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Operation of the National Real Estate Market in the First Half Year of 2010
added: 2010-07-14

In the first half year, the total investment in real estate development was 1,974.7 billion yuan, up by 38.1 percent year-on-year. Of which, investment in commercial residential buildings reached 1,369.2 billion yuan, 34.4 percent of increase year-on-year, which occupied 69.3 percent of the investment in real estate development. In June, the completion of investment in real estate development was 583 billion yuan, increased 184.5 billion yuan and 46.3 percent over last month.

I. The completion of real estate development

In the first half year, the total investment in real estate development was 1,974.7 billion yuan, up by 38.1 percent year-on-year. Of which, investment in commercial residential buildings reached 1,369.2 billion yuan, 34.4 percent of increase year-on-year, which occupied 69.3 percent of the investment in real estate development. In June, the completion of investment in real estate development was 583 billion yuan, increased 184.5 billion yuan and 46.3 percent over last month.

In the first half year, the floor spaces under construction of real estate development enterprises in the whole country stood at 3,084 million square meters, a year-on-year increase of 28.7 percent; the new started floor spaces of housing stood at 805 million square meters, up by 67.9 percent year-on-year; the floor spaces completed reached 244 million square meters, climbing up 18.2 percent year-on-year. Of which, the floor spaces completed of residential buildings hit 196 million square meters, went up 15.5 percent year-on-year.

In the first half year, the land space purchased of real estate development enterprises in the whole country reached 185.01 million square meters, up by 35.6 percent year-on-year; the total value of land purchased reached 422.1 billion yuan, climbing up 84.0 percent year-on-year.

II. Sales of commercial buildings

In the first half year, the floor spaces of commercial buildings sold accounted for 394 million square meters, surging up 15.4 percent year-on-year, and dropped 7.1 percentage points year-on-year. Of the total, the floor spaces of residential buildings sold increased 12.7 percent; that of office buildings and buildings for commercials used went up 53.2 and 41.6 percent. In the first half year, the total sales of commercial buildings amounted to 1,980 billion yuan, up by 25.4 percent year-on-year, narrowed 13.0 percentage points over the first five months. Of which, the sales of commercial residential buildings surged 20.3 percent, that of office buildings and buildings for commercial uses increased 91.5 and 57.1 percent respectively.

III. The funds sources of real estate development enterprises

In the first half year, the funds sources of real estate development enterprises reached 3,371.9 billion yuan, a year-on-year increase of 45.6 percent. Of the total, domestic loans amounted to 657.3 billion yuan, up by 34.5 percent; that of utilization of foreign funds reached 25 billion yuan, increased 2.8 percent; that of self-financing funds hit 1,241 billion yuan, went up 50.9 percent; that of other funds accounted for 1,448.7 billion yuan, rose by 47.9 percent. In view of the other funds, deposits and advantage payments totaled 806.4 billion yuan, ballooned 40.1 percent; and that of personal mortgage loans stood at 453.8 billion yuan, gained in 60.4percent.

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

In June, sales price indices of buildings in 70 medium-large sized cities increased 11.4 percent year-on-year, narrowed 1.0 percentage points over May; the chain index was down by 0.1 percent, while which was increased 0.2 percentage points in May.

In June, the sales price of newly constructed residential buildings increased 14.1 percent year-on-year, fell 1.0 percentage points over May; the chain index remained the same level with last month, while which was went up 0.4 percent in May. Of which, the sales price indices of economically affordable housings went up 1.1 percent year-on-year; that of commercial residential buildings up by 15.8 percent, of which, the sales price indices of ordinary and luxury commercial housings went up 15.2 and 18.0 percent respectively. As compared month-on-month, the sales price indices of economically affordable housings remained the same level; that of the commercial residential buildings went down 0.1 percent, of the total, ordinary commercial buildings remained the same level, while luxury commercial buildings decreased 0.2 percent.

In June, the sales price of second-handed residential buildings jumped 7.7 percent year-on-year, narrowed 1.5 percentage points over May; the chain index decreased 0.3 percent, fell 0.1 percentage point over last month.

V. National Macro-Economic Climate Monitoring Index

In June, the national real estate climate index was 105.06, 0.01 points lower than the previous month, while 8.51 points higher than it was in the same period last year.

In terms of category index, the investment index of real estate development was 105.54, down by 0.02 points from May, while it up by 11.94 points compared with the same month last year. The index of capital source was 113.63, 3.06 points of decrease from the pervious month, while a year-on-year increase of 14.90 points. The index of land space development was 93.22, up by 3.08 points compared with the previous month, up by 0.83 points from the same period last year. The index of vacant floor space of commercial buildings was 104.65, up by 1.17 points from last month, or up by 16.06 points from the same month last year. The index of floor space of buildings under construction was 109.39, 1.97 points lower from that was in May, while a year-on-year increase of 15.50 points.


Source: National Bureau of Statistics of China

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