National Real Estate Development and Sales in the Five Months of 2016
National Bureau of Statistics of China2016-06-13 16:57




1. The completion of real estate investment

 

The total investment in real estate development in the first five months of 2016 was 3,456.4 billion yuan, a nominal increase of 7.0percent year-on-year, and the growth rate went down by 0.2 percentage points over the first four months;. Of which, the investment in residential buildings was 2,311.8 billion yuan, up by6.8 percent, 0.4 percentage points higher, and accounted for 66.9 percent of real estate development investment.

 

 

 

In the first five months, the real estate investment in eastern region stood at 2,011.8 billion yuan, up by 6.0 percent year-on-year, and the growth rate went up by 0.2 percentage points over the first four months; the central region stood at 704.4 billion yuan, went up by 11.6 percent, and the growth rate was down by 0.7 percentage point over the first four months of 2016; western region stood at 740.2 billion yuan, up by 5.8 percent, went down by 0.8 percentage points.

 

In the first five months, the floor space under construction by the real estate development enterprises accounted for 6,513.38 million square meters, up by 5.6 percent year-on-year, the growth rate was down by 0.2 percentage point over the first four months of 2016. Of which, the floor space of residential building construction area was4,464.36 million square meters, up by 3.7 percent. The floor space started this year was 595.22 millions square meters, up by 18.3 percent, down by 3.1 percentage points over the first four months of 2016.The floor space of residential buildings started in the year amounted to 407.67 million square meters, up by 16.2 percent. The floor space of buildings completed stood at 320.28 million square meters, went up by 20.4 percent, wentup by 0.3 percentage points over the first four months of 2016. Of which, the floor space completed of residential buildings stood at 234.38 million square meters, went up by 19.6 percent.

 

In the first five months, the land area purchased by the real estate development enterprises totaled 71.96million square meters, a year-on-year decrease of 5.9 percent, and the pace of decrease narrowed by 0.6 percentage points over the first four months. The total transaction of land reached 229.5 billion yuan, increased 4.7 percent, and that of the first four months of 2016was down by 0.2 percent.

 

 

 

2. Sales of Commercial Buildings

 

In the first five months, the floor space of commercial buildings sold stood at 479.54million square meters, a year-on-year increase of 33.2 percent,and was down by 3.3 percentage points over the first four months of 2016.Of the total, the floor space of residential buildings increased 34.2 percent, office building increased 44.0 percent, and buildings for business use increased 18.1 percent. The sales of commercial buildings amounted to 3,677.5 billion yuan, anincrease of 50.7 percent, the rate of growth went down by5.2 percentage points. Specifically, the sales of residential buildings went up by 53.4 percent, office buildings up by 72.8 percent, buildings for commercial business increased 21.2 percent.

 

 

 

In the first five months, the sale of floor space of commercial buildings in eastern region amounted to 2416.9 million square meters, a year-on-year increase of 40.4 percent, and was down by 6.8 percentage points over the first four months of 2016.The amount of sales stood at 2407.8 billion yuan, went up by 62.9 percent, the rate of growth narrowed 9.4 percentage. The sale of floor space of commercial buildings in central region amounted to 123.45 million square meters, increased 33.2percent, and the pace of increase narrowed by 0.2 percentage points. The amount of sales stood at 680.4billion yuan, increased 43.8 percent, and the pace of increase expanded by 1.1 percentage points. The sale of floor space of commercial buildings in western region amounted to 114.40million square meters, anincrease of 20.3 percent, the growth rate was down by 0.2 percentage points. The amount of sales stood at 589.4 billion yuan, went up by 20.4 percent, while that in the first four months was up by 0.1 percentage point.

 

At the end of May, the floor space of commercial housing for sale reached 721.69 million square meters, decreased 5.21million square meters compared with that at the end of April. Of which, the residential buildings for sale decreased  7.21million square meters, office buildings increased 0.07 million square meters, buildings for business use went up by 1.05million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first five months, the sources of funds for real estate development enterprises reached 5,368.1 billion yuan,up by 16.8percent year-on-year, stayed the same level asthe first four months. Specifically, the domestic loans stood at 894.5billion yuan, increased 2.3 percent, foreign investment stood at 4.2 billion yuan, a decrease of 72.1 percent, self-raising funds stood at 1,864.3billion yuan, up by 1.4 percent, and other sources stood at 2,605.1 billion yuan, up by39.4 percent. Among the other sources of funds, deposits and advance payments totaled 1,484.0 billion yuan, increased 35.2percent, personal mortgage loans totaled 883.8billion yuan, up by 58.5 percent.

 

 

4. National Real Estate Climate Index

 

In May, the national real estate climate index was 94.48, increased 0.07 points month-on-month.

 

Investment in Real Estate Development for January-May

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

34564

7.0

  Of which: Residential Buildings

23118

6.8

      Office Buildings

2256

12.8

      Buildings for Commercial Business

5361

8.2

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

651338

5.6

  Of which: Residential Buildings

446436

3.7

      Office Buildings

30858

12.2

      Buildings for Commercial Business

90625

9.5

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

59522

18.3

  Of which: Residential Buildings

40767

16.2

      Office Buildings

2441

21.0

      Buildings for Commercial Business

8191

12.2

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

32028

20.4

  Of which: Residential Buildings

23438

19.6

      Office Buildings

1052

17.7

      Buildings for Commercial Business

3817

18.7

 Land Acquisition Area (10,000 sq.m)

7196

-5.9

 Value of Land Transactions (100 million yuan)

2295

4.7

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

47954

33.2

  Of which: Residential Buildings

42872

34.2

      Office Buildings

1068

44.0

      Buildings for Business Use

2757

18.1

 Sales of Commercial Buildings (100 million yuan)

36775

50.7

  Of which: Residential Buildings

31800

53.4

      Office Buildings

1542

72.8

      Buildings for Commercial Business

2794

21.2

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

72169

9.9

  Of which: Residential Buildings

44369

3.1

      Office Buildings

3442

16.8

      Buildings for Commercial Business

15219

23.7

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

53681

16.8

  Of which: Domestic Loans

8945

2.3

      Foreign Investment

42

-72.1

      Self-raising Funds

18643

1.4

      Other Sources of Funds

26051

39.4

      Deposits and Advance Payments

14840

35.2

      Personal Mortgage

8838

58.5

 

 

 

 

 

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

34564

23118

7.0

6.8

Eastern

20118

13517

6.0

6.7

Central

7044

4937

11.6

12.6

Western

7402

4664

5.8

1.7

 

 

 

 

 

 

 

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

(10,000 Sq.m)

Growth Rate Y/Y (%)

Absolute

Value

(100 million yuan)

Growth Rate Y/Y (%)

 

 

 

 

 

National Total

47954

33.2

36775

50.7

Eastern

24169

40.4

24078

62.9

Central

12345

33.2

6804

43.8

Western

11440

20.3

5894

20.4

 

 

 

 

 

 

 

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-May, 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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