News Markets Media

USA | Europe | Asia | World| Stocks | Commodities

Home News Asia China: National Real Estate Climate Index Decreased Slightly in September 2008


China: National Real Estate Climate Index Decreased Slightly in September 2008
added: 2008-10-23

In September, the national real estate climate index was 101.15, 0.63 and 3.84 points lower than the previous month, and over the same period last year.

The investment index of real estate development was 103.22, down by 1.18 and 0.85 points month-on-month, and year-on-year. The total investment in real estate development from January to September was up to 2,127.8 billion yuan, up by 26.5 percent from the same period last year. Investment in residential buildings reached 1,550.8 billion yuan, 28.7 percent of increase. Of which, the completed investment in economically affordable housings was 63.8 billion yuan, rose by 19.9 percent

The index of capital source was 95.13, 2.13 and 8.46 points of decrease from August and same period of previous year. From January to September, the position fund of real estate development enterprises reached 2,808.3 billion yuan, a year-on-year increase of 10.7 percent. Of which, domestic loans, utilization of foreign investment, and self-rising funds achieved 556.3, 48.6 and 1,116.3 billion yuan, up by 8.6, 14.9 and 33.4 percent respectively.

The index of land space development was 95.69, dropped 0.73 and 1.89 points month-on-month, and year-on-year. From January to September, the land space developed by real estate development enterprises was up to 179 million square meters, a year-on-year decrease of 1.6 percent.

The index of floor space of buildings under construction was 104.56, 0.66 and 0.99 points lower from that was in August and year-on-year. From January to September, the floor space of buildings under construction was 2404 million square meters, a year-on-year increase of 20.3 percent. Of this total, the floor space of residential housings was 1907 million square meters, up by 21.2 percent; the floor space of office buildings was 81.50 million square meters, up by 8.3 percent; that of the houses for business use was 250.26 million square meters, up by 12.0 percent.

The index of vacant floor space of commercial buildings was 103.54, down by 0.36 and 5.93 points month-on-month, and year-on-year. By the end of September, the vacant floor space of commercial buildings was 130 million square meters, a year-on-year increase of 10.2 percent. Of which, vacant floor space of residential housings stood at 66.41 million square meters, jumped by 14.1 percent.


Source: National Bureau of Statistics of China

Privacy policy . Copyright . Contact .