National Real Estate Development and Sales in the First Three Months of 2017
National Bureau of Statistics of China2017-04-18 16:19




1. The completion of real estate investment

 

The total investment in real estate development in the first three months of 2017 was 1,929.2billion yuan, a nominal increase of 9.1 percent year-on-year, the growth rate went up by 0.2 percentage points over the previous year, Of which, the investment in residential buildings was 1,298.1 billion yuan, up by11.2 percent, 2.2 percentage points higher, and accounted for 67.3 percent of real estate development investment.

 

 

In the first three months, the real estate investment in eastern region stood at 1,137.3 billion yuan, up by 7.9 percent year-on-year, and the growth rate went up by 0.1 percentage point over the first two months; the central region stood at 391.4 billion yuan, went up by 14.7percent, and the growth rate was up by1percentage points; western region stood at 400.5billion yuan, up by 7.5 percent, up by 0.3 percentage points.

 

In the first three months, the floor space under construction by the real estate development enterprises accounted for 6,369.77 million square meters, a year-on-year increase of 3.1percent, the growth rate was down by 0.1 percentage point. Of which, the floor space of residential building construction area was4,332.41million square meters, up by 2.2percent. The floor space started this year was 315.60millions square meters, up by 11.6 percent, up by 1.2 percentage points. The floor space of residential buildings started in the year amounted to 227.51 million square meters, up by 18.1 percent. The floor space of buildings completed stood at 230.31 million square meters, went up by 15.1 percent, went down by 0.7percentage points. Of which, the floor space completed of residential buildings stood at 165.00million square meters, went up by 13.7 percent.

 

In the first three months, the land area purchased by the real estate development enterprises totaled 37.82million square meters, was up by 5.7percent year-on-year, and the growth rate of the previous year was down by 0.5 percentage points. The total transaction of land reached 135.9 billion yuan, increased 16.7 percent, and the pace of increase went up 4 percentage points.

 

 

2. Sales of Commercial Buildings

 

In the first three months, the floor space of commercial buildings sold stood at 290.35million square meters, a year-on-year increase of 19.5 percent, and was down by 5.6 percentage points over the last year of 2017.Of the total, the floor space of residential buildings increased 16.9 percent, office building increased 52.9 percent, and buildings for business use increased 35.6 percent. The sales of commercial buildings amounted to 2,318.2 billion yuan, an increase of 25.1 percent, the rate of growth went down by0.9percentage points. Specifically, the sales of residential buildings went up by 20.2percent, office buildings was up by 67.9 percent, buildings for commercial business increased 49.3 percent.

 

 

In the first three months, the sale of floor space of commercial buildings in eastern region amounted to 139.68million square meters, a year-on-year increase of 13.4 percent, and was down by 2.5 percentage points over the last year. The amount of sales stood at 1460.0 billion yuan, went up by 18.7 percent, the rate of growth expanded 3percentage points. The sale of floor space of commercial buildings in central region amounted to 75.92 million square meters, increased 26.3percent, and the pace of increase went down by 6.7 percentage point. The amount of sales stood at 437.2 billion yuan, increased 37.0percent, and the pace of increase narrowed by 7.1 percentage points. The sale of floor space of commercial buildings in western region amounted to 74.76million square meters, an increase of 25.1 percent, the growth rate was down by 11percentage points. The amount of sales stood at 421.1 billion yuan, went up by 38.9percent, the growth rate went down by 10.6 percentage points.

 

At the end of March, the floor space of commercial housing for sale reached 688.10 million square meters, decreased 17.45million square meters compared with that at the end of 2016. Of which, the residential buildings for sale decreased 16.43million square meters, office buildings increased 0.03 million square meters, buildings for business use went down by 0.84 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first three months, the sources of funds for real estate development enterprises reached 3,566.6 billion yuan, up by 11.5percent year-on-year, expanded 4.5 percentage points over the last year. Specifically, the domestic loans stood at 689.2billion yuan, increased 10.7 percent, foreign investment stood at 7.4billion yuan, a increase of 308.0 percent, self-raising funds stood at 1,089.4billion yuan, down by 7.2 percent, and other sources stood at 1,780.6 billion yuan, up by 27.1 percent. Among the other sources of funds, deposits and advance payments totaled 1,000.7 billion yuan, increased 27.0 percent, personal mortgage loans totaled 553.8billion yuan, up by 18.6 percent.

 

 

4. National Real Estate Climate Index

 

In March, the national real estate climate index (the value released from this year was after revised by the based period) was 101.13, increased 0.37 points month-on-month.

 

 

Investment in Real Estate Development for January-March

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

19292

9.1

  Of which: Residential Buildings

12981

11.2

      Office Buildings

1194

-3.8

      Buildings for Commercial Business

2935

8.2

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

636977

3.1

  Of which: Residential Buildings

433241

2.2

      Office Buildings

30771

3.9

      Buildings for Commercial Business

89494

4.5

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

31560

11.6

  Of which: Residential Buildings

22751

18.1

      Office Buildings

1131

-18.9

      Buildings for Commercial Business

3852

2.9

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

23031

15.1

  Of which: Residential Buildings

16500

13.7

      Office Buildings

942

29.4

      Buildings for Commercial Business

2882

22.6

 Land Acquisition Area (10,000 sq.m)

3782

5.7

 Value of Land Transactions (100 million yuan)

1359

16.7

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

29035

19.5

  Of which: Residential Buildings

25484

16.9

      Office Buildings

776

52.9

      Buildings for Business Use

1845

35.6

 Sales of Commercial Buildings (100 million yuan)

23182

25.1

  Of which: Residential Buildings

19399

20.2

      Office Buildings

1202

67.9

      Buildings for Commercial Business

2045

49.3

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

68810

-6.4

  Of which: Residential Buildings

39082

-15.0

      Office Buildings

3788

11.6

      Buildings for Commercial Business

16014

6.2

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

35666

11.5

  Of which: Domestic Loans

6892

10.7

      Foreign Investment

74

308.0

      Self-raising Funds

10894

-7.2

      Other Sources of Funds

17806

27.1

      Deposits and Advance Payments

10007

27.0

      Personal Mortgage

5538

18.6

 

 

 

 

 

Real Estate Investment in Eastern,

Central and Western Regions for January-March

 

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

19292

12981

9.1

11.2

Eastern

11373

7709

7.9

10.4

Central

3914

2723

14.7

15.1

Western

4005

2549

7.5

9.9

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,

Central and Western Regions for January-March

 

 

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

29035

19.5

23182

25.1

Eastern

13968

13.4

14600

18.7

Central

7592

26.3

4372

37.0

Western

7476

25.1

4211

38.9

 

 

 

 

 

 

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

 

The national real estate climate index follows the theory of economic cycle fluctuation, based on the business cycle theory and business cycle analysis, using time series, multivariate statistics, econometric analysis, taking real estate development and investment as the benchmarks, selecting related indicators such as real estate investment, capital, area, sales, excluding the impact of seasonal factors, including random factors, compiled by adopting the growth rate cycles method. The historical data will be revised monthly according to the newly added data. National real estate index selected year 2012 as the base year, and its growth rate was 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, western and northeastern regions

 

Eastern region includes Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning, Jilin, and Heilongjiang.

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