Explanatory Notes on Main Statistical Indicators

Land Space Pending Development refers to the area of land with its use rights already approved by authorities and obtained by real estate development companies but the land development not yet starts.

Land Space Purchased in the Year refers to the area of land with its use rights already obtained in the year by real estate development companies.

Transaction Value of Land in the Year refers to the final amount of transactions made by real estate development companies to obtain the land use rights in the year. At the primary land market, it refers to the amount of final assignment, or the amount reached and transferred as a result of bidding, auction or listing procedures. In the secondary land market, it refers to the final amount on contracts with land transfer, lease and mortgage. The transaction value of land and the land space purchased have the same scope.

Value of Land Purchased refers to the payment made by real estate development companies for land use rights. The actual payment incurred in the year is included in the investment. The payment by installment when occurring is included in the investment.

Total Investment Planned refers to the total amount required for the completion of the activities according to the planned design or budget for the project under construction by real estate development companies.

Accumulative Investment Actually Completed Since Starting of Construction refers to all the investment accompalished by real estate development companies in the construction of building or the development of land from the beginning to the end of the year.

Investment in Real Estate Development refers to the investment made by real estate development companies in the construction of housing, development of land, nonprofit buildings and value of land purchased.

Total Actual Funds in Place This Year refers to the total amount available for real estate development regardless of kinds of currencies or sources of the funds which are further classified as domestic loans, foreign investment, self-raising funds and others.

Floor Space of Buildings under Construction refers to the total space area of the buildings under construction in the year by real estate development companies. It includes buildings started in the year, continued from the previous year, suspended in earlier years but restarted in the year, completed in the year, and started in the year but suspended in the year as well. The floor space of a multi-storied building should be the sum of floor space of all the stories.

Floor Space of Buildings Started This Year refers to the total floor space area of the buildings started in the year by real estate development companies. It excludes the buildings started in previous years and continued in the year, and the buildings suspended in previous years but restarted in the year. The start of a construction is defined by the date of ground breaking or pile driving. The floor space of the building includes that of the entire building.

Floor Space of Buildings Completed refers to the total floor space area of the buildings completed in the year by real estate development companies, which meet the requirements as designed, reach the criteria set for people to live in or use, have passed the acceptance checks, and are ready for delivery or use.

Area of Commercialized Housing Sold refers to total contracted area of commercialized housing (i.e. area of floor space as designated in the formal contracts signed by both sides) sold by real estate development companies during the reference time. It constitutes floor space of completed housing and floor space of future housing.

Value of Commercialized Housing Sold refers to the total contracted value (i.e. value of sales/purchase for selling/purchase of commercialized housing as designated in the contract signed by both sides) received from the sales of the buildings by real estate development companies during the reference time. This indicator has the same coverage as the area of commercialized housing sold, which constitutes floor space of completed housing and floor space of housing yet to be completed.