National Real Estate Development and Sales in January to May 2022
National Bureau of Statistics of China2022-06-17 13:57




1. The Completion of Real Estate Investment

 

From January to May, the national investment in real estate development was 5,213.4 billion yuan, a year-on-year decrease of 4.0 percent; among them, the residential investment was 3,952.1 billion yuan, down 3.0 percent.

 

 

From January to May, the construction area of real estate development enterprises' houses was 8,315.25 million square meters, a year-on-year decrease of 1.0 percent. Among them, the residential construction area was 5,869.18 million square meters, down 1.1 percent. The new construction area of houses was 516.28 million square meters, down 30.6 percent. Among them, the newly started residential area was 377.82 million square meters, down 31.9 percent. The completed housing area was 233.62 million square meters, down 15.3 percent. Among them, the completed residential area was 170.5 million square meters, down 14.2 percent.

 

2. Sales of Commercial Buildings

 

From January to May, the sales area of commercial housing was 507.38 million square meters, a year-on-year decrease of 23.6 percent; among them, the residential sales area decreased by 28.1 percent. The sales volume of commercial housing was 4,833.7 billion yuan, down 31.5 percent; among them, residential sales decreased by 34.5 percent.

 

 

At the end of May, the area of commercial housing for sale was 554.33 million square meters, an increase of 8.6 percent year-on-year. Among them, the residential area for sale increased by 15.0 percent.

 

3. Sources of Funds for Real Estate Development Enterprises

 

From January to May, real estate development enterprises paid in 6,040.4 billion yuan, a year-on-year decrease of 25.8 percent. Among them, domestic loans were 804.5 billion yuan, down 26.0 percent; foreign capital utilization reached 5.1 billion yuan, up 101.0 percent; self-raised funds totaled 2,106.1 billion yuan, down 7.2 percent; deposits and advance receipts amounted to 1,914.1 billion yuan, down 39.7 percent; and personal mortgage loans amounted to 978.5 billion yuan, down 27.0 percent.

 

 

4. National Real Estate Climate Index

 

In May, the prosperity index of real estate development (hereinafter referred to as "national housing prosperity index") was 95.60.

 

 

Investment in Real Estate Development for January-May

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

52134

-4.0

  Of which: Residential Buildings

39521

-3.0

      Office Buildings

2000

-9.4

      Buildings for Commercial Business

4270

-7.0

 Floor Space under Construction (10,000 sq.m)

831525

-1.0

  Of which: Residential Buildings

586918

-1.1

      Office Buildings

32801

-1.2

      Buildings for Commercial Business

75116

-7.2

 Floor Space of Houses Newly Started (10,000 sq.m)

51628

-30.6

  Of which: Residential Buildings

37782

-31.9

      Office Buildings

1306

-24.6

      Buildings for Commercial Business

3572

-30.8

 Floor Space of Buildings Completed (10,000 sq.m)

23362

-15.3

  Of which: Residential Buildings

17050

-14.2

      Office Buildings

672

-29.1

      Buildings for Commercial Business

2015

-21.2

 Land Acquisition Area (10,000 sq.m)

2389

-45.7

 Value of Land Transactions (100 million yuan)

1389

-28.1

 Floor Space of Commercial Buildings Sold (10,000 sq.m)

50738

-23.6

  Of which: Residential Buildings

42903

-28.1

      Office Buildings

1161

14.6

      Buildings for Business Use

3078

10.4

 Sales of Commercial Buildings (100 million yuan)

48337

-31.5

  Of which: Residential Buildings

42317

-34.5

      Office Buildings

1534

3.3

      Buildings for Commercial Business

3056

1.0

 Floor Space of Commercial Housing for Sale (10,000 sq.m)

55433

8.6

  Of which: Residential Buildings

26815

15.0

      Office Buildings

3889

5.8

      Buildings for Commercial Business

12415

-2.5

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

60404

-25.8

  Of which: Domestic Loans

8045

-26.0

      Foreign Investment

51

101.0

      Self-raising Funds

21061

-7.2

      Deposits and Advance Payments

19141

-39.7

      Personal Mortgage

9785

-27.0

 

 

 

 

Real Estate Investment in Eastern, Central and Western Regions for January- May

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

52134

39521

-4.0

-3.0

Eastern

28513

20992

-3.0

-2.1

Central

11440

9241

0.7

1.2

Western

10966

8335

-7.4

-6.0

Northeastern

1214

953

-28.7

-27.2

 

 

 

 

