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Chinese National Real Estate Climate Index Decreased in August
added: 2008-09-19

In August, the national real estate climate index was 101.78, 0.58 and 2.70 points lower than the previous month, and over the same period last year.

The investment index of real estate development was 104.40, down by 0.37 from July, while that 0.68 points higher over same period of previous year. The total investment in real estate development from January to August was up to 1843.0 billion yuan, up by 29.1 percent from the same period last year. Investment in residential buildings reached 1338.5 billion yuan, 31.7 percent of increase. Of which, the completed investment in economically affordable housings was 54.7 billion yuan, rose by 21.7 percent

The index of capital source was 97.26, 2.02 and 5.65 points of decrease from July and same period of previous year. From January to August, the position fund of real estate development enterprises reached 2510.2 billion yuan, a year-on-year increase of 14.1 percent. Of which, domestic loans, utilization of foreign investment, and self-rising funds achieved 504.9, 44.9 and 980.9 billion yuan, up by 11.5, 21.0 and 34.5 percent respectively.

The index of land space development was 96.42, 0.29 and 1.35 points of decrease from July and same period of previous year. From January to August, the land space developed by real estate development enterprises was up to 165 million square meters, a year-on-year increase of 2.1 percent.

The index of floor space of buildings under construction was 105.22, 0.65 and 0.34 points of decrease from July and same period of previous year. From January to August, the floor space of buildings under construction was 2316 million square meters, a year-on-year increase of 21.7 percent. Of this total, the floor space of residential housings was 1836 million square meters, up by 22.9 percent; the floor space of office buildings was 78.43 million square meters, up by 7.4 percent; that of the houses for business use was 242.42 million square meters, up by 13.5 percent.

The index of vacant floor space of commercial buildings was 103.9, down by 1.59 and 4.27 points from last month and same month last year. By the end of August, the vacant floor space of commercial buildings was 130 million square meters, a year-on-year increase of 8.7 percent. Of which, vacant floor space of residential housings stood at 65.55 million square meters, up by 8.7 percent, that of office buildings and houses for business use reached 8.22 and 40.12 million square meters, with a rise of 7.8 and 4.7 percent respectively.


Source: National Bureau of Statistics of China

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