National Real Estate Development and Sales from January to August 2022
National Bureau of Statistics of China2022-09-16 19:15




1. The Completion of Real Estate Investment

 

From January to August, the national real estate development investment was 9,080.9 billion yuan, a year-on-year decrease of 7.4 percent; among them, the residential investment was 6,887.8 billion yuan, down 6.9 percent.

 

 

From January to August, the housing construction area of real estate development enterprises was 8,686.49 million square meters, a year-on-year decrease of 4.5 percent. Among them, the residential construction area was 6,136.04 million square meters, down 4.8 percent. The newly started area of houses was 850.62 million square meters, down 37.2 percent. Among them, the newly started residential area was 624.14 million square meters, down 38.1 percent. The completed area of houses was 368.61 million square meters, down 21.1 percent. Among them, the completed residential area was 267.37 million square meters, down 20.8 percent.

 

2. Sales of Commercial Buildings

 

From January to August, the sales area of commercial housing was 878.9 million square meters, a year-on-year decrease of 23.0 percent, of which the residential sales area decreased by 26.8 percent. The sales of commercial housing was 8,587 billion yuan, down 27.9 percent, of which residential sales decreased by 30.3 percent.

 

 

At the end of August, the area of commercial housing for sale was 546.05 million square meters, a year-on-year increase of 8.0 percent. Among them, the residential area for sale increased by 15.1 percent.

 

3. Sources of Funds for Real Estate Development Enterprises

 

From January to August, the funds put in place by real estate development enterprises were 10,081.7 billion yuan, a year-on-year decrease of 25.0 percent. Among them, domestic loans were 1,228 billion yuan, down 27.4 percent; the utilized foreign capital was 5.9 billion yuan, up 11.6 percent; self-raised funds reached 3,577.1 billion yuan, down 12.3 percent; deposits and advance receipts were 3,271.9 billion yuan, down 35.8 percent; personal mortgage loans reached 1,624.3 billion yuan, down 24.4 percent.

 

 

4. National Real Estate Climate Index

 

In August, the real estate development prosperity index (hereinafter referred to as "China's real estate climate index") was 95.07.

 

 

Investment in Real Estate Development for Jan-Aug

 

Indicators

Absolute Value

Growth Rate Year-on-Year (%)

Investment in Real Estate (100 million yuan)

90809

-7.4

Of which: Residential Buildings

68878

-6.9

Office Buildings

3496

-10.1

Buildings for Commercial Business

7268

-11.6

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

868649

-4.5

Of which: Residential Buildings

613604

-4.8

Office Buildings

33956

-3.7

Buildings for Commercial Business

77765

-9.6

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

85062

-37.2

Of which: Residential Buildings

62414

-38.1

Office Buildings

2183

-34.2

Buildings for Commercial Business

5849

-38.3

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

36861

-21.1

Of which: Residential Buildings

26737

-20.8

Office Buildings

1102

-29.1

Buildings for Commercial Business

3055

-27.8

Land Acquisition Area (10,000 sq.m)

5400

-49.7

Value of Land Transactions (100 million yuan)

3819

-42.5

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

87890

-23.0

Of which: Residential Buildings

74403

-26.8

Office Buildings

2026

6.6

Buildings for Commercial Business

5299

4.8

Sales of Commercial Buildings (100 million yuan)

85870

-27.9

Of which: Residential Buildings

75288

-30.3

Office Buildings

2792

1.9

Buildings for Commercial Business

5325

-3.4

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

54605

8.0

Of which: Residential Buildings

26015

15.1

Office Buildings

3924

6.0

Buildings for Commercial Business

12342

-3.6

Sources of Funds for Real Estate Development Enterprises (100 million yuan)

100817

-25.0

Of which: Domestic Loans

12280

-27.4

Foreign Investment

59

11.6

Self-raising Funds

35771

-12.3

Deposits and Advance Payments

32719

-35.8

Personal Mortgage

16243

-24.4

 

Real Estate Investment in Eastern, Central and Western Regions for Jan-Aug

 

Regions

Investment (100 million yuan)

 

Growth Rate Y/Y (%)

 

Residential Buildings

Residential Buildings

National Total

90809

68878

-7.4

-6.9

Eastern

49002

36052

-5.5

-5.2

Central

19878

16088

-3.6

-3.6

Western

19109

14486

-12.5

-11.6

Northeastern

2819

2252

-24.6

-21.3

 

Sales of Commercial Buildings in Eastern, Central and Western Regions for Jan-Aug

 

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

87890

-23.0

85870

-27.9

Eastern

35593

-25.8

49111

-28.9

Central

26279

-17.1

18394

-22.9

Western

23388

-23.2

16337

-28.2

Northeastern

2630

-35.7

2026

-40.0

 

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 index is cumulatively statistical data based on the principle of image progress.

 

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.

 

Area for sale of commercial housing: refers to the area of commercial housing that has not been sold or leased among the completed construction areas of commercial housing available for sale or lease at the end of the reporting period, including the area of housing completed in the previous year and the current period, but excluding the area of housing that cannot be sold or leased, such as demolition and reconstruction, unified construction agency, public supporting buildings, self-use of real estate companies and revolving houses that have been completed in the reporting period.

 

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 cumulatively statistical data based on the principle of image progress.

 

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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