National Real Estate Development and Sales in the First Two Months of 2017
National Bureau of Statistics of China2017-03-15 15:57




1. The completion of real estate investment

 

The total investment in real estate development in the first two months of 2017 was 985.4 billion yuan, a nominal increase of 8.9 percent year-on-year, the growth rate went up by 2 percentage points over the previous year, Of which, the investment in residential buildings was 657.1 billion yuan, up by9.0 percent, 2.6 percentage points higher, and accounted for 66.7 percent of real estate development investment.

 

 

In the first two months, the real estate investment in eastern region stood at 596.6 billion yuan, up by 7.8 percent year-on-year, and the growth rate went up by 2.2 percentage points over the first ten months; the central region stood at 190.7 billion yuan, went up by 13.7percent, and the growth rate was up by 3 percentage points; western region stood at 198.2 billion yuan, up by 7.8 percent, up by 1.6 percentage points.

 

In the first two months, the floor space under construction by the real estate development enterprises accounted for 6,229.50 million square meters, a year-on-year increase of 3.2 percent, the growth rate stayed the same level. Of which, the floor space of residential building construction area was4,231.85 million square meters, up by 2.1percent. The floor space started this year was 172.38millions square meters, up by 10.4 percent, up by 2.3 percentage points.The floor space of residential buildings started in the year amounted to 124.10 million square meters, up by 14.8 percent. The floor space of buildings completed stood at 161.41million square meters, went up by 15.8 percent, wentup by 9.7percentage points. Of which, the floor space completed of residential buildings stood at 116.74million square meters, went up by 15.3 percent.

 

In the first two months, the land area purchased by the real estate development enterprises totaled 23.74million square meters, was up by 6.2percent year-on-year, and the growth rate of the previous year was down by 3.4 percent. The total transaction of land reached 79.4 billion yuan, increased 12.7 percent, and the pace of increase went down7.1 percentage points over the last year.

 

 

2. Sales of Commercial Buildings

 

In the first two months, the floor space of commercial buildings sold stood at 140.54million square meters, a year-on-year increase of 25.1 percent, and was up by 2.6 percentage points over the last year of 2017.Of the total, the floor space of residential buildings increased 23.7 percent, office building increased 39.1 percent, and buildings for business use increased 31.8 percent. The sales of commercial buildings amounted to 1,080.6 billion yuan, an increase of 26.0 percent, the rate of growth went down by 8.8 percentage points. Specifically, the sales of residential buildings went up by 22.7 percent, office buildings was up by 49.3 percent, buildings for commercial business increased 41.6 percent.

 

 

 

In the first two months, the sale of floor space of commercial buildings in eastern region amounted to 65.95million square meters, a year-on-year increase of 15.9 percent, and was down by 6.8 percentage points over the last year. The amount of sales stood at 664.5 billion yuan, went up by 15.7 percent, the rate of growth narrowed 23percentage points. The sale of floor space of commercial buildings in central region amounted to 36.80 million square meters, increased 33.0percent, and the pace of increase went up by 4.6 percentage point. The amount of sales stood at 207.3 billion yuan, increased 44.1percent, and the pace of increase expanded by 5.4 percentage points. The sale of floor space of commercial buildings in western region amounted to 37.79million square meters, an increase of 36.2 percent, the growth rate was up by 20.6percentage points. The amount of sales stood at 208.8 billion yuan, went up by 49.5percent, the growth rate wentup by 31.2 percentage points.

 

At the end of February, the floor space of commercial housing for sale reached 705.55 million square meters, increased 10.15million square meters compared with that at the end of 2016. Of which, the residential buildings for sale decreased 4.68million square meters, office buildings increased 1.55 million square meters, buildings for business use went up by 2.60 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first two months, the sources of funds for real estate development enterprises reached 2,288.0 billion yuan, up by 7.0percent year-on-year,narrowed 8.2 percentage points over the last year. Specifically, the domestic loans stood at 498.5billion yuan, increased 11.5 percent, foreign investment stood at 4.8billion yuan, anincrease of 227.4 percent, self-raising funds stood at 689.7billion yuan, up by 17.2 percent, and other sources stood at 1,095.0 billion yuan, up by 27.7 percent. Among the other sources of funds, deposits and advance payments totaled 610.8 billion yuan, increased 27.1 percent, personal mortgage loans totaled 339.1billion yuan, up by 20.4 percent.

 

 

4. National Real Estate Climate Index

 

In February, the national real estate climate index (the value released from this year was after revised by the based period) was 100.78, increased 0.02 points month-on-month.

 

 

 

Investment in Real Estate Development for January-February

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

9854

8.9

  Of which: Residential Buildings

6571

9.0

      Office Buildings

654

-0.6

      Buildings for Commercial Business

1517

11.8

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

622950

3.2

  Of which: Residential Buildings

423185

2.1

      Office Buildings

30218

5.1

      Buildings for Commercial Business

87927

5.1

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

17238

10.4

  Of which: Residential Buildings

12410

14.8

      Office Buildings

627

-18.1

      Buildings for Commercial Business

2163

5.4

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

16141

15.8

  Of which: Residential Buildings

11674

15.3

      Office Buildings

673

25.7

      Buildings for Commercial Business

1861

17.1

 Land Acquisition Area (10,000 sq.m)

2374

6.2

 Value of Land Transactions (100 million yuan)

794

12.7

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

14054

25.1

  Of which: Residential Buildings

12439

23.7

      Office Buildings

340

39.1

      Buildings for Business Use

846

31.8

 Sales of Commercial Buildings (100 million yuan)

10806

26.0

  Of which: Residential Buildings

9121

22.7

      Office Buildings

485

49.3

      Buildings for Commercial Business

949

41.6

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

70555

-4.6

  Of which: Residential Buildings

40725

-12.7

      Office Buildings

3786

10.2

      Buildings for Commercial Business

16098

7.6

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

22880

7.0

  Of which: Domestic Loans

4985

11.5

      Foreign Investment

48

227.4

      Self-raising Funds

6897

-17.2

      Other Sources of Funds

10950

27.7

      Deposits and Advance Payments

6108

27.1

      Personal Mortgage

3391

20.4

 

 

 

 

 

Real Estate Investment in Eastern, January-February

Central and Western Regions for January-February

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

9854

6571

8.9

9.0

Eastern

5966

3978

7.8

7.5

Central

1907

1341

13.7

14.5

Western

1982

1253

7.8

8.2

 

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern, January-February

Central and Western Regions for January-February

 

Regions

Floor Space of Commercial Buildings Sold

Sales of Commercial Buildings

Absolute

Value

(1000 Sq.m)

Growth Rate Y/Y (%)

Absolute

Value

(100 million yuan)

Growth Rate Y/Y (%)

 

 

 

 

 

National Total

14054

25.1

10806

26.0

Eastern

6595

15.9

6645

15.7

Central

3680

33.0

2073

44.1

Western

3779

36.2

2088

49.5

 

 

 

 

 

 

 

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-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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