 

                                                   

Sales of Commercial Buildings in Eastern, Central and Western Regions for January- May

 

Regions

Floor Space of Commercial Buildings Sold

Sales of Commercial Buildings

Absolute

Value

(1000 Sq.m)

Growth Rate Y/Y (%)

Absolute

Value

(100 million yuan)

Growth Rate Y/Y (%)

 

 

 

 

 

National Total

50738

-23.6

48337

-31.5

Eastern

19926

-29.8

26905

-35.2

Central

14989

-16.7

10525

-23.5

Western

14626

-18.2

9980

-26.1

Northeastern

1197

-43.2

926

-47.6

 

 

 

 

 

 

Annotations:

 

1. Explanation of Indicator

 

The total investment in real estate development this year: refers to the investment of all construction projects for housing, land development projects, public welfare construction and land acquisition costs in the reporting period. The index is cumulatively statistical data based on the principle of image progress.

 

Area of commercial buildings sold: refer total areas sold of new commercial buildings in the contract during the reporting period (i.e. area of floor space designated in the formal contract signed by both sides). The indicator is cumulative data.

 

Value of commercial buildings sold: refers to the total contracted vale of new commercial buildings for sale during the reporting period (i.e. the total value of sales for selling of commercial building as designated in the formal contract signed by both sides). This indicator is cumulative data, as well as the sale of floor space of commercial buildings.

 

Area for sale of commercial housing: refers to the area of commercial housing that has not been sold or leased among the completed construction areas of commercial housing available for sale or lease at the end of the reporting period, including the area of housing completed in the previous year and the current period, but excluding the area of housing that cannot be sold or leased, such as demolition and reconstruction, unified construction agency, public supporting buildings, self-use of real estate companies and revolving houses that have been completed in the reporting period.

 

The sources of funds for real estate development enterprises in the year: refers to various currencies and sources of real estate development funds actually available by the real estate development enterprises in the reporting period. Specifically, it includes domestic loans, foreign investment, self-raised funds and other funds. The index is cumulative data.

 

Floor space of buildings under construction: refers to the total floor space of all buildings by the real estate development enterprises during the reference time. Including floor space newly started in current year, floor space of continued construction of the building from the former period, floor space of stopped or postponed in the previous period but recovered in current year, floor space completed during current year, and newly started floor space in current year but postponed. Floor space under construction of multi-story buildings refers to the total floor space of all stories.

 

Floor space of houses newly started: refers to floor space of houses newly started by the real estate development enterprises during the reference time, the unit project as the accounting object. Not including continued construction area of housing which started in the previous period, and restarted construction area in the current year but stopped or postponed in the previous period. Specific due date is subject to starts to housing officially began ground-breaking gouge (ground treatment or permanent piles). Floor space of houses newly started refers to the entire floor spaces of whole building; the calculation cannot be separated.

 

Floor space of buildings completed: refers to housing construction during the reporting period have been completed in accordance with design requirements, achieved to living and conditions of use, acceptance of accreditation standards or to the final acceptance, total building areas could formally hand over to be used.

 

Land acquisition area: refers to land area by the real estate development enterprises in the year through various ways to obtain land.

 

Value of land transactions: refers to final amount of transactions of land use rights by the real estate development enterprises. In the primary land market, refers to the final section of land allocation, "auction" price and sale price; the secondary land market, refers to the finalize the contract price on land transfer, lease, mortgage, etc. Price of land transactions and land acquisition area are the same scope, December calculate the average purchase price of land.

 

2. Statistics Coverage

 

All real estate development and corporate business units.

 

3. Survey Methods

 

Collected monthly with complete enumeration (no report in January).

 

4. Brief Description on National Real Estate Climate Index

 

The national real estate climate index follows the theory of economic cycle fluctuation, based on the business cycle theory and business cycle analysis, using time series, multivariate statistics, econometric analysis, taking real estate development and investment as the benchmarks, selecting related indicators such as real estate investment, capital, area, sales, excluding the impact of seasonal factors, including random factors, compiled by adopting the growth rate cycles method. The historical data will be revised monthly according to the newly added data. National real estate index selected year 2012 as the base year, and its growth rate was set at 100. Typically, the most appropriate level of national real estate climate index is 100, the moderate level is between 95 and 105, the lower level is below 95, and the higher level is above 105.

 

5. Division on Eastern, Central, Western and Northeastern Regions

 

Eastern region includes Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning, Jilin, and Heilongjiang.

 

Annex
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