of floor spaces development was 93.93, went up 0.68 points month-on-month; the index of vacant floor spaces of commercial buildings was 90.32, surged 1.01 points month-on-month; the index of floor spaces of buildings under construction was 99.06, promoted 4.11 points month-on-month.


Source: National Bureau of Statistics of China

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