Operation of the National Real Estate Market From January to November

I. The completion of real estate development

From January to November, the total investment in real estate development was 4,269.7 billion yuan, up by 36.5% year-on-year. Of which, investment in commercial residential buildings reached 3,002.2 billion yuan, 34.2% of increase year-on-year, which occupied 70.3% of the investment in real estate development. In November, the completion of investment in real estate development totaled 462.8 billion yuan, increased 36.7%, year-on-year.

In the past eleven months, the floor spaces under construction of real estate development enterprises in the whole country stood at 3,843 million square meters, a year-on-year increase of 28.6%; the new started floor spaces of housing stood at 1,451 million square meters, up by 48.7%, year-on-year; the floor spaces completed reached 485 million square meters, climbing up 9.6% year-on-year. Of which, the floor spaces completed of residential buildings hit 393 million square meters, went up 7.1% year-on-year.

In the past eleven months, land areas purchased was 361 million square meters, up by 33.2%,  the value of land purchased amounted to 893.1 billion yuan, increased 77.9%.

In November, the new started floor spaces of housing was 134 million square meters, dropped 17.4%; the floor spaces completed reached 65.31 million square meters, down by 0.7%, year-on-year. Of which, the floor spaces completed of residential buildings reached 53.5 million square meters, down by 3.5%; the land areas purchased was amounted to 33.02 million square meters this month, an increase of 9.3%; the value of land purchased amounted to 92.4 billion yuan, increased 67.4%.

II. Sales of commercial buildings

From January to November, the floor spaces of commercial buildings sold accounted for 825 million square meters, surging up 9.8%, year-on-year, and promoted 0.7 percentage point comparing with January to October. Of the total, the floor spaces of residential buildings sold increased 7.4%; that of office buildings and buildings for commercials used went up 25.9% and 35.2%. In the past eleven months, the total sales of commercial buildings amounted to 4,230 billion yuan, up by 17.5%,year-on-year, 0.2 percentage point of growth rate over January to October. Of which, the sales of commercial residential buildings surged 12.8%, that of office buildings and buildings for commercial use increased 48.4% and 50.2%, respectively.

In November, the floor spaces of commercial buildings sold accounted for 101.13 million square meters, increased 14.5%, year-on-year; 8.34 million square meters reduction, 9.0% of increase over in October. The total volume of commercial buildings reached 528.6 billion yuan, up by 18.6%, year-on-year;  which got an increase of 21.0 billion yuan in absolute value, and a 4.1% increase.

III. The funds sources of real estate development enterprises

From January to November, the funds sources of real estate development enterprises reached 6,322 billion yuan, a year-on-year increase of 31.2%. Of the total, domestic loans amounted to 1124.5 billion yuan, up by 25.0%; that of utilization of foreign funds reached 65.6 billion yuan, increased 59.0%; that of self-financing funds hit 2,380.6 billion yuan, rose by 49.6%, that of other funds accounted for 2,751.3 billion yuan, rose by 20.4%. In view of the other funds, deposits and advantage payments totaled 1,593.5 billion yuan, ballooned 19.4%; and that of personal mortgage loans stood at 793.7 billion yuan, gained 13.2% of increase.

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

In November, sales price indices of buildings in 70 medium-large sized cities increased 7.7%, year-on-year, narrowed 0.9 percentage point over in October; the chain index gained a 0.3% of increase.

The sales price of newly constructed residential buildings in November increased 9.3%, year-on-year, fell 1.3 percentage points over last month; the chain index up by 0.4%, the sales price of commercial residential buildings up by 10.4%, of which, the sales price indices of ordinary, luxury commercial housings and economically affordable housings went up 9.4%, 14.1% and 1.0%, respectively. As compared month-on-month, the sales price indices of commercial residential buildings, ordinary and luxury commercial buildings and economically affordable housings increased 0.4%, 0.3%, 0.7% and 0.1%.

In November, the sales price of second-handed residential buildings jumped 5.6%, year-on-year, narrowed 0.3 percentage point  over the last month; the chain index rose by 0.3%, promoted 0.2 percentage point over in October.

V. National Macro-Economic Climate Monitoring Index

In November, the national real estate climate index was 103.20, fell 0.37 point than the previous month, while 0.42 points higher than it was in the same period last year. 

In terms of category index, the investment index of real estate development was 104.82, fell 0.06 point from October, while it up by 4.22 points compared with the same month last year. The index of capital source was 104.74, 1.77 points of decrease from the pervious month, while a year-on-year decrease of 4.78 points. The index of land space development was 96.42, up by 1.96 points compared with the previous month, increased 1.06 points from the same period last year. The index of floor space of commercial buildings for sale was 103.10, up by 0.06 point from last month, or up by 9.26 points from the same month last year. The index of floor space of buildings under construction was 106.25, dropped 2.42 points from that was in October, a year-on-year increase of 3.24 points.