National Real Estate Development and Sales in the First Two Months of 2016
Natioanl Bureau of Statistics of China2016-03-16 16:57




1. The completion of real estate investment

 

The total investment in real estate development in the first two months of 2016 was 905.2 billion yuan, a nominal increase of 3.0 percent year-on-year, 2 percentage points higher over the last year. Of which, the investment in residential buildings was 602.8 billion yuan, up by 1.8 percent, 1.4 percentage points higher, and accounted for 66.6 percent of real estate development investment.

 

 

 

In the first two months, the real estate investment in eastern region stood at 553.6 billion yuan, up by 3.7 percent year-on-year, and the growth rate went up by 3.2 percentage points over the first four months; the central region stood at 167.8 billion yuan, went up by 4.3 percent, and up by 2.5 percentage points; western region stood at 183.9 billion yuan, down by 0.1 percent, and that of the previous year was a increase of 1.3 percentage points.

 

In the first two months, the floor space under construction by the real estate development enterprises accounted for 6,035.44 million square meters, up by 5.9 percent year-on-year, increased 4.6 percentage points over the last year. Of which, the floor space of residential building construction area was 4,146.17 million square meters, up by 4.2 percent. The floor space started this year was 156.20 millions square meters, up by 13.7 percent, that of last year was down by 14.0 percent. Specifically, the floor space of residential buildings started in the year amounted to 108.11 million square meters, up by 9.7 percent. The floor space of buildings completed stood at 139.42 million square meters, went up by 28.9 percent, and that of the last year was down by 6.9 percent. Of which, the floor space completed of residential buildings stood at 101.27 million square meters, went up by 29.8 percent.

 

In the first two months, the land area purchased by the real estate development enterprises totaled 22.36 million square meters, a year-on-year decrease of 19.4 percent, and the pace of decrease narrowed by 12.3 percentage points over the first four months. The total transaction of land reached 70.5 billion yuan, increased 0.9 percent, and that of the last year was down by 23.9 percent.

 

 

 

2. Sales of Commercial Buildings

 

In the first two months, the floor space of commercial buildings sold stood at 112.35 million square meters, a year-on-year increase of 28.2 percent, the growth rate was up by 21.7 percentage points over the previous year. Of the total, the floor space of residential buildings increased 30.4 percent, office building increased 11.0 percent, and buildings for business use increased 9.4 percent. The sales of commercial buildings amounted to 857.7 billion yuan, an increase of 43.6 percent, the rate of growth rose 29.2 percentage points. Specifically, the sales of residential buildings went up by 49.2 percent, office buildings up by 29.7 percent, buildings for commercial business increased 7.8 percent.

 

 

 

In the first two months, the sale of floor space of commercial buildings in eastern region amounted to 569.1 million square meters, a year-on-year increase of 35.5 percent, up by 27 percentage points over the last year. The amount of sales stood at 574.2 billion yuan, went up by 57.7 percent, the rate of growth expanded 38.1 percentage. The sale of floor space of commercial buildings in central region amounted to 27.68 million square meters, increased 26.8 percent, and the pace of increase expanded by 20.7 percentage points. The amount of sales stood at 143.9 billion yuan, increased 30.4 percent, and the pace of increase expanded by 20.5 percentage points. The sale of floor space of commercial buildings in western region amounted to 27.75 million square meters, an increase of 16.5 percent, the growth rate was up by 13.1 percentage points. The amount of sales stood at 139.7 billion yuan, went up by 13.8 percent, while that in the first four months was up by 8.8 percent.

 

At the end of February, the floor space of commercial housing for sale reached 739.31 million square meters, increased 20.77 million square meters compared with that at the end of April. Of which, the residential buildings for sale decreased 13.87 million square meters, office buildings increased 1.59 million square meters, buildings for business use went up by 2.94 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first two months, the sources of funds for real estate development enterprises reached 2,139.2 billion yuan, down by 1.0 percent year-on-year, that of the previous year was up by 2.6 percent. Specifically, the domestic loans stood at 447.1 billion yuan, decreased 9.5 percent, foreign investment stood at 1.5 billion yuan, a decrease of 82.8 percent, self-raising funds stood at 833.3 billion yuan, down by 7.6 percent, and other sources stood at 857.3 billion yuan, up by 13.3 percent. Among the other sources of funds, deposits and advance payments totaled 480.6 billion yuan, increased 8.3 percent, personal mortgage loans totaled 281.7 billion yuan, up by 30.4 percent.

 

4. National Real Estate Climate Index

 

In February, the national real estate climate index was 93.67, increased 0.33 points month-on-month.

 

Investment in Real Estate Development for January-February

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

9052

3.0

  Of which: Residential Buildings

6028

1.8

      Office Buildings

658

16.1

      Buildings for Commercial Business

1356

2.7

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

603544

5.9

  Of which: Residential Buildings

414617

4.2

      Office Buildings

28754

13.2

      Buildings for Commercial Business

83632

9.9

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

15620

13.7

  Of which: Residential Buildings

10811

9.7

      Office Buildings

765

54.4

      Buildings for Commercial Business

2052

9.8

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

13942

28.9

  Of which: Residential Buildings

10127

29.8

      Office Buildings

535

6.6

      Buildings for Commercial Business

1588

21.7

 Land Acquisition Area (10,000 sq.m)

2236

-19.4

 Value of Land Transactions (100 million yuan)

705

0.9

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

11235

28.2

  Of which: Residential Buildings

10056

30.4

      Office Buildings

245

11.0

      Buildings for Business Use

642

9.4

 Sales of Commercial Buildings (100 million yuan)

8577

43.6

  Of which: Residential Buildings

7435

49.2

      Office Buildings

325

29.7

      Buildings for Commercial Business

670

7.8

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

73931

15.7

  Of which: Residential Buildings

46635

10.6

      Office Buildings

3435

21.0

      Buildings for Commercial Business

14958

26.5

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

21392

-1.0

  Of which: Domestic Loans

4471

-9.5

      Foreign Investment

15

-82.8

      Self-raising Funds

8333

-7.6

      Other Sources of Funds

8573

13.3

      Deposits and Advance Payments

4806

8.3

      Personal Mortgage

2817

30.4

 

 

 

 

Real Estate Investment in Eastern, Central and Western Regions for January to February

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

9052

6028

3.0

1.8

Eastern

5536

3699

3.7

3.6

Central

1678

1171

4.3

3.6

Western

1838

1158

-0.1

-5.3

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern, Central and Western Regions for January to February

 

Regions

Floor Space of Commercial Buildings Sold

Sales of Commercial Buildings

Absolute

Value

(10,000 Sq.m)

Growth Rate Y/Y (%)

Absolute

Value

(100 million yuan)

Growth Rate Y/Y (%)

 

 

 

 

 

National Total

11235

28.2

8577

43.6

Eastern

5691

35.5

5742

57.7

Central

2768

26.8

1439

30.4

Western

2775

16.5

1397

13.8

 

 

 

 

 

 

 

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 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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