National Real Estate Development and Sales in the First Four Months of 2019
National Bureau of Statistics of China2019-05-15 15:47




1. The completion of real estate investment

 

The total investment in real estate development in the first four months of 2019 was 3,421.7 billion yuan, an increase of 11.9 percent year-on-year, the growth rate increased 0.1 percentage point over the first three months of 2019. Of which, the investment in residential buildings was 2,492.5 billion yuan, up by 16.8 percent, while the growth rate decreased 0.5 percentage point. Accounted for 72.8 percent of real estate development investment.

           

 

In the first four months, the real estate investment in eastern region stood at 1,904.3 billion yuan, up by 10.8 percent year-on-year, and the growth rate was up  by 0.5 percentage point over the first three months in 2019; the central region stood at 717.7 billion yuan, went up by 8.7 percent, while the growth rate increased 0.3 percentage point ; western region stood at 708.3 billion yuan, up by 18.4 percent, and the growth rate decreased 0.5 percentage point; northeastern region reached 91.5 billion yuan, increased 10.6 percent, and the growth rate decreased 11.2 percentage points.

 

In the first four months, the floor space under construction by the real estate development enterprises accounted for 7,225.69 million square meters, a year-on-year increase of 8.8 percent, and the growth rate increased 0.6 percentage point over the first three months. Of which, the floor space of residential building construction area was 5,018.32 million square meters, up by 10.4 percent. The floor space started this year was 585.52 millions square meters, up by 13.1 percent, and the growth rate was up by 1.2 percentage points. Of the total, the floor space of residential buildings started in the year amounted to 433.35 million square meters, up by 13.8 percent. The floor space of buildings completed stood at 225.64 million square meters, went down by 10.3 percent, and the pace of decline rate narrowed 0.5 percentage point. Of which, the floor space completed of residential buildings stood at 160.40 million square meters, went down by 7.5 percent.

 

In the first four months, the land area purchased by the real estate development enterprises totaled 35.82 million square meters, was down by 33.8 percent year-on-year, and the pace of decline expanded 0.7 percentage point over the first three months. The total transaction of land reached 159.0 billion yuan, decreased 33.5 percent, while the pace of decline expanded 6.5 percentage points.

 

2. Sold and For Sales of Commercial Buildings

 

In the first four months, the floor space of commercial buildings sold stood at 420.85 million square meters, a year-on-year decrease of 0.3 percent, and the pace of decline narrowed 0.6 percentage point over the first three months. Of the total, the floor space of residential buildings increased 0.4 percent, office building decreased 12.4 percent, and buildings for business use decreased 8.8 percent. The sales of commercial buildings amounted to 3,914.1 billion yuan, an increase of 8.1 percent, the growth rate went up by 2.5 percentage points. Specifically, the sales of residential buildings went up by 10.6 percent, office buildings was down by 11.7 percent, buildings for commercial business decreased 5.4 percent.

 

 

In the first four months, the sale of floor space of commercial buildings in eastern region amounted to 166.86 million square meters, decreased 4.3 percent year-on-year, the pace of decline narrowed 2.5 percentage points over the first three months. The amount of sales stood at 2,102.3 billion yuan, went up by 6.0 percent, and the growth rate went up by 4.9 percentage points. The sale of floor space of commercial buildings in central region amounted to 118.36 million square meters, increased 2.4 percent, and the growth rate went down by 0.4 percentage point; The amount of sales stood at 833.4 billion yuan, increased 10.4 percent, and the growth rate went down by 0.5 percentage point. The sale of floor space of commercial buildings in western region amounted to 120.32 million square meters, increased 3.8 percent, and the growth rate decreased 0.5 percentage point; the amount of sales stood at 855.3 billion yuan, went up by 11.8 percent, the growth rate went down by 0.4 percentage point. The sale of floor space of commercial buildings in northeastern region amounted to 15.31 million square meters, down by 4.2 percent, while that in the first three months was 0.3 percent increase. The amount of sales stood at 123.0 billion yuan, went up by 3.3 percent, while the growth rate went down by 3.0 percentage points.

 

At the end of April, the floor space of commercial housing for sale reached 513.80 million square meters, decreased 2.66 million square meters compared with that at the end of March. Of which, the residential buildings for sale decreased 3.57 million square meters, office buildings decreased 0.17 million square meters, buildings for business for sale use went up by 0.30 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 5,246.6 billion yuan, up by 8.9 percent year-on-year, and the growth rate increased 3.0 percentage points over the first three months. Specifically, the domestic loans stood at 895.5 billion yuan, increased 3.7 percent, foreign investment stood at 3.4 billion yuan, an increase of 1.0 time, self-raising funds stood at 1,568.7 billion yuan, up by 5.3 percent, deposits and advance payments totaled 1,724.9 billion yuan, increased 15.1 percent, personal mortgage loans totaled 803.1 billion yuan, up by 12.4 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 100.92, up by 0.14 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)

34217

11.9

  Of which: Residential Buildings

24925

16.8

      Office Buildings

1607

-2.4

      Buildings for Commercial Business

3510

-9.8

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

722569

8.8

  Of which: Residential Buildings

501832

10.4

      Office Buildings

32055

2.5

      Buildings for Commercial Business

86638

-1.8

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

58552

13.1

  Of which: Residential Buildings

43335

13.8

      Office Buildings

1921

26.2

      Buildings for Commercial Business

4869

-5.4

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

22564

-10.3

  Of which: Residential Buildings

16040

-7.5

      Office Buildings

760

-31.0

      Buildings for Commercial Business

2787

-14.3

 Land Acquisition Area (10,000 sq.m)

3582

-33.8

 Value of Land Transactions (100 million yuan)

1590

-33.5

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

42085

-0.3

  Of which: Residential Buildings

36796

0.4

      Office Buildings

945

-12.4

      Buildings for Business Use

2579

-8.8

 Sales of Commercial Buildings (100 million yuan)

39141

8.1

  Of which: Residential Buildings

33870

10.6

      Office Buildings

1412

-11.7

      Buildings for Commercial Business

2929

-5.4

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

51380

-9.4

  Of which: Residential Buildings

24321

-14.7

      Office Buildings

3633

0.6

      Buildings for Commercial Business

13451

-8.6

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

52466

8.9

  Of which: Domestic Loans

8955

3.7

      Foreign Investment

34

103.7

      Self-raising Funds

15687

5.3

      Deposits and Advance Payments

17249

15.1

      Personal Mortgage

8031

12.4

 

 

 

 

Real Estate Investment in Eastern, January- April

Central and Western Regions for

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

 

 

 

 

 

National Total

34217

24925

11.9

16.8

Eastern

19043

13685

10.8

14.6

Central

7177

5468

8.7

13.6

Western

7083

5067

18.4

26.9

Northeastern

915

705

10.6

21.2

 

 

 

 

 

 

Sales of Commercial Buildings in Eastern, January- April

Central and Western Regions for

 

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

42085

-0.3

39141

8.1

Eastern

16686

-4.3

21023

6.0

Central

11836

2.4

8334

10.4

Western

12032

3.8

8553

11.8

Northeastern

1531

-4.2

1230

3.3

 

 

 

 

 

 

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.

 

 

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