National Real Estate Development and Sales in 2013
National Bureau of Statistics of China2014-01-20 16:22




 

1. The completion of real estate investment

 

The total investment in real estate development in 2013 was 8,601.3 billion yuan, up by 19.8 percent year-on-year in nominal term (the actual growth of 19.4 percent after deducting price factors), 0.3 percentage points lower than that in the first eleven months, promoted 3.6 percentage points year-on-year. Of which, the investment in residential buildings was 5,895.1 billion yuan, up by 19.4 percent, 0.3 percentage points lower than that in the first eleven months, and accounted for 68.5 percent of real estate development investment.

 

 

 

In 2013, the real estate investment in eastern region stood at 4,797.2 billion yuan, up by 18.3 percent year-on-year, the growth rate down by 1.0 percentage points over that in the first eleven months; the central region stood at 1,904.5 billion yuan, went up by 20.8 percent, and down by 0.9 percentage point; western region stood at 1,899.7 billion yuan, up by 22.6 percent, and a decrease of 0.5 percentage points.

 

In 2013, the floor space under construction by the real estate development enterprises accounted for 6,655.72 million square meters, up by 16.1 percent year-on-year, remained at the same level over that in the first eleven months. Of which, the floor space of residential building construction area was 4,863.47 million square meters, up by 13.4 percent. The floor space started this year was 2,012.08 millions square meters, up by 13.5 percent, up by 2.0 percentage points. Specifically, the floor space of residential buildings started in the year amounted to 1,458.45 million square meters, up by 11.6 percent. The floor space of buildings completed stood at 1,014.35 million square meters, went up by 2.0 percent, decreased 0.5 percentage points, of which, the floor space completed of residential buildings stood at 787.41 million square meters, went down by 0.4 percents.

 

In 2013, the land area purchased by the real estate development enterprises totaled 388.14 million square meters, a year-on-year increase of 8.8 percent, and decreased 1.1 percentage points over the first eleven months. The total transaction of land reached 991.8 billion yuan, increased 33.9 percent, the growth rate increased 2.4 percentage points.

 

 

 

2. Sales of Commercial Buildings

 

In 2013, the floor space of commercial buildings sold stood at 1,305.51 million square meters, a year-on-year increase of 17.3 percent, and 3.5 percentage points lower over that in the first eleven months, up by 15.5 percentage points year-on-year. Of the total, the floor space of residential buildings increased 17.5 percent, office building increased 27.9 percent, and buildings for business use increased 9.1 percent. The sales of commercial buildings amounted to 8,142.8 billion yuan, an increase of 26.3 percent, and 4.4 percentage points lower over that in the first eleven months, promoted 16.3 percentage points over that in 2012. Specifically, the sales of residential buildings went up by 26.6 percent, office buildings up by 35.1 percent, buildings for commercial business up by 18.3 percent.

 

 

 

In 2013, the sale of floor space of commercial buildings in eastern region amounted to 634.76 million square meters, a year-on-year increase of 19.3 percent, 2.9 percentage points lower than that in the first eleven months. The amount of sales stood at 4,932.7 billion yuan, went up by 28.4 percent, and decreased 4.7 percentage points. The sale of floor space of commercial buildings in central region amounted to 351.91 million square meters, increased 16.8 percent, a decrease of 5.4 percentage points. The amount of sales stood at 1,652.4 billion yuan, climbed 26.9 percent, a decrease of 4.9 percentage points. The sale of floor space of commercial buildings in western region amounted to 318.83 million square meters, an increase of 14.1 percent, went down by 2.6 percentage points. The amount of sales stood at 1,557.6 billion yuan, went up by 19.6 percent, a decrease of 3.0 percentage points.

