National Real Estate Climate Index Decreased Slightly in March

In March, the national real estate climate index was 104.72, 0.83 points lower than the previous month, 3.50 points lower than it was in the same period last year.

The investment index of real estate development was 104.48, down by 0.35 points from February, while it up by 3.01 points compared with the same month last year. The total investment in real estate development in the first quarter was up to 468.8 billion yuan, up by 32.3 percent from the same period last year. Investment in residential buildings reached 331.6 billion yuan, 34.7 percent of increase. Of which, the completed investment in economically affordable housings was 12.0 billion yuan, rose by 36.7 percent

The index of capital source was 102.38, 1.88 points of decrease from the pervious year, while a year-on-year increase of 2.46 points. In the first quarter, the position fund of real estate development enterprises reached 922.6 billion yuan, a year-on-year increase of 29.5 percent. Of this total, domestic loans, and self-rising funds achieved 235.6 and 335.1 billion yuan, rose by 33.8 and 34.3 percent respectively; while that utilization of foreign investment stood at 10.6 billion yuan, dropped 19.6 percent.

The index of land space development was 98.11, down by 1.23 points compared with the previous month, up by 6.69 points from the same period last year. In the first quarter, the land space developed by real estate development enterprises was up to 58.90 million square meters, a year-on-year increase of 11.0 percent.

The index of floor space of buildings under construction was 108.43, 0.30 points higher from that was in February, while a year-on-year increase of 4.35 points. In the first quarter, the floor space of buildings under construction was 1584 million square meters, a year-on-year increase of 27.3 percent. Of this total, the floor space of residential housings was 1243 million square meters, up by 29.1 percent; the floor space of office buildings was 57.68 million square meters, up by 11.0 percent; that of the houses for business use was 167.56 million square meters, up by 18.0 percent.

The index of vacant floor space of commercial buildings was 111.29, down by 0.23 points from last month, or up by 7.75 points from the same month last year. By the end of March, the vacant floor space of commercial buildings was 121.25 million square meters, a year-on-year decrease of 3.9 percent. Of which, commercial buildings that unused was 61.72 million square meters, down by 10.5 percent.