National Real Estate Development and Sales in the First Eleven Months of 2016
National Bureau of Statistics of China2016-12-14 14:53




1. The completion of real estate investment

 

The total investment in real estate development in the first eleven months of 2016 was 9,338.7billion yuan, a nominal increase of 6.5 percent year-on-year, the growth rate went down by 0.1 percentage points over the first ten months. Of which, the investment in residential buildings was 6,258.8 billion yuan, up by6.0 percent, 0.1 percentage points higher, and accounted for 67.0 percent of real estate development investment.

 

 

 

In the first eleven months, the real estate investment in eastern region stood at 5,130.7 billion yuan, up by 5.2 percent year-on-year, and the growth rate went up by 0.2 percentage points over the first ten months; the central region stood at 2,100.1 billion yuan, went up by 10.6percent, and the growth rate was down by 0.5 percentage point over the first ten months of 2016; western region stood at 2,108.0 billion yuan, up by 5.8 percent, down by 0,3 percentage points over the first ten months of 2016.

 

In the first eleven months, the floor space under construction by the real estate development enterprises accounted for 7,451.22 million square meters, a year-on-year increase of 2.9 percent, the growth rate was down by 0.4 percentage point over the first ten months of 2016. Of which, the floor space of residential building construction area was5,114.16 million square meters, up by 1.6percent. The floor space started this year was 1,513.03millions square meters, up by 7.6 percent, down by 0.5 percentage points over the first ten months of 2016.The floor space of residential buildings started in the year amounted to 1,047.76 million square meters, up by 7.9 percent. The floor space of buildings completed stood at 770.37million square meters, went up by 6.4 percent, went down by 0.2percentage points over the first ten months of 2016. Of which, the floor space completed of residential buildings stood at 563.79million square meters, went up by 5.3 percent.

 

In the first eleven months, the land area purchased by the real estate development enterprises totaled 190.46million square meters, was down by 4.3percent year-on-year, and the pace of decrease narrowed by 1.2 percentage points over the first ten months. The total transaction of land reached 777.7 billion yuan, increased 21.4 percent, and the pace of increase went up 4.7 percentage points over the first ten months.

 

 

 

2. Sales of Commercial Buildings

 

In the first eleven months, the floor space of commercial buildings sold stood at 1,358.29million square meters, a year-on-year increase of 24.3 percent, and was down by 2.5 percentage points over the first ten months of 2016.Of the total, the floor space of residential buildings increased 24.5 percent, office building increased 31.4 percent, and buildings for business use increased 17.5 percent. The sales of commercial buildings amounted to 10,250.3 billion yuan, an increase of 37.5 percent, the rate of growth went down by3.7 percentage points. Specifically, the sales of residential buildings went up by 39.3percent, office buildings was up by 46.5 percent, buildings for commercial business increased 20.1 percent.

 

 

 

In the first eleven months, the sale of floor space of commercial buildings in eastern region amounted to 639.52million square meters, a year-on-year increase of 25.5 percent, and was down by 3.3 percentage points over the first ten months of 2016. The amount of sales stood at 6,377.7 billion yuan, went up by 42.3 percent, the rate of growth narrowed4.7percentage points. The sale of floor space of commercial buildings in central region amounted to 384.70 million square meters, increased 30.7percent, and the pace of increase went down by 2.4 percentage point. The amount of sales stood at 2,127.1 billion yuan, increased 42.0percent, and the pace of increase narrowed by 3.4 percentage points. The sale of floor space of commercial buildings in western region amounted to 334.07million square meters, an increase of 15.8 percent, the growth rate was down by 0.9percentage points. The amount of sales stood at 174.54 billion yuan, went up by 18.6percent, the growth rate went down by 0.4 percentage points.

 

At the end of November, the floor space of commercial housing for sale reached 690.95 million square meters, decreased 4.27million square meters compared with that at the end of October. Of which, the residential buildings for sale decreased 5.82million square meters, office buildings increased 0.57 million square meters, buildings for business use went up by 0.32 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first eleven months, the sources of funds for real estate development enterprises reached 12,948.4 billion yuan, up by 15.0percent year-on-year, narrowed 0.5 percentage points over the first ten months of 2016. Specifically, the domestic loans stood at 1,919.9billion yuan, increased 3.1 percent, foreign investment stood at 13.2billion yuan, a decrease of 49.0 percent, self-raising funds stood at 4,477.2billion yuan, up by 0.3 percent, and other sources stood at 6,538.1 billion yuan, up by 33.4 percent. Among the other sources of funds, deposits and advance payments totaled 3,724.6 billion yuan, increased 30.5 percent, personal mortgage loans totaled 2,197.0billion yuan, up by 49.3 percent.

 

 

 

4. National Real Estate Climate Index

 

In November, the national real estate climate index was 94.04, increased 0.06 points month-on-month.

 

Investment in Real Estate Development for January-November

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

93387

6.5

  Of which: Residential Buildings

62588

6.0

      Office Buildings

5934

5.0

      Buildings for Commercial Business

14377

7.7

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

745122

2.9

  Of which: Residential Buildings

511416

1.6

      Office Buildings

34530

6.4

      Buildings for Commercial Business

103031

4.3

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

151303

7.6

  Of which: Residential Buildings

104776

7.9

      Office Buildings

5914

0.9

      Buildings for Commercial Business

20399

-1.5

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

77037

6.4

  Of which: Residential Buildings

56379

5.3

      Office Buildings

2343

-1.5

      Buildings for Commercial Business

9315

4.1

 Land Acquisition Area (10,000 sq.m)

19046

-4.3

 Value of Land Transactions (100 million yuan)

7777

21.4

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

135829

24.3

  Of which: Residential Buildings

119563

24.5

      Office Buildings

3199

31.4

      Buildings for Business Use

8942

17.5

 Sales of Commercial Buildings (100 million yuan)

102503

37.5

  Of which: Residential Buildings

87121

39.3

      Office Buildings

4592

46.5

      Buildings for Commercial Business

8781

20.1

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

69095

-0.8

  Of which: Residential Buildings

40457

-8.2

      Office Buildings

3436

9.1

      Buildings for Commercial Business

15604

9.8

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

129484

15.0

  Of which: Domestic Loans

19199

3.1

      Foreign Investment

132

-49.0

      Self-raising Funds

44772

0.3

      Other Sources of Funds

65381

33.4

      Deposits and Advance Payments

37246

30.5

      Personal Mortgage

21970

49.3

 

 

 

 

 

Real Estate Investment in Eastern,

Central and Western Regions for January-November

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

93387

62588

6.5

6.0

Eastern

51307

34690

5.2

6.0

Central

21001

14613

10.6

9.9

Western

21080

13285

5.8

1.8

 

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,

Central and Western Regions for January-November

 

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

135829

24.3

102503

37.5

Eastern

63952

25.5

63777

42.3

Central

38470

30.7

21271

42.0

Western

33407

15.8

17454

18.6

 

 

 

 

 

 

 

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-November, January-November January-November, and January-December was calculated on computable real growth rate, the other months only calculated the nominal growth rate.

 

 

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