National Realty Boom Index Dwon 0.22 Percent Point in November
In November, the "National Realty Boom Index" is 106.45, down by 0.22 point.
1. General Boom Level of Realty Development Industry
The national realty development boom index released by NBS shows that the national realty development boom index was 106.45 in November, up by 1.55 over the same month of the previous year, and down by 0.22 over that in October. But the "National Realty Boom Index" had been kept over 106 points for 4 consecutive months. In November, of the 8 class index numbers of the "National Boom Index", 2 are up and 6 are down as compared with that in October, wherein the completion area, land development area, average commercial house selling price, land transfer income, commercial house idle area and financial source presented a downtrend, while the realty development investment and newly-constructed area indices held over a uptrend.
2. Trend of major index numbers
--Completion area index number. In November, the completion area index number was 108.71, up by 0.21 points over the same month of the previous year, and down by 1.16 points over October, which is the biggest decreasing scope. During January- November, the housing completion area is 210 million square meters in the whole nation, up by 29% over the same period of the previous year, and the growth rate was down by 4.2 points over that during January-October. Wherein the commercial residential housing completion area was 176 million square meters, up by 28% over the same period of the previous year, and the commercial business building completion area was 20.97 million square meters, up by 40.9% over the same period of the previous year, the fastest growth rate. In view of different regions, the completion area in four provinces suffered negative growth，wherein the commercial housing completion area in Jilin Province was down by 22.5% over the same period of the previous year.
--Land development area index number. In November, the land development area index number was 114.53, up by 0.98 points over the same month of the previous year, and down by 0.56 over October. During January- November, the land development area completed in the whole country was 135 million square meters, up by 38.8% over the same period of the previous year, which held over the swift growth momentum, but the growth rate was down by 0.7% over the previous 10 months. Since this year, the national land development and purchase area has enjoyed sustainable growth. In the previous 11 months, the land purchase area reached 278 million square meters, up by 37.3% over the same period of the previous year.
--The commercial housing selling price index number. In November, the commercial housing selling price class index number was 97.62, down by 0.49 points over the same month of the previous year and down by 0.45 points over October. The commercial housing sales have been on the up since the beginning of this year, the average price of commercial housing kept a stable and growing trend, but the growth rate somewhat dropped. During January-November, the average selling price of national commercial housing was RMB 2456 Yuan/ square meter, up by 4.8% over the same period of the previous year, and the growth rate was down by 5.7% over the same period of the previous year. Wherein, the average selling price of commercial housing was 2313 Yuan/ square meter, up by 4.7% over the same period of the previous year, and that of office buildings enjoyed the fastest growth rate, which was 6.8%. In view of regions, the average selling price of commercial housing in
---Realty development investment index number. In November, the realty development investment index number was 106.87, up by 1 point over the same month of the previous year, and up by 0.16 over October. During January-November, the national realty development investment broke RMB 800 billion Yuan, reaching 828.5 billion Yuan, up by 32.5% over the same period of the previous year and the growth rate was up by 4.3% over the same period of the previous year. Wherein commercial housings completed an investment of RMB 564.7 billion Yuan, up by 27.5% over the same period of the previous year and is 68.2% of the total realty development investment, and the office building and commercial housing investment held over a high-speed increase, whose growth as compared with the same period of the previous year is over 40%.
---Commercial housing idle space index number. In November, the idle area index number of commercial housing was 95.16, down by 2.58 points over the same month of the previous year and down by 0.15 points over October. Fall of the idle area index number shows that the growth rate of commercial housing idle area dropped. During January-November, the national commercial housing idle area was over 100 million square meters, up by 6.5% over the same period of the previous year, but the growth rates was down by 6.1% over the same period of the previous year and was also lower than the growth rate in the previous 10 months that is 7.6%. Wherein the area that was idle for more than one year was 42.2 million square meters, up by 2.4% over the same period of the previous year. In view of regions, the eastern region had the lowest growth rate, which was up only 0.3% over the same period of the previous year, the mid region grew by 11.4%, and the western region grew by 29.2%.