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1. The completion of real estate investment
The total investment in real estate development in the first two months of 2012 was 543.1 billion yuan, up by 27.8 percent year-on-year, 0.1 percentage points lower than that in the previous year. In particular, the investment in residential buildings was 371.3 billion yuan, up by 23.2 percent, 7.0 percentage points lower than that in the previous year, and accounted for 68.4 percent of real estate development investment.
In the first two months of 2012, the real estate investment in eastern region stood at 332.7 billion yuan, up by 26.0 percent year-on-year, the growth rate down 1.2 percentage points over last year; the central region stood at 99.6 billion yuan, went up by 29.4 percent, and 3.9 percentage points higher on the growth rate; that of the western region stood at 110.8 billion yuan, up 31.9 percent, and a decrease of 0.9 percentage points.
In the first two months of 2012, the floor space under construction by the real estate development enterprises accounted for 3,949.01 million square meters, up by 35.5 percent year-on-year, and 10.2 percentage points of higher on the growth rate. Of which, the floor space of residential building construction area was 2,976.05 million square meters, up 32.8 percent. The floor space started was 200.49 millions square meters, up by 5.1 percent, and 11.1 percentage points lower on the growth rate. Specifically, the floor space of residential buildings started amounted to 148.32 million square meters, remained the same level with last year. The floor space of buildings completed stood at 100.94 million square meters, went up by 45.2 percent, 31.9 percentage points higher on the growth rate. of which, the floor space completed of residential buildings stood at 79.36 million square meters, went up by 47.9 percent.
In the first two months of 2012, the land area purchased by the real estate development enterprises totaled 46.84 million square meters, down by 0.5 percent year-on-year. The total transaction of land topped 104.4 billion yuan, increased 5.8 percent.
2. Sales of Commercial Buildings
In the first two months of 2012, the floor space of commercial buildings sold stood at 70.04 million square meters, decreased 14.0 percent year-on-year. Of the total, the floor space of residential buildings decreased 16.0 percent, office building decreased 8.6 percent, and buildings for business use increased 11.4 percent. The sales of commercial buildings amounted to 414.5 billion yuan, a decrease of 20.9 percent. Specifically, the sales of residential buildings went down by 24.7 percent, office buildings down by 23.5 percent, buildings for commercial business up by 17.2 percent.
In the first two months of 2012, the sale of floor space of commercial buildings in eastern region amounted to 33.1 million square meters, a decrease of 24.3 percent year-on-year. The amount of sales stood at 250.7 billion yuan, down by 31.0 percent. The sale of floor space of commercial buildings in central region amounted to 16.82 million square meters, an increase of 1.8 percent. The amount of sales stood at 73.4 billion yuan, surged 8.2 percent. The sale of floor space of commercial buildings in western region amounted to 20.12 million square meters, a decrease of 4.9 percent. The amount of sales stood at 90.3 billion yuan, dropped 2.8 percent.
At the end of February, the floor space of commercial housing for sale reached 305.26 million square meters, increasing 33.32 million square meters compared with the previous year. Of which, the residential buildings for sale grew 26.74 million square meters, office buildings grew 0.23 million square meters, buildings for business use grew 4.05 million square meters.
3. Sources of Funds for Real Estate Development Enterprises
In the first two months of 2012, the sources of funds for real estate development enterprises reached 1,415.1 billion yuan, up by 16.2 percent year-on-year, 2.1 percentage points higher than that in the previous year. Specifically, the domestic loans stood at 311.6 billion yuan, surged 16.3 percent; foreign investment stood at 10.7 billion yuan, up by 24.2 percent, self-raising funds stood at 599.5 billion yuan, up by 43.3 percent, and other sources stood at 493.3 billion yuan, down by 5.6 percent. Among the other sources of funds, deposits and advance payments totaled 279.5 billion yuan, decreased 11.4 percent, personal mortgage loans totaled 129.6 billion yuan, climbed 1.2 percent.
4. National Real Estate Climate Index
In February 2012, the national real estate climate index was 97.89, declined 1.0 percentage points month-on-month.
