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China: Operation of the National Real Estate Market in the First Two Months
added: 2010-03-13

In the first two months, the total investment in real estate development amounted to 314.4 billion yuan, up by 31.1 percent year-on-year, and went up by 30.1 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 223.3 billion yuan, 32.8 percent of increase year-on-year, picking up 32.0 percentage points over same period of previous year, which occupied 71.0 percent of the investment in real estate development.

I. The completion of real estate development


In the first two months, the total investment in real estate development amounted to 314.4 billion yuan, up by 31.1 percent year-on-year, and went up by 30.1 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 223.3 billion yuan, 32.8 percent of increase year-on-year, picking up 32.0 percentage points over same period of previous year, which occupied 71.0 percent of the investment in real estate development.

In the first two months, the floor spaces under construction of real estate development enterprises in the whole country stood at 2097 million square meters, a year-on-year increase of 29.3 percent; the new started floor spaces of housing stood at 149 million square meters, surged 37.5 percent year-on-year; the floor spaces completed reached 61.01 million square meters, climbing up 8.2 percent year-on-year. Of which, the floor spaces completed of residential buildings hit 47.89 million square meters, went up by 5.8 percent.

In the first two months, the floor spaces purchased of real estate development enterprises in the whole country reached 24.07 million square meters, promoted 11.2 percent year-on-year, while declined 18.9 percent in 2009; the floor spaces developed hit 15.67 million square meters, decreased 40.8 percent year-on-year.

II. Sales of commercial buildings

In the first two months, the floor spaces of commercial buildings sold accounted for 71.55 million square meters, surging up 38.2 percent year-on-year, dipped 3.9 percentage points over 2009. Of the total, the floor spaces of residential buildings sold increased 36.6 percent; that of office buildings boomed 84.6 percent; that of buildings for commercials uses went up by 43.0 percent. In the first two months, the total sales of commercial buildings amounted to 411.6 billion yuan, up by 70.2 percent year-on-year, decreased 5.3 percentage points over 2009. Of which, the sales of commercial residential buildings surged 70.8 percent, that of office buildings and buildings for commercial uses increased 73.8 and 63.3 percent respectively.

III. The funds sources of real estate development enterprises

In the first two months, the funds sources of real estate development enterprises reached 1,046.9 billion yuan, a year-on-year increase of 69.5 percent. Of the total, domestic loans amounted to 248.9 billion yuan, up by 46.1 percent; that of utilization of foreign funds reached 5.3 billion yuan, decreased 23.5 percent; that of self-financing funds hit 344.6 billion yuan, went up by 50.6 percent; that of other funds accounted for 448.2 billion yuan, rose by 111.9 percent. In view of the other funds, deposits and advantage payments totaled 244.6 billion yuan, ballooned 103.7 percent; and that of personal mortgage loans stood at 144.3 billion yuan, promoted 168.1 percent.

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

In February, sales price indices of buildings in 70 medium-large sized cities increased 10.7 percent year-on-year, expanded 1.2 percentage points month-on-month; the chain index was booming up by 0.9 percent, narrowed 0.4 percentage points month-on-month.

The sales price indices of newly constructed residential buildings boomed 13.0 percent, or 1.7 percentage points expanded month-on-month; the chain index went up by 1.3 percent, went down by 0.4 percentage points month-on-month.

In terms of different categories, the sales price indices of economically affordable housings went up by 1.1 percent year-on-year; that of commercial residential buildings ballooned 14.5 percent, of which, the sales price indices of ordinary commercial housings increased 14.2 percent, that of luxury commercial housings went up by 15.5 percent. As compared month-on-month, the sales price indices of economically affordable housings remained the general level; that of commercial residential buildings went up by 1.4 percent, of the total, the ordinary and luxury commercial buildings increased 0.9 and 3.4 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 16.5 percent year-on-year, while that of chain index increased 1.4 percent.

In terms of different regions, as compared year-on-year, 70 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top sixes were: Haikou was 58.4 percent, Sanya was 56.1 percent, Guangzhou was 22.7 percent, Wenzhou was 21.3 percent, Beijing and Jinhua was 16.9 percent, and Tangshan was 0.4 percent respectively.

As compared month-on-month, 57 cities got an increase of sales price indices of newly constructed residential buildings, of the total, the top fives are: Sanya was 19.3 percent, Haikou was 17.0 percent, Yichang was 3.9 percent, Bengbu was 2.4 percent, and Ganzhou was 2.3 percent; that of 9 cities remained the general level; and that of 4 cities dropped between 0.3-1.6 percent.

The sale price indices of second-handed residential housings expanded 8.5 percent year-on-year, or increased 0.5 percentage points month-on-month; the chain index advanced 0.4 percent, narrowed 0.5 percentage points month-on-month.

In terms of different regions, as compared year-on-year, 69 cities got an increase of sales price indices of second-handed residential buildings, of the total, the top fives were: Sanya was 42.2 percent, Haikou was 41.7 percent, Shenzhen was 24.7 percent, Wenzhou was 17.6 percent, and Hangzhou was 13.7 percent; that of only Quanzhou dropped 0.9 percent.

As compared with previous month, 43 cities got picking up, of total, of which, Sanya was the only city exceeded 10 percent which stood at 11.5 percent; that of 12 cities remained the general level; that of 15 cities decreased, of which, Xi’an was the only city fell more than 1 percent which stood at 1.3 percent.

The sales price indices of new non-residential housings went up 5.4 percent year-on-year, expanded 0.8 percentage points month-on-month; the chain index boomed 0.7 percent, increased 0.2 percentage points month-on-month.

As compared year-on-year, the sales price indices of office buildings were up by 8.5 percent, that of for commercial purposes ballooned 3.1 percent, that of for others increased 4.8 percent. As compared month-on-month, the sales price indices of office buildings were up by 1.3 percent, that of for commercial purposes ballooned 0.4 percent, that of for others increased 0.1 percent.

V. National real estate development climate index

In February, national real estate development climate index was 105.47, promoted 1.83 points month-on-month, and went up by 10.61 points over same period of previous year.

In terms of different indices, the investment index of real estate development was 101.83, came up 1.41 points month-on-month, promoted 9.95 points over same period of previous year; the index of capital sources was 119.67, up by 8.90 points month-on-month, and increased 27.06 points over same period of previous year; the index of floor spaces development was 88.39, went down by 7.3 points month-on-month, and 3.87 points decreased over same period of previous year; the index of vacant floor spaces of commercial buildings was 97.99, surged 1.21 points month-on-month, up by 2.53 points over same period of previous year; the index of floor spaces of buildings under construction was 109.30, promoted 6.79 points month-on-month, and boomed 14.44 points over same period of previous year.


Source: National Bureau of Statistics of China

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