Operation of the National Real Estate Market From January to August

I. The completion of real estate development

From January to August, the total investment in real estate development was 2,835.5 billion yuan, up by 36.7 percent year-on-year. Of which, investment in commercial residential buildings reached 1,987.6 billion yuan, 33.9 percent of increase year-on-year, which occupied 70.1 percent of the investment in real estate development. In August, the completion of investment in real estate development totaled 449 billion yuan, increased 34.1 billion yuan year-on-year.

From January to August, the floor spaces under construction of real estate development enterprises in the whole country stood at 3,392 million square meters, a year-on-year increase of 29.1 percent; the new started floor spaces of housing stood at 104.8 million square meters, up by 66.1 percent year-on-year; the floor spaces completed reached 323 million square meters, climbing up 10.7 percent year-on-year. Of which, the floor spaces completed of residential buildings hit 262 million square meters, went up 8.8 percent year-on-year.

In August, the new started floor spaces of housing was 127 million square meters, up by 55.8 percent; the floor spaces completed reached 37.44 million square meters, down by 2.1 percent, year-on-year. Of which, the floor spaces completed of residential buildings reached 308.6 million square meters, dropped 2.1 percent; the land areas purchased was amounted to 39.44 million square meters this month, an increase of 69.8 percent; the value of land purchased amounted to 96.3 billion yuan, increased 66.2 percent.

II. Sales of commercial buildings

From January to August, the floor spaces of commercial buildings sold accounted for 527 million square meters, surging up 6.7 percent year-on-year, and narrowed 3.0 percentage comparing with January to July. Of the total, the floor spaces of residential buildings sold increased 4.1 percent; that of office buildings and buildings for commercials used went up 30.3 and 33.3 percent. From January to August, the total sales of commercial buildings amounted to 2,640 billion yuan, up by 12.6 percent year-on-year, narrowed 4.2 percentage points of growth rate over January to July. Of which, the sales of commercial residential buildings surged 7.5 percent, that of office buildings and buildings for commercial uses increased 56.5 and 47.7 percent respectively.

In August, the floor spaces of commercial buildings sold accounted for 68.86 million square meters, decreased 10.1 percent year-on-year; the total volume of commercial buildings reached 353.3 billion yuan, dropped 8.6 percent, year-on-year.

III. The funds sources of real estate development enterprises

From January to August, the funds sources of real estate development enterprises reached 4,436.3 billion yuan, a year-on-year increase of 35.0 percent. Of the total, domestic loans amounted to 8460 billion yuan, up by 27.8 percent; that of utilization of foreign funds reached 36.9 billion yuan, increased 23.9 percent; that of self-financing funds hit 1,662.8 billion yuan, went up 50.7 percent; that of other funds accounted for 1,890.6 billion yuan, rose by 26.8 percent. In view of the other funds, deposits and advantage payments totaled 1,063.7 billion yuan, ballooned 22.1 percent; and that of personal mortgage loans stood at 5,745 billion yuan, gained 27.5 percent. 

IV. Sales price indices of buildings in 70 medium-large sized cities

In August, sales price indices of buildings in 70 medium-large sized cities increased 9.3 percent year-on-year, narrowed 1.0 percentage points over in July; the chain index remained the same level over last month.

The sales price of newly constructed residential buildings in August increased 11.7 percent year-on-year, fell 1.2 percentage points over in July; the chain index remained the same level with last month. The sales price of commercial residential buildings up by 13.1 percent, of which, the sales price indices of ordinary, luxury commercial housings and economically affordable housings went up 12.5, 15.1 and 1.1 percent respectively. As compared month-on-month, the sales price indices of commercial residential buildings, ordinary and luxury commercial buildings remained the same level; while that of the economically affordable housings increased 0.1 percent.

In August, the sales price of second-handed residential buildings jumped 6.2 percent year-on-year, narrowed 0.5 percentage points over in July; the chain index of August increased 0.1 percent, while it was a decrease of 0.1 percent of July.

V. National Macro-Economic Climate Monitoring Index

In August, the national real estate climate index was 104.11, 0.6 points lower than the previous month, while 4.03 points higher than it was in the same period last year. 

In terms of category index, the investment index of real estate development was 104.89, down by 0.34 points from July, while it up by 7.14 points compared with the same month last year. The index of capital source was 109.74, 1.48 points of decrease from the pervious month, while a year-on-year increase of 3.92 points. The index of land space development was 94.42, down by 0.45 points compared with the previous month, up by 1.17 points from the same period last year. The index of floor space of commercial buildings for sale was 104.23, down by 0.54 points from last month, or up by 14.93 points from the same month last year. The index of floor space of buildings under construction was 109.00, 0.44 points lower from that was in July, while a year-on-year increase of 14.05 points.