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Investment in Real Estate Development in Jan-Feb |
|
Indicators |
Absolute
Value |
Growth Rate
Year-on-Year
(%) |
|
|
|
|
|
|
|
|
|
Investment in Real Estate (100 million yuan) |
5431 |
27.8 |
|
Of which: Residential Buildings |
3713 |
23.2 |
|
Office Buildings |
253 |
31.0 |
|
Buildings for Commercial Business |
722 |
42.5 |
|
Floor Space under Construction (10,000 sq.m) |
394901 |
35.5 |
|
Of which: Residential Buildings |
297605 |
32.8 |
|
Office Buildings |
13421 |
44.2 |
|
Buildings for Commercial Business |
44282 |
39.3 |
|
Floor Space of Houses Newly Started (10,000 sq.m) |
20049 |
5.1 |
|
Of which: Residential Buildings |
14832 |
0.0 |
|
Office Buildings |
595 |
7.0 |
|
Buildings for Commercial Business |
2594 |
32.4 |
|
Land Acquisition Area (10,000 sq.m) |
4684 |
-0.5 |
|
Value of Land Transactions (100 million yuan) |
1044 |
5.8 |
|
Floor Space of Buildings Completed (10,000 sq.m) |
10094 |
45.2 |
|
Of which: Residential Buildings |
7936 |
47.9 |
|
Office Buildings |
173 |
-24.0 |
|
Buildings for Commercial Business |
1185 |
47.9 |
|
Floor Space of Commercial Buildings Sold (10,000 sq.m) |
7004 |
-14.0 |
|
Of which: Residential Buildings |
6118 |
-16.0 |
|
Office Buildings |
175 |
-8.6 |
|
Buildings for Business Use |
533 |
11.4 |
|
Sales of Commercial Buildings (100 million yuan) |
4145 |
-20.9 |
|
Of which: Residential Buildings |
3366 |
-24.7 |
|
Office Buildings |
187 |
-23.5 |
|
Buildings for Commercial Business |
510 |
17.2 |
|
Floor Space of Commercial Housing for Sale (10,000 sq.m) |
30526 |
39.4 |
|
Of which: Residential Buildings |
19578 |
52.0 |
|
Office Buildings |
1253 |
16.8 |
|
Buildings for Commercial Business |
6300 |
21.2 |
|
Sources of Funds for Real Estate Development Enterprises
(100 million yuan) |
14151 |
16.2 |
|
Of which: Domestic Loans |
3116 |
16.3 |
|
Foreign Investment |
107 |
24.2 |
|
Self-raising Funds |
5995 |
43.3 |
|
Other Sources |
4933 |
-5.6 |
|
Of Which: Deposits and Advantage Payments |
2795 |
-11.4 |
|
Personal Mortgage Loans |
1296 |
1.2 |
|
|
|
|
|
Real Estate Investment in Eastern, Central and Western Regions in Jan-Feb |
|
Regions |
Investment
(100 million yuan) |
|
Growth Rate Y/Y (%) |
|
|
Residential Buildings |
Residential Buildings |
|
|
|
|
|
|
|
National Total |
5431 |
3713 |
27.8 |
23.2 |
|
Eastern |
3327 |
2243 |
26.0 |
22.4 |
|
Central |
996 |
693 |
29.4 |
20.6 |
|
Western |
1108 |
777 |
31.9 |
28.2 |
|
|
|
|
|
|
|
Sales of Commercial Buildings in Eastern, Central and Western Regions in Jan-Feb |
|
Regions |
Floor Space of Commercial Buildings Sold |
Sales of Commercial Buildings |
|
Absolute
Value
(10,000 Sq.m) |
Growth Rate Y/Y (%) |
Absolute
Value
(100 million yuan) |
Growth Rate Y/Y (%) |
|
|
|
|
|
|
|
National Total |
7004 |
-14.0 |
4145 |
-20.9 |
|
Eastern |
3310 |
-24.3 |
2507 |
-31.0 |
|
Central |
1682 |
1.8 |
734 |
8.2 |
|
Western |
2012 |
-4.9 |
903 |
-2.8 |
|
|
|
|
|
|
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 spaces 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-storey buildings refers to the total floor space of all storey.
Floor space of houses newly started: refers to floor space of houses newly started by the e 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 pervious 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 can not 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 handed over to be used.
Land acquisition area: refers to land area by the real estate development enterprises in the year through variety of 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, may 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
National real estate climate index fluctuations follow by the economic cycle theory, according to the business cycle theory and business cycle analysis, based on the use of time series, multivariate statistical, econometric analysis, use the real estate development and investment as the benchmarks, selected related indicators such as real estate investment, capital, area, sales, conducted by the seasonal factors and random factors, adopting the growth rate cycle method. National real estate index selected year 2000 as the base year, its growth rate set at 100. Typically, the most appropriate level of national real estate climate index is 100, the moderate level is between 95-105, the lower level is below 95, and the higher level is above 105.
5. Division on Eastern, Central and Western Regions.
Eastern region includes Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang.
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