National Real Estate Development and Sales in the First Eight Months of 2020
National Bureau of Statistics of China2020-09-16 10:00




1. The completion of real estate investment

 

From January to August, the national real estate development investment was 8,845.4 billion yuan, an increase of 4.6 percent year-on-year, and the growth rate was 1.2 percentage points higher than that of January to July. Among them, residential investment was 6,545.4 billion yuan, an increase of 5.3 percent, and a growth rate of 1.2 percentage points.

 

 

From January to August, the investment in real estate development in the eastern region was 4,732.9 billion yuan, with a year-on-year increase of 5.5 percent, and the growth rate was 1.5 percentage points higher than that in January to July; the investment in the central region was 1,760.5 billion yuan, down 1.1 percent, and the decline rate was narrowed by 2.0 percentage points; the investment in the western region was 1,996.6 billion yuan, with an increase of 7.9 percent, and the growth rate was decreased by 0.4 percentage point; the investment in northeast China was 355.4 billion yuan, with an increase of 4.0 percent, and the growth rate increased by 1.5 percentage points.

 

From January to August, the housing construction area of real estate development enterprises was 8,397.34 million square meters, a year-on-year increase of 3.3 percent, 0.3 percentage point higher than that of January to July. Among them, the residential construction area was 5,922.16 million square meters, an increase of 4.3 percent. The newly started area of housing was 1,399.17 million square meters, a decrease of 3.6 percent and a decrease rate of 0.9 percentage point narrower. Among them, 1,024.86 million square meters of newly started residential areas decreased by 4.3 percent. The completed area of housing was 371.07 million square meters, down 10.8 percent, and the decline rate was narrowed by 0.1 percentage point. Among them, the completed residential area was 264.98 million square meters, down 9.7 percent.

 

From January to August, the land purchase area of real estate development enterprises was 119.47 million square meters, a year-on-year decrease of 2.4 percent, and the growth rate expanded 1.4 percentage points compared with January to July; land transaction price was 708.8 billion yuan, an increase of 11.2 percent, and the growth rate decreased by 1.0 percentage point.

 

2. Sales of Commercial Buildings

 

From January to August, the sales area of commercial housing was 984.86 million square meters, a year-on-year decrease of 3.3 percent, 2.5 percentage points lower than that of January to July. Among them, the sales area of residential buildings decreased by 2.5 percent, that of office buildings decreased by 19.5 percent, and that of commercial and business buildings decreased by 17.0 percent. The sales volume of commercial housing was 9,694.3 billion yuan, up 1.6 percent, 2.1 percent of decrease in January to July. Among them, the sales of residential buildings increased by 4.1 percent, that of office buildings decreased by 18.0 percent, and that of commercial buildings decreased by 19.9 percent.

 

 

From January to August, the sales area of commercial housing in the eastern region was 406.14 million square meters, a year-on-year increase of 0.8 percent, 2.2 percent of decrease in January to July; the sales volume was 5,406.5 billion yuan, an increase of 6.6 percent, 4.6 percentage points of higher than that in January to July. The sales area of commercial housing in central China was 263.30 million square meters, decreased by 8.5 percent, and the decrease rate was narrowed by 2.6 percentage points; the sales volume was 1,907.2 billion yuan, with a decrease of 7.8 percent and a decrease rate of 2.8 percentage points narrower. The sales area of commercial housing in the western region was 275.25 million square meters, down 2.7 percent and the decline rate narrowed 1.5 percentage points; the sales volume was 2,042.4 billion yuan, up 0.3 percent and 2.5 percent of decrease in January to July. The sales area of commercial housing in northeast China was 40.17 million square meters, a decrease of 10.2 percent and a decrease rate of 4.3 percentage points narrower; the sales volume was 338.1 billion yuan, decreased by 5.8 percent, and the decline rate was narrowed by 3.7 percentage points.

 

At the end of August, the area of commercial housing for sale was 500.52 million square meters, 6.39 million square meters less than that at the end of July. Among them, the area for sale of residential buildings decreased by 7.05 million square meters, that of office buildings decreased by 170 thousand square meters, and that of commercial and business buildings increased by 270 thousand square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

During the period from January to August, the funds put in place by real estate development enterprises reached 11,709.2 billion yuan, an increase of 3.0 percent year-on-year, 2.2 percentage points of higher than that in January to July. Among them, the domestic loan was 1,801.6 billion yuan, an increase of 4.0 percent; the utilized foreign capital was 10.1 billion yuan, an increase of 24.5 percent; the self raised fund was 3,732 billion yuan, an increase of 3.6 percent; the deposit and advance collection was 3,883.7 billion yuan, an increase of 1.2 percent; the personal mortgage loan was 1,895.7 billion yuan, an increase of 8.6 percent.

 

 

4. National Real Estate Climate Index

 

In August, the real estate development climate index (referred to as "national housing climate index") was 100.33, 0.24 point higher than that in July.

 

 

Investment in Real Estate Development for January-August

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

     

 Investment in Real Estate (100 million yuan)

88454

4.6

  Of which: Residential Buildings

65454

5.3

      Office Buildings

3821

-1.0

      Buildings for Commercial Business

8209

-2.9

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

839734

3.3

  Of which: Residential Buildings

592216

4.3

      Office Buildings

34499

-1.1

      Buildings for Commercial Business

86534

-8.4

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

139917

-3.6

  Of which: Residential Buildings

102486

-4.3

      Office Buildings

4220

-5.8

      Buildings for Commercial Business

11392

-6.4

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

37107

-10.8

  Of which: Residential Buildings

26498

-9.7

      Office Buildings

1282

-16.9

      Buildings for Commercial Business

3847

-22.9

 Land Acquisition Area (10,000 sq.m)

11947

-2.4

 Value of Land Transactions (100 million yuan)

7088

11.2

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

98486

-3.3

  Of which: Residential Buildings

87200

-2.5

      Office Buildings

1832

-19.5

      Buildings for Business Use

4956

-17.0

 Sales of Commercial Buildings (100 million yuan)

96943

1.6

  Of which: Residential Buildings

86769

4.1

      Office Buildings

2646

-18.0

      Buildings for Commercial Business

5333

-19.9

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

50052

0.5

  Of which: Residential Buildings

22835

0.2

      Office Buildings

3780

3.1

      Buildings for Commercial Business

13031

-2.3

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

117092

3.0

  Of which: Domestic Loans

18016

4.0

      Foreign Investment

101

24.5

      Self-raising Funds

37320

3.6

      Deposits and Advance Payments

38837

1.2

      Personal Mortgage

18957

8.6

     

 

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

 

Regions

Investment

(100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

         

National Total

88454

65454

4.6

5.3

Eastern

47329

34239

5.5

5.4

Central

17605

13816

-1.1

0.6

Western

19966

14709

7.9

9.7

Northeastern

3554

2690

4.0

4.8

         

 

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

 

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

98486

-3.3

96943

1.6

Eastern

40614

0.8

54065

6.6

Central

26330

-8.5

19072

-7.8

Western

27525

-2.7

20424

0.3

Northeastern

4017

-10.2

3381

-5.8

         

 

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 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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