National Real Estate Development and Sales in the First Five Months of 2020
National Bureau of Statistics of China2020-06-16 10:00




1. The completion of real estate investment

 

From January to May, China's real estate development investment reached 4,592 billion yuan, down 0.3 percent year on year, 3.0 percentage points lower than that from January to April. Among them, the investment in housing was 3,376.5 billion yuan, which was flat year on year, which was down 2.8 percent from January to April.

 

 

From January to May, the real estate development investment in the eastern region was 2,519 billion yuan, down 0.1 percent year-on-year, 3.0 percentage points lower than that from January to April; the investment in the central region was 905.1 billion yuan, down 6.8 percent, 3.8 percentage points lower; the investment in the western region was 1,017.5 billion yuan, up 5.6 percent, 1.9 percentage points higher; the investment in the northeast region was 150.4 billion yuan, up 0.5 percent, which was 1.6 percent lower from January to April.

 

From January to May, the housing construction area of real estate development enterprises was 7,626.28 million square meters, up 2.3 percent year on year, 0.2 percentage point lower than that from January to April. Among them, the residential construction area was 5,367.65 million square meters, an increase of 3.5 percent. The area of new housing starts was 695.33 million square meters, down 12.8 percent, narrowed 5.6 percentage points of decrease. Among them, the newly started residential area was 508.88 million square meters, down 13.9 percent. The completed area of the house was 236.87 million square meters, down 11.3 percent, narrowed 3.2 percentage points of decrease. Among them, the completed residential area was 167.75 million square meters, down 10.9 percent.

 

From January to May, the land acquisition area of real estate development enterprises was 47.52 million square meters, down 8.1 percent year-on-year, 3.9 percentage points lower than that from January to April; the land transaction price was 242.9 billion yuan, up 7.1 percent, with the growth rate of 0.2 percentage points higher.

 

2. Sales of Commercial Buildings

 

From January to May, the sales area of commercial housing was 487.03 million square meters, down 12.3 percent year on year, 7.0 percentage points lower than that from January to April. Among them, the sales area of residential buildings decreased by 11.8 percent, that of office buildings decreased by 26.7 percent, and that of commercial buildings decreased by 21.7 percent. The sales volume of commercial housing was 4,626.9 billion yuan, down 10.6 percent, 8.0 percentage points lower than that from January to April. Among them, the sales of residential buildings decreased by 8.4 percent, the sales of office buildings decreased by 35.3 percent, and the sales of commercial buildings decreased by 26.6 percent.

 

 

From January to May, the sales area of commercial housing in the eastern region was 199.16 million square meters, down 9.9 percent year-on-year, 7.6 percentage points lower than that from January to April; the sales volume was 2,566.1 billion yuan, down 7.7 percent, 8.4 percentage points lower. The sales area of commercial housing in the central region was 127.43 million square meters, down 17.3 percent, narrowed 6.8 percentage points of decrease; the sales volume was 886.3 billion yuan, down 18.5 percent, narrowed 8.1 percentage points of decrease. The sales area of commercial housing in Western China was 143.21 million square meters, down 9.3 percent, narrowed 6.9 percentage points of decrease; the sales volume was 1,030.1 billion yuan, down 9.0 percent, narrowed 7.3 percentage points of decrease. The sales area of commercial housing in Northeast China was 17.24 million square meters, down 22.4 percent, narrowed 2.9 percentage points of decrease; the sales volume was 144.5 billion yuan, down 19.5 percent, narrowed 2.0 percentage points of decrease.

 

At the end of May, the area for sale of commercial housing was 517.71 million square meters, 4.83 million square meters less than that at the end of April. Among them, the area for sale of residential buildings decreased by 4.36 million square meters, the area for sale of office buildings decreased by 210 thousand square meters, and the area for sale of commercial and business buildings decreased by 240 thousand square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

From January to May, the paid in capital of real estate development enterprises reached 6,265.4 billion yuan, down 6.1 percent year on year, 4.3 percentage points lower than that from January to April. Among them, the domestic loan was 1,070.3 billion yuan, down 0.5 percent; the utilization of foreign investment was 3.4 billion yuan, up 15.3 percent; self-raised fund was 2,010.6 billion yuan, down 0.8 percent; deposit and advance payment was 1,947.9 billion yuan, down 13.0 percent; personal mortgage loan was 1,015.4 billion yuan, down 0.9 percent.

 

 

4. National Real Estate Climate Index

 

In May, the real estate development climate index (referred to as "national housing climate index") was 99.35, 0.49 point higher than that in April.

 

 

Investment in Real Estate Development for January-May

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

     

 Investment in Real Estate (100 million yuan)

45920

-0.3

  Of which: Residential Buildings

33765

0.0

      Office Buildings

2080

-1.2

      Buildings for Commercial Business

4328

-6.9

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

762628

2.3

  Of which: Residential Buildings

536765

3.5

      Office Buildings

32114

-1.6

      Buildings for Commercial Business

79938

-9.8

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

69533

-12.8

  Of which: Residential Buildings

50888

-13.9

      Office Buildings

2173

-11.4

      Buildings for Commercial Business

5591

-16.1

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

23687

-11.3

  Of which: Residential Buildings

16775

-10.9

      Office Buildings

885

-7.1

      Buildings for Commercial Business

2599

-21.9

 Land Acquisition Area (10,000 sq.m)

4752

-8.1

 Value of Land Transactions (100 million yuan)

2429

7.1

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

48703

-12.3

  Of which: Residential Buildings

42941

-11.8

      Office Buildings

917

-26.7

      Buildings for Business Use

2577

-21.7

 Sales of Commercial Buildings (100 million yuan)

46269

-10.6

  Of which: Residential Buildings

41250

-8.4

      Office Buildings

1189

-35.3

      Buildings for Commercial Business

2742

-26.6

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

51771

1.7

  Of which: Residential Buildings

24368

1.9

      Office Buildings

3825

5.9

      Buildings for Commercial Business

13128

-2.2

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

62654

-6.1

  Of which: Domestic Loans

10703

-0.5

      Foreign Investment

34

15.3

      Self-raising Funds

20106

-0.8

      Deposits and Advance Payments

19479

-13.0

      Personal Mortgage

10154

-0.9

     

 

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

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

         

National Total

45920

33765

-0.3

0.0

Eastern

25190

18042

-0.1

-1.0

Central

9051

7084

-6.8

-5.2

Western

10175

7468

5.6

7.9

Northeastern

1504

1172

0.5

1.0

         

 

Sales of Commercial Buildings in Eastern, Central and Western Regions for January-May

 

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

48703

-12.3

46269

-10.6

Eastern

19916

-9.9

25661

-7.7

Central

12743

-17.3

8863

-18.5

Western

14321

-9.3

10301

-9.0

Northeastern

1724

-22.4

1445

-19.5

         

 

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-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 hand 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.

 

Annex
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