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China: Operation of the National Real Estate Market in the Past Three Quarters
added: 2010-10-20

In the past three quarters, the total investment in real estate development was 3351.1 billion yuan, up by 36.4% year-on-year. Of which, investment in commercial residential buildings reached 2351.2 billion yuan, 33.8% of increase year-on-year, which occupied 70.2% of the investment in real estate development.

I. The completion of real estate development

In the past three quarters, the total investment in real estate development was 3351.1 billion yuan, up by 36.4% year-on-year. Of which, investment in commercial residential buildings reached 2351.2 billion yuan, 33.8% of increase year-on-year, which occupied 70.2% of the investment in real estate development. In September, the completion of investment in real estate development totaled 515.6 billion yuan, increased 35%, year-on-year.

In the past three quarters, the floor spaces under construction of real estate development enterprises in the whole country stood at 3554 million square meters, a year-on-year increase of 28.1%; the new started floor spaces of housing stood at 1194 million square meters, up by 63.1%, year-on-year; the floor spaces completed reached 369 million square meters, climbing up 10.4% year-on-year. Of which, the floor spaces completed of residential buildings hit 299 million square meters, went up 8.1% year-on-year.

In the past three quarters, land areas purchased was 290.83 million square meters, up by 35.6%, the value of land purchased amounted to 711.1 billion yuan, increased 83.7%.

In September, the new started floor spaces of housing was 146 million square meters, up by 44.3%; the floor spaces completed reached 45.27 million square meters, raised 8.3%, year-on-year. Of which, the floor spaces completed of residential buildings reached 37.01 million square meters, up by 3.6%; the land areas purchased was amounted to 33.92 million square meters this month, an increase of 20.3%; the value of land purchased amounted to 109.4 billion yuan, increased 80.1%.

II. Sales of commercial buildings

In the past three quarters, the floor spaces of commercial buildings sold accounted for 632 million square meters, surging up 8.2%, year-on-year, and promoted 1.5 percentage points comparing with January to August. Of the total, the floor spaces of residential buildings sold increased 5.8%; that of office buildings and buildings for commercials used went up 27% and 33.2%. In these three quarters, the total sales of commercial buildings amounted to 3190 billion yuan, up by 15.9%,year-on-year, 3.3 percentage points of growth rate over January to August. Of which, the sales of commercial residential buildings surged 11.2%, that of office buildings and buildings for commercial use increased 49.9% and 48.2%, respectively.

In September, the floor spaces of commercial buildings sold accounted for 104.46 million square meters, increased 16.6%, year-on-year; the total volume of commercial buildings reached 549.8 billion yuan, up by 35.2%, year-on-year.

III. The funds sources of real estate development enterprises

In these three quarters, the funds sources of real estate development enterprises reached 5050.4 billion yuan, a year-on-year increase of 32.5%. Of the total, domestic loans amounted to 939.8 billion yuan, up by 27.2%; that of utilization of foreign funds reached 45.2 billion yuan, increased 26%; that of self-financing funds hit 1912.3 billion yuan, up by 49.7%; that of others reached 2153.1 billion yuan, rose by 22.3%. In view of the other funds, deposits and advantage payments totaled 1218.5 billion yuan, ballooned 18.7%; and that of personal mortgage loans stood at 639.1 billion yuan, gained 19.6%.

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 9.1%, year-on-year, narrowed 0.2 percentage points over in August; the chain index gained a 0.5% of increase.

The sales price of newly constructed residential buildings in September increased 11.3%, year-on-year, fell 0.4 percentage points over in August; the chain index up by 0.5%, the sales price of commercial residential buildings up by 12.6%, of which, the sales price indices of ordinary, luxury commercial housings and economically affordable housings went up 11.9%, 15.2% and 1.1%, respectively. As compared month-on-month, the sales price indices of commercial residential buildings, ordinary and luxury commercial buildings and economically affordable housings increased 0.5%, 0.4%, 0.7% and 0.2%.

In September, the sales price of second-handed residential buildings jumped 6.2 percent year-on-year, remained the same level with last month; the chain index rose by 0.5%, promoted 0.4 percentage points over in August.

V. National Macro-Economic Climate Monitoring Index

In September, the national real estate climate index was 103.52, 0.59 points lower than the previous month, while gained 2.44 points higher than it was in the same period last year.

In terms of category index, the investment index of real estate development was 104.85, down by 0.04 points from August, while it up by 4.84 points compared with the same month last year. The index of capital source was 108.21, 1.53 points of decrease from the pervious month, while a year-on-year increase of 0.46 points. The index of land space development was 94.10, down by 0.32 points compared with the previous month, up by 0.17 points from the same period last year. The index of floor space of commercial buildings for sale was 103.56, down by 0.67 points from last month, or up by 13.24 points from the same month last year. The index of floor space of buildings under construction was 108.56, 0.44 points lower from that was in August, while a year-on-year increase of 9.5 points.


Source: National Bureau of Statistics of China

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