National Real Estate Development and Sales From January to July in 2022

National Bureau of Statistics of China 2022-08-16 13:41 Print| Large| Medium| Small

1. The Completion of Real Estate Investment

From January to July, the national real estate development investment was 7,946.2 billion yuan, a year-on-year decrease of 6.4 percent; Among them, the residential investment was 6,023.8 billion yuan, down 5.8 percent.

From January to July, the housing construction area of real estate development enterprises was 8,591.94 million square meters, a year-on-year decrease of 3.7 percent. Among them, the residential construction area was 6,070.29 million square meters, down 3.8 percent. The newly started area of houses was 760.67 million square meters, down 36.1 percent. Among them, the newly started residential area was 559.19 million square meters, down 36.8 percent. The completed area of houses was 320.28 million square meters, down 23.3 percent. Among them, the completed residential area was 232.79 million square meters, down 22.7 percent.

2. Sales of Commercial Buildings

From January to July, the sales area of commercial housing was 781.78 million square meters, down 23.1 percent year-on-year, of which the residential sales area decreased by 27.1 percent. The sales of commercial housing was 7,576.3 billion yuan, down 28.8 percent, of which residential sales decreased 31.4 percent.

At the end of July, the area of commercial housing for sale was 546.55 million square meters, an increase of 7.5 percent year on year. Among them, the residential area for sale increased by 14.1 percent.

3. Sources of Funds for Real Estate Development Enterprises

From January to July, the funds put in place by real estate development enterprises were 8,877 billion yuan, a year-on-year decrease of 25.4 percent. Among them, domestic loans were 1,103 billion yuan, down 28.4 percent; the utilized foreign capital was 5.3 billion yuan, an increase of 20.7 percent; self-raised funds reached 3,149.5 billion yuan, down 11.4 percent; deposits and advance receipts were 2,857.5 billion yuan, down 37.1 percent; personal mortgage loans reached 1,416.9 billion yuan, down 25.2 percent.

4. National Real Estate Climate Index

In July, the real estate development prosperity index (hereinafter referred to as "China's real estate climate index") was 95.26.

Investment in Real Estate Development for Jan- Jul

Indicators	Absolute Value	Growth Rate Year-on-Year (%)

Investment in Real Estate (100 million yuan)	79462	-6.4
Of which: Residential Buildings	60238	-5.8
Office Buildings	3035	-10.3
Buildings for Commercial Business	6408	-10.2
Floor Space under Construction (10,000 sq.m)	859194	-3.7
Of which: Residential Buildings	607029	-3.8
Office Buildings	33664	-3.3
Buildings for Commercial Business	77015	-9.0
Floor Space of Houses Newly Started (10,000 sq.m)	76067	-36.1
Of which: Residential Buildings	55919	-36.8
Office Buildings	1904	-35.4
Buildings for Commercial Business	5202	-37.5
Floor Space of Buildings Completed (10,000 sq.m)	32028	-23.3
Of which: Residential Buildings	23279	-22.7
Office Buildings	952	-32.6
Buildings for Commercial Business	2674	-30.2
Land Acquisition Area (10,000 sq.m)	4546	-48.1
Value of Land Transactions (100 million yuan)	2918	-43.0
Floor Space of Commercial Buildings Sold (10,000 sq.m)	78178	-23.1
Of which: Residential Buildings	66087	-27.1
Office Buildings	1838	9.7
Buildings for Business Use	4750	6.2
Sales of Commercial Buildings (100 million yuan)	75763	-28.8
Of which: Residential Buildings	66328	-31.4
Office Buildings	2480	3.1
Buildings for Commercial Business	4772	-2.0
Floor Space of Commercial Housing for Sale (10,000 sq.m)	54655	7.5
Of which: Residential Buildings	26092	14.1
Office Buildings	3905	5.1
Buildings for Commercial Business	12352	-3.5
Sources of Funds for Real Estate Development Enterprises 　(100 million yuan)	88770	-25.4
Of which: Domestic Loans	11030	-28.4
Foreign Investment	53	20.7
Self-raising Funds	31495	-11.4
Deposits and Advance Payments	28575	-37.1
Personal Mortgage	14169	-25.2

Real Estate Investment in Eastern, Central and Western Regions

for Jan-Jul

Regions	Investment (100 million yuan)		Growth Rate Y/Y (%)
Regions	Investment (100 million yuan)	Residential Buildings	Growth Rate Y/Y (%)	Residential Buildings

National Total	79462	60238	-6.4	-5.8
Eastern	42905	31558	-5.3	-5.0
Central	17294	13995	-2.4	-2.3
Western	16906	12805	-9.7	-8.5
Northeastern	2357	1880	-25.2	-22.2

Sales of Commercial Buildings in Eastern, Central and Western Regions for Jan-Jul

Regions	Floor Space of Commercial Buildings Sold		Sales of Commercial Buildings
Regions	Absolute Value (1000 Sq.m)	Growth Rate Y/Y (%)	Absolute Value (100 million yuan)	Growth Rate Y/Y (%)

National Total	78178	-23.1	75763	-28.8
Eastern	31103	-27.4	42715	-31.0
Central	23693	-16.5	16567	-22.7
Western	21131	-21.6	14721	-27.0
Northeastern	2251	-35.4	1760	-39.5

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 space 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.

Area for sale of commercial housing: refers to the area of commercial housing that has not been sold or leased among the completed construction areas of commercial housing available for sale or lease at the end of the reporting period, including the area of housing completed in the previous year and the current period, but excluding the area of housing that cannot be sold or leased, such as demolition and reconstruction, unified construction agency, public supporting buildings, self-use of real estate companies and revolving houses that have been completed in the reporting period.

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-story buildings refers to the total floor space of all stories.

Floor space of houses newly started: refers to floor space of houses newly started by the 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 previous 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 cannot 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 hand over to be used.

Land acquisition area: refers to land area by the real estate development enterprises in the year through various 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, December 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

The national real estate climate index follows the theory of economic cycle fluctuation, based on the business cycle theory and business cycle analysis, using time series, multivariate statistics, econometric analysis, taking real estate development and investment as the benchmarks, selecting related indicators such as real estate investment, capital, area, sales, excluding the impact of seasonal factors, including random factors, compiled by adopting the growth rate cycles method. The historical data will be revised monthly according to the newly added data. National real estate index selected year 2012 as the base year, and its growth rate was set at 100. Typically, the most appropriate level of national real estate climate index is 100, the moderate level is between 95 and 105, the lower level is below 95, and the higher level is above 105.

5. Division on Eastern, Central, Western and Northeastern Regions

Eastern region includes Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning, Jilin, and Heilongjiang.