 

At the end of 2013, the floor space of commercial housing for sale reached 492.95 million square meters, increased 24.89 million square meters compared with that at the end of November, increased 128.35 million square meters year-on-year. Of which, the residential buildings for sale increased 16.96 million square meters, office buildings increased 1.56 million square meters, buildings for business use climbed 3.46 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In 2013, the sources of funds for real estate development enterprises reached 12,212.2 billion yuan, up by 26.5 percent year-on-year, 1.1 percentage points lower over that in the first eleven months, prompted 13.8 percentage points year-on-year. Specifically, the domestic loans stood at 1,967.3 billion yuan, increased 33.1 percent, foreign investment stood at 53.4 billion yuan, up by 32.8 percent, self-raising funds stood at 4,742.5 billion yuan, up by 21.3 percent, and other sources stood at 5,449.1 billion yuan, up by 28.9 percent. Among the other sources of funds, deposits and advance payments totaled 3,449.9 billion yuan, surged 29.9 percent, personal mortgage loans totaled 1,403.3 billion yuan, ballooned 33.3 percent.

 

 

 

4. National Real Estate Climate Index

 

In December, the national real estate climate index was 97.21, increased 0.83 point over that in November.

 

Investment in Real Estate Development in 2013

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

86013

19.8

  Of which: Residential Buildings

58951

19.4

      Office Buildings

4652

38.2

      Buildings for Commercial Business

11945

28.3

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

665572

16.1

  Of which: Residential Buildings

486347

13.4

      Office Buildings

24577

26.5

      Buildings for Commercial Business

80627

22.5

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

201208

13.5

  Of which: Residential Buildings

145845

11.6

      Office Buildings

6887

15.0

      Buildings for Commercial Business

25902

17.7

 Land Acquisition Area (10,000 sq.m)

38814

8.8

 Value of Land Transactions (100 million yuan)

9918

33.9

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

101435

2.0

  Of which: Residential Buildings

78741

-0.4

      Office Buildings

2789

20.5

      Buildings for Commercial Business

10852

6.1

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

130551

17.3

  Of which: Residential Buildings

115723

17.5

      Office Buildings

2883

27.9

      Buildings for Business Use

8469

9.1

 Sales of Commercial Buildings (100 million yuan)

81428

26.3

  Of which: Residential Buildings

67695

26.6

      Office Buildings

3747

35.1

      Buildings for Commercial Business

8280

18.3

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

49295

35.2

  Of which: Residential Buildings

32403

37.2

      Office Buildings

1954

25.7

      Buildings for Commercial Business

9345

31.1

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

122122

26.5

  Of which: Domestic Loans

19673

33.1

      Foreign Investment

534

32.8

      Self-raising Funds

47425

21.3

      Other Sources of Funds

54491

28.9

      Deposits and Advance Payments

34499

29.9

      Personal Mortgage

14033

33.3

 

 

 

 

 

Real Estate Investment in Eastern,

Central and Western Regions in 2013

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

86013

58951

19.8

19.4

Eastern

47972

32697

18.3

18.3

Central

19045

13265

20.8

19.9

Western

18997

12989

22.6

21.8

 

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,

Central and Western Regions in 2013

 

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

130551

17.3

81428

26.3

Eastern

63476

19.3

49327

28.4

Central

35191

16.8

16524

26.9

Western

31883

14.1

15576

19.6

 

 

 

 

 

 

 

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.

 

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-storey 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 e 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 can not 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 handed 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

 

National real estate climate index fluctuations follow by the economic cycle theory, according to the business cycle theory and business cycle analysis, based on the use of time series, multivariate statistical, econometric analysis, use the real estate development and investment as the benchmarks, selected related indicators such as real estate investment, capital, area, sales, conducted by the seasonal factors and random factors, adopting the growth rate cycle method. National real estate index selected year 2000 as the base year, its growth rate 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 and Western Regions

 

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

 

6. Calculation on Growth Rate

 

The growth rate of real estate investment is nominal growth rate, due to the investment in fixed assets price index was calculated on quarterly, in addition to the January-March, January-June, January-September, and January-December was calculated on computable real growth rate, the other months only calculated the nominal growth rate.

 

 

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