National Real Estate Development and Sales in 2021

1. The completion of real estate investment

 

In 2021, the national investment in real estate development was 14,760.2 billion yuan, an increase of 4.4 percent over the previous year; an increase of 11.7 percent over 2019 and an average increase of 5.7 percent over the two years. Among them, the residential investment was 11,117.3 billion yuan, an increase of 6.4 percent over the previous year.

 

 

In 2021, the investment in real estate development in the eastern region was 7,769.5 billion yuan, an increase of 4.2 percent over the previous year; the central region invested 3,116.1 billion yuan, an increase of 8.2 percent; the investment in the western region was 3,336.8 billion yuan, an increase of 2.2 percent; the investment in northeast China was 537.8 billion yuan, down 0.8 percent.

 

In 2021, the housing construction area of real estate development enterprises was 9,753.87 million square meters, an increase of 5.2 percent over the previous year. Among them, the residential construction area was 6,903.19 million square meters, an increase of 5.3 percent. The new construction area of houses was 1,988.95 million square meters, down 11.4 percent. Among them, the newly started residential area was 1,463.79 million square meters, down 10.9 percent. The completed housing area was 1,014.12 million square meters, an increase of 11.2 percent. Among them, the completed residential area was 730.16 million square meters, an increase of 10.8 percent.

 

In 2021, the land acquisition area of real estate development enterprises was 215.9 million square meters, a decrease of 15.5 percent over the previous year; the land transaction price was 1,775.6 billion yuan, an increase of 2.8 percent.

 

2. Sales of Commercial Buildings

 

In 2021, the sales area of commercial housing was 1,794.33 million square meters, an increase of 1.9 percent over the previous year; it increased by 4.6 percent over 2019, with an average growth of 2.3 percent in the two years. Among them, the sales area of residential buildings increased by 1.1 percent, the sales area of office buildings increased by 1.2 percent, and the sales area of commercial business houses decreased by 2.6 percent. The sales volume of commercial housing was 18,193 billion yuan, an increase of 4.8 percent; it increased by 13.9 percent over 2019, with an average growth of 6.7 percent in the two years. Among them, residential sales increased by 5.3 percent over the previous year, office building sales decreased by 6.9 percent, and commercial business housing sales decreased by 2.0 percent.

 

 

In 2021, the sales area of commercial houses in the eastern region was 732.48 million square meters, an increase of 2.7 percent over the previous year; the sales volume was 10,331.7 billion yuan, an increase of 8.0 percent. The sales area of commercial housing in the central region was 517.48 million square meters, an increase of 5.4 percent; sales reached 3,815.7 billion yuan, an increase of 6.4 percent. The sales area of commercial housing in the western region was 478.19 million square meters, down 1.7 percent; the sales volume was 3,524.1 billion yuan, down 2.8 percent. The sales area of commercial housing in northeast China was 66.18 million square meters, down 6.4 percent; the sales volume was 521.5 billion yuan, down 10.3 percent.

                         

At the end of 2021, the area of commercial housing for sale was 510.23 million square meters, an increase of 8.58 million square meters over the end of November. Among them, the area for sale of residential buildings increased by 4.8 million square meters, the area for sale of office buildings increased by 940,000 square meters, and the area for sale of commercial business houses increased by 460,000 square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

In 2021, real estate development enterprises paid in 20,113.2 billion yuan, an increase of 4.2 percent over the previous year; an increase of 12.6 percent over 2019 and an average increase of 6.1 percent over the two years. Among them, domestic loans amounted to 2,329.6 billion yuan, a decrease of 12.7 percent over the previous year; the utilized foreign capital was 10.7 billion yuan, down 44.1 percent; self-raised funds were 6,542.8 billion yuan, an increase of 3.2 percent; deposits and advance receipts were 7,394.6 billion yuan, an increase of 11.1 percent; personal mortgage loans reached 3,238.8 billion yuan, an increase of 8.0 percent.

 

 

4. National Real Estate Climate Index

 

In December, the real estate development climate index (referred to as "national housing climate index") was 100.36.

 

 

Investment in Real Estate Development for January-December

 

 

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

 

                                                   

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

 

 

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.

 

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.