National Real Estate Development and Sales in the First Four Months of 2021
National Bureau of Statistics of China2021-05-18 10:00




1. The completion of real estate investment

 

From January to April, China's investment in real estate development was 4,024 billion yuan, up 21.6 percent year on year; It was 17.6 percent higher than that from January to April in 2019, with an average growth of 8.4 percent in two years. Among them, the residential investment was 3,016.2 billion yuan, an increase of 24.4 percent.

 

 

From January to April, the real estate development investment in the eastern region was 2,209.8 billion yuan, up 19.8 percent year on year; investment in the central region was 832.5 billion yuan, up 29.7 percent; the western region invested 877.7 billion yuan, up 19.6 percent; the investment in northeast China was 103.9 billion yuan, an increase of 15.4 percent.

 

From January to April, the construction area of real estate development enterprises was 8,185.13 million square meters, a year-on-year increase of 10.5 percent. Among them, the residential construction area is 5,780.28 million square meters, an increase of 10.9 percent. The newly started housing area was 539.05 million square meters, an increase of 12.8 percent. Among them, the newly started residential area was 403.35 million square meters, an increase of 14.4 percent. The completed area of housing was 227.36 million square meters, an increase of 17.9 percent. Among them, the completed residential area was 165.51 million square meters, an increase of 20.7 percent.

 

From January to April, the land purchase area of real estate development enterprises was 33.01 million square meters, a year-on-year increase of 4.8 percent; the land transaction price was 120.3 billion yuan, down 29.2 percent.

 

2. Sales of Commercial Buildings

 

From January to April, the sales area of commercial housing was 503.05 million square meters, a year-on-year increase of 48.1 percent; It was 19.5 percent higher than that in January to April of 2019, with an average growth of 9.3 percent in two years. Among them, the sales area of residential buildings increased by 51.1 percent, that of office buildings increased by 20.0 percent and commercial buildings increased by 16.3 percent. The sales of commercial housing reached 5,360.9 billion yuan, up 68.2 percent; It was 37.0 percent higher than that in January to April of 2019, with an average growth of 17.0 percent in two years. Among them, the sales of residential buildings increased by 73.2 percent, that of office buildings increased by 31.9 percent and commercial buildings increased by 20.3 percent.

 

 

From January to April, the sales area of commercial housing in the eastern region was 215.24 million square meters, a year-on-year increase of 56.4 percent; the sales volume was 3,174.1 billion yuan, an increase of 80.1 percent. The sales area of commercial housing in central China was 136.91 million square meters, an increase of 52.4 percent; the sales volume was 1,046.8 billion yuan, an increase of 71.2 percent. The sales area of commercial housing in the western region was 135.82 million square meters, an increase of 34.7 percent; the sales volume was 1,013.3 billion yuan, an increase of 41.6 percent. The sales area of commercial housing in northeast China was 15.08 million square meters, an increase of 31.8 percent; sales reached 126.7 billion yuan, up 31.3 percent.

                         

At the end of April, the area of commercial housing for sale was 514.36 million square meters, 4.22 million square meters less than that at the end of March. Among them, the area for sale of residential buildings decreased by 4.23 million square meters, the area for sale of office buildings decreased by 150,000 square meters, and the area for sale of commercial buildings increased by 600,000 square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

From January to April, real estate development enterprises invested 6,354.2 billion yuan, a year-on-year increase of 35.2 percent; It was 21.1 percent higher than that from January to April in 2019, with an average growth of 10.1 percent in two years. Among them, domestic loans amounted to 904.3 billion yuan, an increase of 3.6 percent; foreign capital utilization was 1.7 billion yuan, down 28.3 percent; self-raised funds reached 1,716.7 billion yuan, an increase of 15.4 percent; down payment and advance collection reached 2,436.2 billion yuan, an increase of 74.1 percent; personal mortgage loans amounted to 1,073.8 billion yuan, an increase of 41.3 percent.

 

 

4. National Real Estate Climate Index

 

In April, the real estate development climate index (referred to as "national housing climate index") was 101.27.

 

 

Investment in Real Estate Development for January-April

 

Indicators

Absolute

Value

Growth Rate

Year-on-Year

(%)

     

 Investment in Real Estate (100 million yuan)

40240

21.6

  Of which: Residential Buildings

30162

24.4

      Office Buildings

1694

10.8

      Buildings for Commercial Business

3443

9.5

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

818513

10.5

  Of which: Residential Buildings

578028

10.9

      Office Buildings

32778

4.6

      Buildings for Commercial Business

79375

1.5

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

53905

12.8

  Of which: Residential Buildings

40335

14.4

      Office Buildings

1270

-7.3

      Buildings for Commercial Business

3782

-2.3

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

22736

17.9

  Of which: Residential Buildings

16551

20.7

      Office Buildings

757

7.6

      Buildings for Commercial Business

2073

-3.7

 Land Acquisition Area (10,000 sq.m)

3301

4.8

 Value of Land Transactions (100 million yuan)

1203

-29.2

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

50305

48.1

  Of which: Residential Buildings

45203

51.1

      Office Buildings

771

20.0

      Buildings for Business Use

2126

16.3

 Sales of Commercial Buildings (100 million yuan)

53609

68.2

  Of which: Residential Buildings

49010

73.2

      Office Buildings

1164

31.9

      Buildings for Commercial Business

2310

20.3

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

51436

-1.6

  Of which: Residential Buildings

23711

-4.4

      Office Buildings

3687

-4.1

      Buildings for Commercial Business

12740

-3.1

 Sources of Funds for Real Estate Development Enterprises

 (100 million yuan)

63542

35.2

  Of which: Domestic Loans

9043

3.6

      Foreign Investment

17

-28.3

      Self-raising Funds

17167

15.4

      Deposits and Advance Payments

24362

74.1

      Personal Mortgage

10738

41.3

     

 

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

40240

30162

21.6

24.4

Eastern

22098

16120

19.8

22.5

Central

8325

6666

29.7

33.2

Western

8777

6568

19.6

22.3

Northeastern

1039

807

15.4

15.2

         

                                                   

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

50305

48.1

53609

68.2

Eastern

21524

56.4

31741

80.1

Central

13691

52.4

10468

71.2

Western

13582

34.7

10133

41.6

Northeastern

1508

31.8

1267

31.3

         

 

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.

 

Saleable area of commercial housing: refers to the construction area of commercial housing that has been completed for sale or rental at the end of the reporting period, including the building area completed in previous years and completed in the current period, but does not include the completed demolition and reconstruction, unified construction, public supporting buildings, self-use and revolving houses of real estate companies that cannot be sold or leased area of rental housing.

 

 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 finalized 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

 

A comprehensive survey was conducted monthly (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.

 

6. The average growth rate of two years refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019.

 

Annex
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