National Real Estate Development and Sales in the First Nine Months of 2016
National Bureau of Statistics of China2016-10-20 16:23




 

1. The completion of real estate investment

 

The total investment in real estate development in the first nine months of 2016 was 7,459.8 billion yuan, a nominal increase of 5.8 percent year-on-year (the real growth rate was 7.1 percent.), and the growth rate went up by 0.4 percentage points over the first eight months;. Of which, the investment in residential buildings was 4,993.1 billion yuan, up by5.1 percent, 0.3 percentage points higher, and accounted for 66.9 percent of real estate development investment.

 

 

 

In the first nine months, the real estate investment in eastern region stood at 4,130.3 billion yuan, up by 3.6 percent year-on-year, and the growth rate went up by 0.3 percentage points over the first eight months; the central region stood at 1,649.3 billion yuan, went up by 10.9percent, and the growth rate was up by 0.2 percentage point over the first eight months of 2016; western region stood at 1,680.2 billion yuan, up by 6.3 percent, up by 0,4 percentage points over the first eight months of 2016.

 

In the first nine months, the floor space under construction by the real estate development enterprises accounted for 7,160.29 million square meters, a year-on-year increase of 3.2 percent, the growth rate was down by 1.4 percentage point over the first eight months of 2016. Of which, the floor space of residential building construction area was4,910.31 million square meters, up by 1.7percent. The floor space started this year was 1,226.55millions square meters, up by 6.8 percent, down by 5.4 percentage points over the first eight months of 2016.The floor space of residential buildings started in the year amounted to 846.81 million square meters, up by 6.7 percent. The floor space of buildings completed stood at 571.12million square meters, went up by 12.1 percent, went down by 7percentage points over the first eight months of 2016. Of which, the floor space completed of residential buildings stood at 420.68million square meters, went up by 11.3 percent.

 

In the first nine months, the land area purchased by the real estate development enterprises totaled 149.17million square meters, was down by 6.1percent year-on-year, and the pace of decrease narrowed by 2.4 percentage points over the first eight months. The total transaction of land reached 556.9 billion yuan, increased 13.3 percent, and the pace of increase went up5.4 percentage points over the first eight months.

 

 

 

2. Sales of Commercial Buildings

 

In the first nine months, the floor space of commercial buildings sold stood at 1,051.85million square meters, a year-on-year increase of 26.9 percent, and was up by 1.4 percentage points over the first eight months of 2016.Of the total, the floor space of residential buildings increased 27.1 percent, office building increased 33.5 percent, and buildings for business use increased 19.0 percent. The sales of commercial buildings amounted to 8,020.8 billion yuan, an increase of 41.3 percent, the rate of growth went up by2.6 percentage points. Specifically, the sales of residential buildings went up by 43.2percent, office buildings was up by 50.8 percent, buildings for commercial business increased 21.7 percent.

 

 

 

In the first nine months, the sale of floor space of commercial buildings in eastern region amounted to 510.13million square meters, a year-on-year increase of 29.3 percent, and was up by 1.9 percentage points over the first eight months of 2016. The amount of sales stood at 5,108.0 billion yuan, went up by 47.7 percent, the rate of growth expanded 3percentage points. The sale of floor space of commercial buildings in central region amounted to 291.95 million square meters, increased 32.7percent, and the pace of increase went up by 1 percentage point. The amount of sales stood at 1,624.7 billion yuan, increased 44.6percent, and the pace of increase expanded by 2.9 percentage points. The sale of floor space of commercial buildings in western region amounted to 249.76million square meters, an increase of 16.4 percent, the growth rate was up by 0.7percentage points. The amount of sales stood at 128.81 billion yuan, went up by 17.9percent, the growth rate went up by 1.6 percentage points.

 

At the end of September, the floor space of commercial housing for sale reached 696.12 million square meters, decreased 12.58million square meters compared with that at the end of July. Of which, the residential buildings for sale decreased  11.77million square meters, office buildings decreased 0.45 million square meters, buildings for business use went down by 0.45 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first nine months, the sources of funds for real estate development enterprises reached 10,471.1 billion yuan, up by 15.5percent year-on-year, up by 0.7 percentage points over the first eight months of 2016. Specifically, the domestic loans stood at 1,589.5billion yuan, increased 1.2 percent, foreign investment stood at 11.3billion yuan, a decrease of 50.8 percent, self-raising funds stood at 3,657.4billion yuan, up by 0.8 percent, and other sources stood at 5,212.9 billion yuan, up by 35.6 percent. Among the other sources of funds, deposits and advance payments totaled 2,961.8 billion yuan, increased 31.5 percent, personal mortgage loans totaled 1,750.8billion yuan, up by 51.4 percent.

 

 

 

4. National Real Estate Climate Index

 

In September, the national real estate climate index was 94.05, increased 0.35 points month-on-month.

 

Investment in Real Estate Development for January-September

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

74598

5.8

  Of which: Residential Buildings

49931

5.1

      Office Buildings

4722

6.0

      Buildings for Commercial Business

11543

7.3

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

716029

3.2

  Of which: Residential Buildings

491031

1.7

      Office Buildings

33540

8.0

      Buildings for Commercial Business

99287

5.4

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

122655

6.8

  Of which: Residential Buildings

84681

6.7

      Office Buildings

4946

3.9

      Buildings for Commercial Business

16675

-2.3

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

57112

12.1

  Of which: Residential Buildings

42068

11.3

      Office Buildings

1649

-0.8

      Buildings for Commercial Business

6809

9.3

 Land Acquisition Area (10,000 sq.m)

14917

-6.1

 Value of Land Transactions (100 million yuan)

5569

13.3

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

105185

26.9

  Of which: Residential Buildings

93054

27.1

      Office Buildings

2450

33.5

      Buildings for Business Use

6626

19.0

 Sales of Commercial Buildings (100 million yuan)

80208

41.3

  Of which: Residential Buildings

68611

43.2

      Office Buildings

3552

50.8

      Buildings for Commercial Business

6541

21.7

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

69612

4.7

  Of which: Residential Buildings

41367

-2.6

      Office Buildings

3335

11.1

      Buildings for Commercial Business

15468

17.4

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

104711

15.5

  Of which: Domestic Loans

15895

1.2

      Foreign Investment

113

-50.8

      Self-raising Funds

36574

0.8

      Other Sources of Funds

52129

35.6

      Deposits and Advance Payments

29618

31.5

      Personal Mortgage

17508

51.4

 

 

 

 

 

Real Estate Investment in Eastern,

Central and Western Regions for January-September

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

74598

49931

5.8

5.1

Eastern

41303

27874

3.6

4.2

Central

16493

11479

10.9

10.5

Western

16802

10578

6.3

2.0

 

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,

Central and Western Regions for January-September

 

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

105185

26.9

80208

41.3

Eastern

51013

29.3

51080

47.7

Central

29195

32.7

16247

44.6

Western

24976

16.4

12881

17.9

 

 

 

 

 

 

 

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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