National Real Estate Development and Sales in the First Four Months of 2017
National Bureau of Statistics of China2017-05-17 10:51




1. The completion of real estate investment

 

The total investment in real estate development in the first four months of 2017 was 2,773.2billion yuan, a nominal increase of 9.3 percent year-on-year, the growth rate went up by 0.2 percentage points over the first three months of 2017.Of which, the investment in residential buildings was 1,867.1 billion yuan, up by10.6 percent, 0.6 percentage points lower, accounted for 67.3 percent of real estate development investment.

 

 

 

In the first four months, the real estate investment in eastern region stood at 1,543.7billion yuan, up by 8.7 percent year-on-year, and stayed in the same level  over the first three months in 2017; the central region stood at 575.5billion yuan, went up by 16.8percent, and the growth rate was up by1.9percentage points; western region stood at 579.4billion yuan, up by 7.7 percent, up by 0.2 percentage points; northeastern region reached 74.7 billion yuan, decreased 13.7 percent, the pace of drop rate expanded 4.9 percentage points.

 

In the first four months, the floor space under construction by the real estate development enterprises accounted for 6,540.54 million square meters, a year-on-year increase of 3.1percent, the growth rate stayed in the same level over the first three months in 2017. Of which, the floor space of residential building construction area was4,456.57million square meters, up by 2.5percent. The floor space started this year was 482.40millions square meters, up by 11.1 percent, down by 0.5 percentage points. The floor space of residential buildings started in the year amounted to 348.00 million square meters, up by 17.5 percent. The floor space of buildings completed stood at 281.74million square meters, went up by 10.6 percent, and went down by 4.5percentage points. Of which, the floor space completed of residential buildings stood at 201.09million square meters, went up by 8.0 percent.

 

In the first four months, the land area purchased by the real estate development enterprises totaled 55.28 million square meters, was up by 8.1percent year-on-year, and the growth rate was up by 2.4 percentage points over the first three months in 2017. The total transaction of land reached 210.4 billion yuan, increased 34.2 percent, and the pace of increase went up 17.5 percentage points.

 

 

2. Sales of Commercial Buildings

 

In the first four months, the floor space of commercial buildings sold stood at 416.55million square meters, a year-on-year increase of 15.7 percent, and was down by 3.8 percentage points over the first three months in 2017.Of the total, the floor space of residential buildings increased 13.0 percent, office building increased 49.3 percent, and buildings for business use increased 30.6 percent. The sales of commercial buildings amounted to 3,322.3 billion yuan, an increase of 20.1 percent, the rate of growth went down by5percentage points. Specifically, the sales of residential buildings went up by 16.1percent, office buildings was up by 50.4 percent, buildings for commercial business increased 41.4 percent.

 

 

 

In the first four months, the sale of floor space of commercial buildings in eastern region amounted to 192.59million square meters, the growth rate increased 9.3 percent year-on-year, the growth pace was down by 4 percentage points over the first three months in 2017. The amount of sales stood at 2,012.2 billion yuan, went up by 12.7 percent, the rate of growth narrowed 5.9 percentage points. The sale of floor space of commercial buildings in central region amounted to 102.18 million square meters, increased 18.9percent, and the pace of increase went down by 7.5 percentage points. The amount of sales stood at 599.3 billion yuan, increased 28.5percent, and the pace of increase narrowed by 8.8 percentage points. The sale of floor space of commercial buildings in western region amounted to 106.13million square meters, stayed in the same level over the first three months in 2017.The amount of sales stood at 612.0billion yuan, went up by 40.8percent, the growth rate went up by 1.9 percentage points. The sale of floor space of commercial buildings in northeastern region amounted to 15.65million square meters, rose by 19.6 percent, the growth rate was down by 1.3 percentage points. The amount of sales stood at 98.8billion yuan, went up by 24.1 percent, the growth rate went down by 0.9 percentage points.

 

At the end of April, the floor space of commercial housing for sale reached 674.69 million square meters, decreased 13.41million square meters compared with that at the end of March in 2017. Of which, the residential buildings for sale decreased 13.00million square meters, office buildings increased 0.32 million square meters, buildings for business use went down by 0.05 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In the first four months, the sources of funds for real estate development enterprises reached 4,722.1billion yuan, up by 11.4percent year-on-year, narrowed 0.1 percentage points over the first three months in 2017. Specifically, the domestic loans stood at 877.4billion yuan, increased 17.0 percent, foreign investment stood at 7.4billion yuan, an increase of 115.3 percent, self-raising funds stood at 1,421.7billion yuan, down by 4.7 percent, and other sources stood at 2,415.6 billion yuan, up by 21.3 percent. Among the other sources of funds, deposits and advance payments totaled 1,384.2 billion yuan, increased 21.7 percent, personal mortgage loans totaled 766.2billion yuan, up by 14.5 percent.

 

 

 

4. National Real Estate Climate Index

 

In April, the national real estate climate index (the value released from this year was after revised by the based period) was 101.23, increased 0.10 points month-on-month.

 

 

 

Investment in Real Estate Development for January-April

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

27732

9.3

  Of which: Residential Buildings

18671

10.6

      Office Buildings

1736

1.1

      Buildings for Commercial Business

4222

7.8

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

654054

3.1

  Of which: Residential Buildings

445657

2.5

      Office Buildings

31373

3.9

      Buildings for Commercial Business

91289

3.6

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

48240

11.1

  Of which: Residential Buildings

34800

17.5

      Office Buildings

1709

-8.3

      Buildings for Commercial Business

5673

-3.6

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

28174

10.6

  Of which: Residential Buildings

20109

8.0

      Office Buildings

1117

27.5

      Buildings for Commercial Business

3625

20.5

 Land Acquisition Area (10,000 sq.m)

5528

8.1

 Value of Land Transactions (100 million yuan)

2104

34.2

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

41655

15.7

  Of which: Residential Buildings

36525

13.0

      Office Buildings

1128

49.3

      Buildings for Business Use

2642

30.6

 Sales of Commercial Buildings (100 million yuan)

33223

20.1

  Of which: Residential Buildings

27951

16.1

      Office Buildings

1652

50.4

      Buildings for Commercial Business

2882

41.4

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

67469

-7.2

  Of which: Residential Buildings

37782

-16.2

      Office Buildings

3756

9.3

      Buildings for Commercial Business

16010

5.9

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

47221

11.4

  Of which: Domestic Loans

8774

17.0

      Foreign Investment

74

115.3

      Self-raising Funds

14217

-4.7

      Other Sources of Funds

24156

21.3

      Deposits and Advance Payments

13842

21.7

      Personal Mortgage

7662

14.5

 

 

 

 

Real Estate Investment in Eastern,

Central and Western Regions for January- April

 

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

27732

18671

9.3

10.6

Eastern

15437

10434

8.7

10.4

Central

5755

4003

16.8

16.2

Western

5794

3704

7.7

10.0

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,

Central and Western Regions for January- April

 

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

41655

15.7

33223

20.1

Eastern

19259

9.3

20122

12.7

Central

10218

18.9

5993

28.5

Western

10613

25.1

6120

40.8

 

 

 

 

 

 

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

 

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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