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Operation of the National Real Estate Market in the 1st 3Qs

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China's property climate index up for sixth straight month

I. The completion of real estate development

In the first three quarters, the total investment in real estate development amounted to 2,505.0 billion yuan, up by 17.7 percent year-on-year, and went up by 3.0 percentage points over first eight months, while that of a decrease of 8.8 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 1,758.2 billion yuan, 13.4 percent of increase year-on-year, picking up 2.5 percentage points over first eight months, or 15.3 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.

In the first three quarters, the floor spaces under construction of real estate development enterprises in the whole country stood at 2775 million square meters, a year-on-year increase of 15.4 percent, went up by 1.9 percentage points over first eight months; the new started floor spaces of housing stood at 732 million square meters, declined 0.4 percent year-on-year, and 5.5 percentage points narrowed over first eight months; the floor spaces completed reached 334 million square meters, climbing up 24.7 percent year-on-year, or 0.4 percentage points increased over first eight months. Of which, the floor spaces completed of residential buildings hit 277 million square meters, went up 26.7 percent, or decreased 0.1 percentage points over first eight months.

In the first three quarters, the floor spaces purchased of real estate development enterprises in the whole country reached 214.51 million square meters, dropped 22.1 percent year-on-year; the floor spaces developed hit 167.06 million square meters, decreased 6.6 percent year-on-year.

II. Sales of commercial buildings

In the first three quarters, the floor spaces of commercial buildings sold accounted for 583.71 million square meters, surging up 44.8 percent year-on-year. Of the total, the floor spaces of residential buildings sold increased 46.4 percent; that of office buildings boomed 23.5 percent; that of buildings for commercials uses went up by 30.6 percent. In the first three quarters, the total sales of commercial buildings amounted to 2,753.2 billion yuan, up by 73.4 percent year-on-year. Of which, the sales of commercial residential buildings surged 78.2 percent, that of office buildings and buildings for commercial uses increased 37.1 and 49.2 percent respectively.

III. The funds sources of real estate development enterprises

In the first three quarters, the funds sources of real estate development enterprises reached 3,899.1 billion yuan, a year-on-year increase of 38.8 percent. Of the total, domestic loans amounted to 819.0 billion yuan, up by 47.2 percent; that of utilization of foreign funds reached 35.9 billion yuan, decreased 26.2 percent; that of self-financing funds hit 1,278.7 billion yuan, went up by 14.5 percent; that of other funds accounted for 1,765.4 billion yuan, rose by 62.4 percent. In view of the other funds, deposits and advantage payments totaled 1,026.9 billion yuan, ballooned 52.0 percent; and that of personal mortgage loans stood at 534.5 billion yuan, promoted 107.7 percent.

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