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China: Operation of the National Real Estate Market from January to May 2010
added: 2010-07-08

From January to May, the total investment in real estate development was 1,391.7 billion yuan, up by 38.2 percent year-on-year. Of which, investment in commercial residential buildings reached 964.3 billion yuan, 35.7 percent of increase year-on-year, which occupied 69.3 percent of the investment in real estate development. In May, the completion of investment in real estate development was 398.5 billion yuan, increased 64.8 billion yuan and 19.4 percent over last month.

I. The completion of real estate development



From January to May, the total investment in real estate development was 1,391.7 billion yuan, up by 38.2 percent year-on-year. Of which, investment in commercial residential buildings reached 964.3 billion yuan, 35.7 percent of increase year-on-year, which occupied 69.3 percent of the investment in real estate development. In May, the completion of investment in real estate development was 398.5 billion yuan, increased 64.8 billion yuan and 19.4 percent over last month.

From January to May, the floor spaces under construction of real estate development enterprises in the whole country stood at 2851 million square meters, a year-on-year increase of 30.5 percent; the new started floor spaces of housing stood at 615 million square meters, up by 72.4 percent year-on-year; the floor spaces completed reached 192 million square meters, climbing up 18.1 percent year-on-year. Of which, the floor spaces completed of residential buildings hit 153 million square meters, went up 14.8 percent year-on-year.

From January to May, the land space purchased of real estate development enterprises in the whole country reached 129.43 million square meters, up by 31.1 percent year-on-year; the total value of land purchased reached 293.1 billion yuan, climbing up 89.7 percent year-on-year.

II. Sales of commercial buildings

From January to May, the floor spaces of commercial buildings sold accounted for 302 million square meters, surging up 22.5 percent year-on-year, and dropped 10.3 percentage points over the first four months. Of the total, the floor spaces of residential buildings sold increased 19.9 percent; that of office buildings and buildings for commercials used went up 74.5 and 45.7 percent. From January to May, the total sales of commercial buildings amounted to 1,580 billion yuan, up by 38.4 percent year-on-year. Of which, the sales of commercial residential buildings surged 33.6 percent, that of office buildings and buildings for commercial uses increased 11.2.5 and 64.4 percent respectively.

In May, the floor spaces of commercial buildings sold accounted for 67.77 million square meters, decreased 12.74 million square meters over last month, and dropped 15.8 percent; The total sales of commercial buildings reached 333.5 billion yuan, decreased 111.3 billion yuan and down by 25.0 percent.

III. The funds sources of real estate development enterprises

From January to May, the funds sources of real estate development enterprises reached 2,728.8 billion yuan, a year-on-year increase of 57.2 percent. Of the total, domestic loans amounted to 555 billion yuan, up by 43.6 percent; that of utilization of foreign funds reached 16.9 billion yuan, decreased 24.8 percent; that of self-financing funds hit 954.1 billion yuan, went up 54.3 percent; that of other funds accounted for 1,202.9 billion yuan, rose by 69.8 percent. In view of the other funds, deposits and advantage payments totaled 669.7 billion yuan, ballooned 61.1 percent; and that of personal mortgage loans stood at 374.4 billion yuan, gained in 88.8 percent.

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

In May, sales price indices of buildings in 70 medium-large sized cities increased 12.4 percent year-on-year, narrowed 0.4 percentage points over April; the chain index was booming up by 0.2 percent, decreased 1.2 percentage points over April.

The sales price of newly constructed residential buildings increased 15.1 percent year-on-year, fell 0.3 percentage points over April; the chain index went up by 0.4 percent, narrowed 1.0 percentage points over April.

In terms of different categories, the sales price indices of economically affordable housings went up 1.4 percent year-on-year; that of commercial residential buildings up by 16.9 percent, of which, the sales price indices of ordinary and luxury commercial housings went up 16.3 and 19.1 percent respectively. As compared month-on-month, the sales price indices of economically affordable housings and commercial residential buildings went up 0.1 and 0.4 percent, of the total, ordinary commercial buildings and luxury commercial buildings increased 0.5 and 0.2 percent respectively.

The sale price indices of second-handed residential housings expanded 9.2 percent year-on-year, or narrowed 1.3 percentage points month-on-month; the chain index dropped 0.4 percent, narrowed 2.1 percentage points month-on-month.

V. National real estate development climate index

In May, national real estate development climate index was 105.07, dropped 0.59 points month-on-month and climbed 9.13 points year-on-year.

In terms of different indices, the investment index of real estate development was 105.56, came up 0.62 points month-on-month or increased 12.43 points year-on-year ; the index of capital sources was 116.69, down by 1.46 points month-on-month or up by 20.07 year-on-year ; the index of floor spaces development was 90.15, increased 1.70 points month-on-month or decreased 2.40 points year-on-year; the index of vacant floor spaces of commercial buildings was 103.48, went up 1.70 points month-on-month or increased 14.43 points year-on-year; the index of floor spaces of buildings under construction was 111.36, fell 0.49 points month-on-month or climbed 17.43 points year-on-year.


Source: National Bureau of Statistics of China

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