National Real Estate Development and Sales from January to February 2022

1. The completion of real estate investment

 

From January to February, the national investment in real estate development was 1,449.9 billion yuan, a year-on-year increase of 3.7 percent; among them, the residential investment was 1,076.9 billion yuan, an increase of 3.7 percent.

 

 

From January to February, the housing construction area of real estate development enterprises was 7,844.59 million square meters, a year-on-year increase of 1.8 percent, of which the residential construction area was 5,535.14 million square meters, an increase of 2.0 percent; the new construction area of houses was 149.67 million square meters, down 12.2 percent, of which the new construction area of houses was 108.36 million square meters, down 14.9 percent; the completed housing area was 122 million square meters, down 9.8 percent, of which the completed residential area was 89.15 million square meters, down 9.6 percent.

 

2. Sales of Commercial Buildings

 

From January to February, the sales area of commercial houses was 157.03 million square meters, a year-on-year decrease of 9.6 percent, of which the sales area of residential houses decreased by 13.8 percent; the sales volume of commercial housing was 1,545.9 billion yuan, down 19.3 percent, of which the sales volume of residential housing decreased by 22.1 percent.

 

 

At the end of February, the area of commercial housing for sale was 570.26 million square meters, an increase of 60.03 million square meters over the end of 2021. Among them, the residential area for sale increased by 55.52 million square meters.

 

3. Sources of Funds for Real Estate Development Enterprises

 

From January to February, real estate development enterprises paid 2,514.3 billion yuan, a year-on-year decrease of 17.7 percent. Among them, domestic loans were 410.5 billion yuan, a year-on-year decrease of 21.1 percent; the utilized foreign capital was 700 million yuan, down 27.4 percent; self-raised funds were 775.7 billion yuan, down 6.2 percent; deposits and advance receipts were 802.7 billion yuan, down 27.0 percent; personal mortgage loans were 412.4 billion yuan, down 16.9 percent.

 

 

4. National Real Estate Climate Index

 

In February, the real estate development climate index (referred to as "national housing climate index") was 96.93.

 

 

Investment in Real Estate Development for January-February

 

 

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

 

                                                   

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

 

 

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.