National Real Estate Development and Sales in the Three Months of 2016
National Bureau of Statistics of China2016-04-18 16:39




1. The completion of real estate investment

 

The total investment in real estate development in the first three months of 2016 was 1767.7 billion yuan, a nominal increase of 6.2percent year-on-year(the real growth rate was 9.1 percent after deducting the price factor), 3.2 percentage points higher over the last year. Of which, the investment in residential buildings was 1167.0 billion yuan, up by 4.6 percent, 2.8 percentage points higher, and accounted for 66.0 percent of real estate development investment.

 

 

 

In the first three months, the real estate investment in eastern region stood at 1053.9 billion yuan, up by 5.4 percent year-on-year, and the growth rate went up by 1.7 percentage points over the first twomonths; the central region stood at 341.1 billion yuan, went up by 9.5 percent, and up by 5.2 percentage points; western region stood at 372.6 billion yuan, up by 5.5 percent, while in the first two months was down by 0.1 percent.

 

In the first three months, the floor space under construction by the real estate development enterprises accounted for 6,179.75 million square meters, up by 5.8 percent year-on-year, the growth rate was down by 0.1 percentage point over the first two months of 2016. Of which, the floor space of residential building construction area was4,240.41 million square meters, up by 4.0 percent. The floor space started this year was 282.81 millions square meters, up by 19.2 percent, up by 5.5 percentage points over the first two months of 2016.The floor space of residential buildings started in the year amounted to 192.71 million square meters, up by 14.8 percent. The floor space of buildings completed stood at 200.01 million square meters, went up by 17.7 percent, and was down by 11.2 percentover the first two months of 2016. Of which, the floor space completed of residential buildings stood at 145.09 million square meters, went up by 17.1 percent.

 

In the first three months, the land area purchased by the real estate development enterprises totaled 35.77 million square meters, a year-on-year decrease of 11.7 percent, and the pace of decrease narrowed by 7.7 percentage points over the first four months. The total transaction of land reached 116.5 billion yuan, increased 3.7 percent, and was up by 2.8 percentage points over the first two months of 2016.

 

 

 

2. Sales of Commercial Buildings

 

In the first three months, the floor space of commercial buildings sold stood at 242.99million square meters, a year-on-year increase of 33.1 percent,and was up by 4.9 percentage points over the first two months of 2016.Of the total, the floor space of residential buildings increased 35.6 percent, office building increased 34.4 percent, and buildings for business use increased 8.5 percent. The sales of commercial buildings amounted to 185.24 billion yuan, anincrease of 54.1 percent, the rate of growth rose 10.5 percentage points. Specifically, the sales of residential buildings went up by 60.3 percent, office buildings up by 69.4 percent, buildings for commercial business increased 8.2 percent.

 

 

In the first three months, the sale of floor space of commercial buildings in eastern region amounted to 123.15 million square meters, a year-on-year increase of 44.2 percent,and was up by 8.7 percentage points over the first two months of 2016.The amount of sales stood at 1230.0 billion yuan, went up by 72.8 percent, the rate of growth expanded 15.1 percentage. The sale of floor space of commercial buildings in central region amounted to 60.10 million square meters, increased 26.7 percent, and the pace of increase narrowed by 0.1 percentage points. The amount of sales stood at 319.2billion yuan, increased 34.3 percent, and the pace of increase expanded by 3.9 percentage points. The sale of floor space of commercial buildings in western region amounted to 59.74million square meters, anincrease of 20.2 percent, the growth rate was up by 3.7 percentage points. The amount of sales stood at 303.2 billion yuan, went up by 20.0 percent, while that in the first two months was up by 6.2 percent.

 

At the end of March, the floor space of commercial housing for sale reached 735.16 million square meters, decreased 4.15million square meters compared with that at the end of February. Of which, the residential buildings for sale decreased  6.52million square meters, office buildings decreased 0.4 million square meters, buildings for business use went up by 1.17million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first three months, the sources of funds for real estate development enterprises reached 3199.2 billion yuan,up by 14.7 percent year-on-year, that of the first two months was down by 1.0 percent. Specifically, the domestic loans stood at 622.6 billion yuan, increased 6.5 percent, foreign investment stood at 1.8 billion yuan, a decrease of 80.6 percent, self-raising funds stood at 1174.0billion yuan, up by 4.7 percent, and other sources stood at 1400.7billion yuan, up by30.4 percent. Among the other sources of funds, deposits and advance payments totaled 788.2 billion yuan, increased 25.9 percent, personal mortgage loans totaled 467.0 billion yuan, up by 46.2percent.

 

 

4. National Real Estate Climate Index

 

In March, the national real estate climate index was 94.18, increased 0.51 points month-on-month.

 

Investment in Real Estate Development for January-March

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

17677

6.2

  Of which: Residential Buildings

11670

4.6

      Office Buildings

1242

14.2

      Buildings for Commercial Business

2712

7.1

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

617975

5.8

  Of which: Residential Buildings

424041

4.0

      Office Buildings

29614

13.4

      Buildings for Commercial Business

85649

10.0

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

28281

19.2

  Of which: Residential Buildings

19271

14.8

      Office Buildings

1395

48.6

      Buildings for Commercial Business

3743

12.5

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

20001

17.7

  Of which: Residential Buildings

14509

17.1

      Office Buildings

728

5.8

      Buildings for Commercial Business

2351

14.8

 Land Acquisition Area (10,000 sq.m)

3577

-11.7

 Value of Land Transactions (100 million yuan)

1165

3.7

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

24299

33.1

  Of which: Residential Buildings

21800

35.6

      Office Buildings

508

34.4

      Buildings for Business Use

1360

8.5

 Sales of Commercial Buildings (100 million yuan)

18524

54.1

  Of which: Residential Buildings

16133

60.3

      Office Buildings

716

69.4

      Buildings for Commercial Business

1370

8.2

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

73516

13.1

  Of which: Residential Buildings

45983

7.4

      Office Buildings

3395

19.0

      Buildings for Commercial Business

15075

24.8

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

31992

14.7

  Of which: Domestic Loans

6226

6.5

      Foreign Investment

18

-80.6

      Self-raising Funds

11740

4.7

      Other Sources of Funds

14007

30.4

      Deposits and Advance Payments

7882

25.9

      Personal Mortgage

4670

46.2

 

 

 

 

 

Real Estate Investment in Eastern,

Central and Western Regions for January-March

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

17677

11670

6.2

4.6

Eastern

10539

6984

5.4

5.0

Central

3411

2366

9.5

9.3

Western

3726

2320

5.5

-1.0

 

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,

Central and Western Regions for January-March

 

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

24299

33.1

18524

54.1

Eastern

12315

44.2

12300

72.8

Central

6010

26.7

3192

34.3

Western

5974

20.2

3032

20.0

 

 

 

 

 

 

 

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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