News Markets Media

USA | Europe | Asia | World| Stocks | Commodities

Home News Asia China: Operation of the National Real Estate Market from January to October 2009


China: Operation of the National Real Estate Market from January to October 2009
added: 2009-11-13

From January to October, the total investment in real estate development amounted to 2,844.0 billion yuan, up by 18.9 percent year-on-year, and went up by 1.2 percentage points over first nine months, while that of a decrease of 5.7 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 1,995.4 billion yuan, 14.1 percent of increase year-on-year, picking up 0.7 percentage points over first nine months, or 13.3 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

I. The completion of real estate development

From January to October, the total investment in real estate development amounted to 2,844.0 billion yuan, up by 18.9 percent year-on-year, and went up by 1.2 percentage points over first nine months, while that of a decrease of 5.7 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 1,995.4 billion yuan, 14.1 percent of increase year-on-year, picking up 0.7 percentage points over first nine months, or 13.3 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

From January to October, the floor spaces under construction of real estate development enterprises in the whole country stood at 2883 million square meters, a year-on-year increase of 16.4 percent, went up by 1.0 percentage points over first nine months; the new started floor spaces of housing stood at 814 million square meters, surged 3.3 percent year-on-year, the growth rate appeared negative to positive changes since the beginning of this year; the floor spaces completed reached 377 million square meters, climbing up 22.8 percent year-on-year, or 1.9 percentage points decreased over first nine months. Of which, the floor spaces completed of residential buildings hit 312 million square meters, went up 25.1 percent, or decreased 1.6 percentage points over first nine months.

From January to October, the floor spaces purchased of real estate development enterprises in the whole country reached 240.72 million square meters, dropped 18.7 percent year-on-year; the floor spaces developed hit 184.45 million square meters, decreased 4.6 percent year-on-year.

II. Sales of commercial buildings

From January to October, the floor spaces of commercial buildings sold accounted for 663.69 million square meters, surging up 48.4 percent year-on-year. Of the total, the floor spaces of residential buildings sold increased 50.1 percent; that of office buildings boomed 28.2 percent; that of buildings for commercials uses went up by 32.9 percent. From January to October, the total sales of commercial buildings amounted to 3,152.9 billion yuan, up by 79.2 percent year-on-year. Of which, the sales of commercial residential buildings surged 84.3 percent, that of office buildings and buildings for commercial uses increased 43.0 and 53.7 percent respectively.

III. The funds sources of real estate development enterprises

From January to October, the funds sources of real estate development enterprises reached 4,403.4 billion yuan, a year-on-year increase of 43.4 percent. Of the total, domestic loans amounted to 911.9 billion yuan, up by 53.0 percent; that of utilization of foreign funds reached 37.7 billion yuan, decreased 29.6 percent; that of self-financing funds hit 1,432.0 billion yuan, went up by 16.7 percent; that of other funds accounted for 2,021.8 billion yuan, rose by 69.5 percent. In view of the other funds, deposits and advantage payments totaled 1,175.5 billion yuan, ballooned 59.2 percent; and that of personal mortgage loans stood at 616.3 billion yuan, promoted 119.7 percent.

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

In October, sales price indices of buildings in 70 medium-large sized cities increased 3.9 percent year-on-year, expanded 1.1 percentage points month-on-month; the chain index was booming up by 0.7 percent, remained same level month-on-month.

The sales price indices of newly constructed residential buildings boomed 4.0 percent, or 1.3 percentage points expanded year-on-year; the chain index went up by 0.9 percent, boomed 0.1 percentage points month-on-month.

In terms of different categories, the sales price indices of economically affordable housings went up by 0.6 percent year-on-year; that of commercial residential buildings ballooned 4.4 percent, of which, the sales price indices of ordinary commercial housings increased 5.3 percent, that of luxury commercial housings went up by 1.5 percent. As compared month-on-month, the sales price indices of economically affordable housings surged 0.1 percent; that of commercial residential buildings went up by 1.1 percent, of the total, the ordinary and luxury commercial buildings increased 1.2 and 0.6 percent respectively.

In terms of different sub-dwelling sizes, the sales price indices of newly constructed residential buildings at and below 90 square meters climbed 6.5 percent year-on-year, while that of chain index increased 1.2 percent.

In terms of different regions, as compared year-on-year, 62 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives were: Guangzhou was 12.1 percent, Jinhua was 11.0 percent, Shenzhen was 8.9 percent, Ningbo was 8.5 percent, and Jinzhou was 8.3 percent; that of 6 cities dropped, and the top fives were: Jilin was 4.9 percent, Xuzhou was 3.7 percent, Tangshan was 2.1 percent, Wuhan was 0.9 percent, Shijiazhuang and Quanzhou was 0.1 percent respectively.

As compared month-on-month, 65 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Shijiazhuang was 3.1 percent, Nanjing was 2.4 percent, Dandong was 2.3 percent, Guangzhou was 2.1 percent, and Xi’an was 1.9 percent; that of 2 cities dropped, of which, Jilin was 5.0 percent, and Lanzhou was 0.2 percent.

The sale price indices of second-handed residential housings expanded 4.6 percent year-on-year, or increased 0.8 percentage points month-on-month; the chain index advanced 0.4 percent, narrowed 0.1 percentage points month-on-month.

In terms of different regions, as compared year-on-year, 54 cities got an increase of sales price indices of second-handed residential buildings, of the total, the top fives were: Shenzhen was 18.9 percent, Wenzhou was 13.7 percent, Hangzhou was 11.7 percent, Jinhua was 10.6 percent, and Nanjing was 8.5 percent; while that of 15 cities dropped, the top fives were: Shijiazhuang was 7.2 percent, Jilin was 4.3 percent, Tangshan was 3.5 percent, Yueyang was 3.3 percent, and Taiyuan was 3.2 percent.

As compared with previous month, 57 cities got picking up, of total, the top fives were: Dandong was 2.0 percent, Zhengzhou was 1.9 percent, Xiamen was 1.7 percent, Jinhua was 1.7 percent, and Zhanjiang was 1.6 percent; that of 3 cities decreased, of which, Changchun was 0.5 percent, Yangzhou was 0.4 percent, and Beijing was 0.1 percent.

The sales price indices of new non-residential housings went up 2.3 percent year-on-year, expanded 0.4 percentage points month-on-month; the chain index boomed 0.2 percent, remained the same level month-on-month.

As compared year-on-year, the sales price indices of office buildings were up by 4.4 percent, that of for commercial purposes ballooned 0.9 percent, that of for others increased 1.3 percent. As compared month-on-month, the sales price indices of office buildings were up by 0.2 percent, that of for commercial purposes ballooned 0.2 percent, that of for others increased 0.5 percent.

V. National real estate development climate index

In October, national real estate development climate index was 102.03, promoted 0.95 points month-on-month.

In terms of different indices, the investment index of real estate development was 100.49, came up 0.48 points month-on-month; the index of capital sources was 109.07, up by 1.32 points month-on-month; the index of floor spaces development was 94.59, went up 0.66 points month-on-month; the index of vacant floor spaces of commercial buildings was 91.84, surged 1.51 points month-on-month; the index of floor spaces of buildings under construction was 100.71, promoted 1.65 points month-on-month.


Source: National Bureau of Statistics of China

Privacy policy . Copyright . Contact .