National Real Estate Development and Sales in the First Seven Months of 2016
National Bureau of Statistics of China2016-08-17 13:35




1. The completion of real estate investment

 

The total investment in real estate development in the first seven months of 2016 was 5,536.1 billion yuan, a nominal increase of 5.3percent year-on-year, and the growth rate went down by 0.8 percentage points over the first six months;. Of which, the investment in residential buildings was 3,698.1 billion yuan, up by4.5 percent, 1.1 percentage points lower, and accounted for 66.8 percent of real estate development investment.

 

 

 

In the first seven months, the real estate investment in eastern region stood at 3,120.1 billion yuan, up by 3.4 percent year-on-year, and the growth rate went down by 1.2 percentage points over the first sixmonths; the central region stood at 1,188.1 billion yuan, went up by 10.2 percent, and the growth rate was up by 0.2 percentage point over the first six months of 2016; western region stood at 1,227.9 billion yuan, up by 5.9 percent, went down by 0.6 percentage points.

 

In the first seven months, the floor space under construction by the real estate development enterprises accounted for 6,856.06 million square meters, the growth rate was up by 0.2 percentage point over the first six months of 2016. Of which, the floor space of residential building construction area was4,701.42 million square meters, up by 3.1percent. The floor space started this year was 929.44millions square meters, up by 13.7 percent, down by 1.2 percentage points over the first six months of 2016.The floor space of residential buildings started in the year amounted to 641.02 million square meters, up by 13.1 percent. The floor space of buildings completed stood at 459.04 million square meters, went up by 21.3 percent, wentup by 1.3percentage points over the first six months of 2016. Of which, the floor space completed of residential buildings stood at 337.82 million square meters, went up by 20.3 percent.

 

In the first seven months, the land area purchased by the real estate development enterprises totaled 111.67million square meters,was down by 7.8 percent year-on-year, and the pace of decrease expanded by 4.8 percentage points over the first six months. The total transaction of land reached 384.8 billion yuan, increased 7.1 percent, and the pace of increase went down 3.1 percentage points over the first six months.

 

 

 

2. Sales of Commercial Buildings

 

In the first seven months, the floor space of commercial buildings sold stood at 757.60million square meters, and was down by 1.5 percentage points over the first six months of 2016.Of the total, the floor space of residential buildings increased 26.7 percent, office building increased 41.3 percent, and buildings for business use increased 15.5 percent. The sales of commercial buildings amounted to 5,756.9 billion yuan, anincrease of 39.8 percent, the rate of growth went down by2.3 percentage points. Specifically, the sales of residential buildings went up by 41.2 percent, office buildings up by 65.3 percent, buildings for commercial business increased 17.6 percent.

 

 

 

 

In the first seven months, the sale of floor space of commercial buildings in eastern region amounted to 371.96million square meters, a year-on-year increase of 29.6 percent, and was down by 2.5 percentage points over the first six months of 2016.The amount of sales stood at 3,699.2 billion yuan, went up by 47.1 percent, the rate of growth narrowed 3.7 percentage. The sale of floor space of commercial buildings in central region amounted to 205.04 million square meters, increased 30.6percent, and the pace of increase went downby 0.1 percentage points. The amount of sales stood at 1,129.6billion yuan, increased 40.2percent, and the pace of increase expanded by 0.6 percentage points. The sale of floor space of commercial buildings in western region amounted to 180.60million square meters, anincrease of 16.5 percent, the growth rate was down by 1.1 percentage points. The amount of sales stood at 928.1 billion yuan, went up by 16.5percent, the growth rate wentdown by 1.3 percentage points.

 

At the end of July, the floor space of commercial housing for sale reached 713.82 million square meters, decreased 0.34million square meters compared with that at the end of June. Of which, the residential buildings for sale decreased  4.15million square meters, office buildings increased 0.26 million square meters, buildings for business use went up by 1.96million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first seven months, the sources of funds for real estate development enterprises reached 7,988.1 billion yuan,up by 15.3percent year-on-year, down by 0.3 percentage pointsover the first six months of 2016. Specifically, the domestic loans stood at 1,260.5billion yuan, increased 0.7 percent, foreign investment stood at 9.3billion yuan, a decrease of 49.8 percent, self-raising funds stood at 2,787.7billion yuan, up by 0.4 percent, and other sources stood at 3,930.7 billion yuan, up by36.3 percent. Among the other sources of funds, deposits and advance payments totaled 2,232.1 billion yuan, increased 31.6 percent, personal mortgage loans totaled 1,330.5billion yuan, up by 54.6 percent.

 

 

 

4. National Real Estate Climate Index

 

In July, the national real estate climate index was 94.01, decreased 0.39 points month-on-month.

 

Investment in Real Estate Development for January-July

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

55361

5.3

  Of which: Residential Buildings

36981

4.5

      Office Buildings

3541

8.5

      Buildings for Commercial Business

8573

6.9

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

685606

4.8

  Of which: Residential Buildings

470142

3.1

      Office Buildings

32246

10.7

      Buildings for Commercial Business

95075

7.7

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

92944

13.7

  Of which: Residential Buildings

64102

13.1

      Office Buildings

3815

15.8

      Buildings for Commercial Business

12573

4.1

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

45904

21.3

  Of which: Residential Buildings

33782

20.3

      Office Buildings

1297

0.3

      Buildings for Commercial Business

5518

21.9

 Land Acquisition Area (10,000 sq.m)

11167

-7.8

 Value of Land Transactions (100 million yuan)

3848

7.1

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

75760

26.4

  Of which: Residential Buildings

67153

26.7

      Office Buildings

1795

41.3

      Buildings for Business Use

4612

15.5

 Sales of Commercial Buildings (100 million yuan)

57569

39.8

  Of which: Residential Buildings

49273

41.2

      Office Buildings

2622

65.3

      Buildings for Commercial Business

4580

17.6

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

71382

7.7

  Of which: Residential Buildings

43183

0.3

      Office Buildings

3383

9.8

      Buildings for Commercial Business

15459

23.3

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

79881

15.3

  Of which: Domestic Loans

12605

0.7

      Foreign Investment

93

-49.8

      Self-raising Funds

27877

0.4

      Other Sources of Funds

39307

36.3

      Deposits and Advance Payments

22321

31.6

      Personal Mortgage

13305

54.6

 

 

 

 

Real Estate Investment in Eastern,

Central and Western Regions for January-July

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

55361

36981

5.3

4.5

Eastern

31201

20934

3.4

3.4

Central

11881

8290

10.2

10.4

Western

12279

7757

5.9

1.8

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,

Central and Western Regions for January-July

 

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

75760

26.4

57569

39.8

Eastern

37196

29.6

36992

47.1

Central

20504

30.6

11296

40.2

Western

18060

16.5

9281

16.5

 

 

 

 

 

 

 

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-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 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-July, January-July 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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