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Operation of the National Real Estate Market in 2010
added: 2011-01-18

In 2010, the total investment in real estate development was 4,826.7 billion yuan, up by 33.2% year-on-year. Of which, investment in commercial residential buildings reached 3,403.8 billion yuan, 32.9% of increase year-on-year, which occupied 70.5% of the investment in real estate development. In December, the completion of investment in real estate development totaled 557 billion yuan, increased 12.0%, year-on-year.

I. The completion of real estate development

In 2010, the total investment in real estate development was 4,826.7 billion yuan, up by 33.2% year-on-year. Of which, investment in commercial residential buildings reached 3,403.8 billion yuan, 32.9% of increase year-on-year, which occupied 70.5% of the investment in real estate development. In December, the completion of investment in real estate development totaled 557 billion yuan, increased 12.0%, year-on-year.

In the year of 2010, the floor spaces under construction of real estate development enterprises in the whole country stood at 4,055 million square meters, a year-on-year increase of 26.6%; the new started floor spaces of housing stood at 1,638 million square meters, up by 40.7%, year-on-year; the floor spaces completed reached 760 million square meters, climbing up 4.5% year-on-year. Of which, the floor spaces completed of residential buildings hit 612 million square meters, went up 2.7% year-on-year.

In 2010, land areas purchased was 410 million square meters, up by 28.4%, the value of land purchased amounted to 999.2 billion yuan, increased 65.9%.

In December, the new started floor spaces of housing was 186 million square meters, dropped 1.1%; the floor spaces completed reached 275 million square meters, down by 3.4%, year-on-year. Of which, the floor spaces completed of residential buildings reached 219 million square meters, down by 4.5%; the land areas purchased was amounted to 48.89 million square meters this month, an increase of 1.5%; the value of land purchased amounted to 106.1 billion yuan, increased 5.8%.

II. Sales of commercial buildings

In 2010, the floor spaces of commercial buildings sold accounted for 1043 million square meters, surging up 10.1%, year-on-year, and promoted 0.3 percentage points comparing with January to November. Of the total, the floor spaces of residential buildings sold increased 8.0%; that of office buildings and buildings for commercials used went up 21.9% and 29.9%. In 2010, the total sales of commercial buildings amounted to 5,250 billion yuan, up by 18.3%,year-on-year, 0.8 percentage points of growth rate over January to November. Of which, the sales of commercial residential buildings surged 14.4%, that of office buildings and buildings for commercial use increased 31.2% and 46.3%, respectively.

In December, the floor spaces of commercial buildings sold accounted for 218.08 million square meters, increased 11.5%, year-on-year. The total volume of commercial buildings reached 1020.1 billion yuan, up by 21.9%, year-on-year.

III. The funds sources of real estate development enterprises

In 2010, the funds sources of real estate development enterprises reached 7,249.4 billion yuan, a year-on-year increase of 25.4%. Of the total, domestic loans amounted to 1254 billion yuan, up by 10.3%; that of utilization of foreign funds reached 79.6 billion yuan, increased 66.0%; that of self-financing funds hit 2,670.5 billion yuan, rose by 48.8%, that of other funds accounted for 3,245.4 billion yuan, rose by 15.9%. In view of the other funds, deposits and advantage payments totaled 1,902 billion yuan, ballooned 17.3%; and that of personal mortgage loans stood at 921.1 billion yuan, gained 7.6% of increase.

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 6.4%, year-on-year, narrowed 1.3 percentage points over in November; the chain index gained a 0.3% of increase.

The sales price of newly constructed residential buildings in December increased 7.6%, year-on-year, fell 1.7 percentage points over last month. The sales price of commercial residential buildings up by 8.5%, of which, the sales price indices of ordinary, luxury commercial housings and economically affordable housings went up 7.2%, 12.8% and 1.0%, respectively. As compared month-on-month, the sales price indices of newly constructed commercial residential buildings, ordinary, luxury commercial buildings and economically affordable housings increased 0.3%, 0.3%, 0.4%, 0.2% and 0.1%.

In December, the sales price of second-handed residential buildings jumped 5.0%, year-on-year, narrowed 0.6 percentage points over the last month; the chain index rose by 0.5%, promoted 0.2 percentage points over in November.

V. National Real Estate Climate Index

In December, the national real estate climate index was 101.79, fell 1.41 points than the previous month, or dropped 1.87 points than it was in the same month last year.

In terms of category index, the investment index of real estate development was 103.87, fell 0.95 points from November, while it up by 3.45 points compared with the same month last year. The index of capital source was 102.66, 2.08 points of decrease from the pervious month, while a year-on-year decrease of 8.11 points. The index of land space development was 96.03, down by 0.39 points compared with the previous month, or increased 0.34 points from the same month last year. The index of floor space of commercial buildings for sale was 103.66, up by 0.56 points from last month, or up by 6.79 points from the same month last year. The index of floor space of buildings under construction was 104.81, dropped 1.44 points from that was in November, a year-on-year increase of 2.3 points.


Source: National Bureau of Statistics of China

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