National Real Estate Development and Sales in the First Two Months of 2019
National Bureau of Statistics of China2019-03-19 16:15




1. The completion of real estate investment

 

The total investment in real estate development in the first two months of 2019 was 1,209 billion yuan, an increase of 11.6 percent year-on-year, the growth rate improved 2.1 percentage points from that in the whole year of 2018. Of which, the investment in residential buildings was 871.1 billion yuan, up by 18 percent, the growth rate improved 4.6 percentage points, accounted for 72.1 percent of real estate development investment.

 

 

In the first two months, the real estate investment in eastern region stood at 720.6 billion yuan, up by 10.9 percent year-on-year, the growth rate was unchanged from that in the whole year of 2018; the central region stood at 233.7 billion yuan, went up by 8.8 percent, and the growth rate increased 3.4 percentage points; western region stood at 240 billion yuan, up by 16.8 percent, the growth rate increased 7.9 percentage points; northeastern region reached 14.7 billion yuan, increased 10.9 percent, the growth rate decreased 6.6 percentage points.

 

In the first two months, the floor space under construction by the real estate development enterprises accounted for 6,749.46 million square meters, a year-on-year increase of 6.8 percent, the growth rate increased 1.6 percentage points over the whole year of 2018. Of which, the floor space of residential building construction area was 4663.40 million square meters, up by 8.3 percent. The floor space started this year was 188.14 millions square meters, up by 6.0 percent, and the growth rate decreased 11.2 percentage points. Of which, The floor space of residential buildings started in the year amounted to 135.97 million square meters, up by 4.3 percent. The floor space of buildings completed stood at 125 million square meters, went down by 11.9 percent, and the pace of decline expanded 4.1 percentage points. Of which, the floor space completed of residential buildings stood at 89.26 million square meters, went down by 7.8 percent.

 

In the first two months, the land area purchased by the real estate development enterprises totaled 15.45 million square meters, was down by 34.1 percent year-on-year, while the growth rate in the whole year of 2018 increased 14.2 percent. The transaction of land was 69 billion yuan, decreased 13.1 percent, while the growth rate about the whole year of 2018 was 18.0 increase.

 

2. Sales of Commercial Buildings

 

In the first two months, the floor space of commercial buildings sold stood at 141.02 million square meters, a year-on-year decrease of 3.6 percent, while 1.3 percentage points increase in the whole year of 2018. Of the total, the floor space of residential buildings decreased 3.2 percent, office building decreased 15.7 percent, and buildings for business use decreased 13.6 percent. The sales of commercial buildings amounted to 1,280.3 billion yuan, an increase of 2.8 percent, the growth rate went down by 9.4 percentage points. Specifically, the sales of residential buildings went up by 4.5 percent, office buildings was down by 6.2 percent, buildings for commercial business decreased 9.4 percent.

 

 

In the first two months, the sale of floor space of commercial buildings in eastern region amounted to 54.37 million square meters, decreased 9.7 percent year-on-year, the pace of growth expanded 4.7 percentage points over the whole year of 2018. The amount of sales stood at 684.4 billion yuan, down by 1.2 percent, while 6.5 percent increase in the whole year of 2018. The sale of floor space of commercial buildings in central region amounted to 39.01 million square meters, decreased 0.6 percent, while the growth rate went up by 6.8 percent in the whole year of 2018. The amount of sales stood at 266 billion yuan, increased 6.6 percent, and the growth rate decreased 11.5 percentage points. The sale of floor space of commercial buildings in western region amounted to 43.68 million square meters, increased 2.2 percent, the growth rate went down by 4.7 percentage points; The amount of sales stood at 299.3 billion yuan, went up by 10.2 percent, the growth rate went down by 13.2 percentage points. The sale of floor space of commercial buildings in northeastern region amounted to 3.96 million square meters, down by 4.8 percent, and the pace of decline expanded 0.4 percentage point. The amount of sales stood at 30.7 billion yuan, went down by 2.4 percent, while the growth rate went up by 7.0 percent in the whole year of 2018.

 

At the end of February, the floor space of commercial housing for sale reached 522.51 million square meters, decreased 1.62 million square meters compared with that at the end of 2018. Of which, the residential buildings for sale increased 1.17 million square meters, office buildings increased 0.49 million square meters, buildings for business use went down by 3.93 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 2,449.7 billion yuan, up by 2.1 percent year-on-year, the   growth rate decreased 4.3 percentage points over the whole year of 2018. Specifically, the domestic loans stood at 497.6 billion yuan, decreased 0.5 percent; foreign investment stood at 5.2 billion yuan, increased 3.3 times, self-raising funds stood at 727.9 billion yuan, down by 1.5 percent, deposits and advance payments totaled 736.6 billion yuan, increased 5.6 percent, personal mortgage loans totaled 345.8 billion yuan, up by 6.5 percent.

 

 

4. National Real Estate Climate Index

 

In February, the national real estate climate index was 100.57, decreased 1.27   than December in 2018.

               

 

Investment in Real Estate Development for January-February

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

 

 

 

 Investment in Real Estate (100 million yuan)

12090

11.6

  Of which: Residential Buildings

8711

18.0

      Office Buildings

669

2.5

      Buildings for Commercial Business

1315

-9.0

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

674946

6.8

  Of which: Residential Buildings

466340

8.3

      Office Buildings

30634

0.8

      Buildings for Commercial Business

82937

-2.7

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

18814

6.0

  Of which: Residential Buildings

13597

4.3

      Office Buildings

723

38.0

      Buildings for Commercial Business

1774

-2.6

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

12500

-11.9

  Of which: Residential Buildings

8926

-7.8

      Office Buildings

432

-29.3

      Buildings for Commercial Business

1477

-21.4

 Land Acquisition Area (10,000 sq.m)

1545

-34.1

 Value of Land Transactions (100 million yuan)

690

-13.1

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

14102

-3.6

  Of which: Residential Buildings

12319

-3.2

      Office Buildings

321

-15.7

      Buildings for Business Use

838

-13.6

 Sales of Commercial Buildings (100 million yuan)

12803

2.8

  Of which: Residential Buildings

11028

4.5

      Office Buildings

505

-6.2

      Buildings for Commercial Business

958

-9.4

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

52251

-10.6

  Of which: Residential Buildings

25208

-16.3

      Office Buildings

3697

2.9

      Buildings for Commercial Business

13400

-9.7

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

24497

2.1

  Of which: Domestic Loans

4976

-0.5

      Foreign Investment

52

328.1

      Self-raising Funds

7279

-1.5

      Deposits and Advance Payments

7366

5.6

      Personal Mortgage

3458

6.5

 

 

 

 

Real Estate Investment in Eastern,
Central and Western Regions for
January- February

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

12090

8711

11.6

18.0

Eastern

7206

5104

10.9

16.0

Central

2337

1776

8.8

14.5

Western

2400

1717

16.8

28.9

Northeastern

147

114

10.9

19.4

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern,
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

14102

-3.6

12803

2.8

Eastern

5437

-9.7

6844

-1.2

Central

3901

-0.6

2660

6.6

Western

4368

2.2

2993

10.2

Northeastern

396

-4.8

307

-2.4

 

 

 

 

 

 

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 cannot 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.

 

 

 

FAQs  |  About NBS  |  Contact Us  |  Copyright National Bureau of Statistics of China,2012