China National Real Estate Development and Sales in the Six Months of 2016

china  real estate investmentNational Bureau of Statistics of China 2016-07-15 16:52.  1. The completion of real estate investment. The total investment in real estate development in the first six months of 2016 was 4,663.1 billion yuan, a nominal increase of 6.1percent year-on-year(The real growth rate was 8.0 percent), and the growth rate went down by 0.9 percentage points over the first fivemonths;. Of which, the investment in residential buildings was 3,114.9 billion yuan, up by5.6 percent, 1.2 percentage points lower, and accounted for 66.8 percent of real estate development investment

China National Real Estate Development and Sales

In the first six months, the real estate investment in eastern region stood at 2,658.9 billion yuan, up by 4.6 percent year-on-year, and the growth rate went down by 1.4 percentage points over the first fivemonths; the central region stood at 974.7 billion yuan, went up by 10.0 percent, and the growth rate was down by 1.6 percentage point over the first five months of 2016; western region stood at 1,029.4 billion yuan, up by 6.5 percent, went up by 0.7 percentage points.

In the first six months, the floor space under construction by the real estate development enterprises accounted for 66,975.0 million square meters, down by 5.0 percent year-on-year, the growth rate was down by 0.6 percentage point over the first five months of 2016. Of which, the floor space of residential building construction area was4,594.44 million square meters, down by 3.4 percent. The floor space started this year was 775.37millions square meters, up by 14.9 percent, down by 3.4 percentage points over the first five months of 2016.The floor space of residential buildings started in the year amounted to 534.33 million square meters, up by 14.0 percent. The floor space of buildings completed stood at 395.46 million square meters, went up by 20.0 percent, wentdown by 0.4percentage points over the first five months of 2016. Of which, the floor space completed of residential buildings stood at 290.24million square meters, went up by 19.2 percent.

In the first six months, the land area purchased by the real estate development enterprises totaled 95.02million square meters, a year-on-year decrease of 3.0 percent, and the pace of decrease narrowed by 2.9 percentage points over the first five months. The total transaction of land reached 315.9 billion yuan, increased 10.2 percent, and that of the first five monthswas up by 5.5 percent.

China National Real Estate Development and Salesb

  1. Sales of Commercial Buildings

In the first six months, the floor space of commercial buildings sold stood at 643.02million square meters, a year-on-year increase of 27.9 percent,and was down by 5.3 percentage points over the first five months of 2016.Of the total, the floor space of residential buildings increased 28.6 percent, office building increased 40.5 percent, and buildings for business use increased 13.4 percent. The sales of commercial buildings amounted to 4,868.2 billion yuan, anincrease of 42.1 percent, the rate of growth went down by8.6 percentage points. Specifically, the sales of residential buildings went up by 44.4 percent, office buildings up by 61.6 percent, buildings for commercial business increased 15.6 percent.

china Sales of Commercial Buildings

In the first six months, the sale of floor space of commercial buildings in eastern region amounted to 3,164.7million square meters, a year-on-year increase of 32.1 percent, and was down by 8.3 percentage points over the first five months of 2016.The amount of sales stood at 3,137.5 billion yuan, went up by 50.8 percent, the rate of growth narrowed 12.1 percentage. The sale of floor space of commercial buildings in central region amounted to 171.94 million square meters, increased 30.7percent, and the pace of increase narrowed by 2.5 percentage points. The amount of sales stood at 937.2billion yuan, increased 39.6percent, and the pace of increase narrowed by 4.2 percentage points. The sale of floor space of commercial buildings in western region amounted to 154.61million square meters, anincrease of 17.6 percent, the growth rate was down by 2.7 percentage points. The amount of sales stood at 793.5 billion yuan, went up by 17.8 percent, the growth rate was down by 2.6 percentage points.

At the end of June, the floor space of commercial housing for sale reached 714.16 million square meters, decreased 7.53 million square meters compared with that at the end of May. Of which, the residential buildings for sale decreased  7.70million square meters, office buildings increased 0.86 million square meters, buildings for business use went up by 0.44million square meters.

  1. Sources of Funds for Real Estate Development Enterprises

In the first six months, the sources of funds for real estate development enterprises reached 6,813.5 billion yuan,up by 15.6percent year-on-year, down by 1,2 percent over the first five months of 2016. Specifically, the domestic loans stood at 1,093.9billion yuan, increased 1.0 percent, foreign investment stood at 6.6billion yuan, a decrease of 63.2 percent, self-raising funds stood at 2,381.6billion yuan, down by 0.1 percent, and other sources stood at 3,331.4 billion yuan, up by38.3 percent. Among the other sources of funds, deposits and advance payments totaled 1,893.4 billion yuan, increased 34.1 percent, personal mortgage loans totaled 1,124.5billion yuan, up by 57.0 percent.

 

china Sources of Funds for Real Estate Development Enterprises

  1. National Real Estate Climate Index

In June, the national real estate climate index was 94.40, increased 0.08 points month-on-month.

Investment in Real Estate Development for January-June

Indicators Absolute

Value

Growth Rate

Year-on-Year

(%)

     
 Investment in Real Estate (100 million yuan) 46631 6.1
  Of which: Residential Buildings 31149 5.6
      Office Buildings 3016 10.1
      Buildings for Commercial Business 7229 7.8
 Floor Space under Construction (10,000 sq.m) 669750 5.0
  Of which: Residential Buildings 459444 3.4
      Office Buildings 31529 11.2
      Buildings for Commercial Business 92994 8.2
 Floor Space of Houses Newly Started (10,000 sq.m) 77537 14.9
  Of which: Residential Buildings 53433 14.0
      Office Buildings 3132 16.5
      Buildings for Commercial Business 10542 5.8
 Land Acquisition Area (10,000 sq.m) 39546 20.0
 Value of Land Transactions (100 million yuan) 29024 19.2
 Floor Space of Buildings Completed (10,000 sq.m) 1213 7.8
  Of which: Residential Buildings 4805 21.1
      Office Buildings 9502 -3.0
      Buildings for Commercial Business 3159 10.2
 Floor Space of Commercial Buildings Sold (10,000 sq.m) 64302 27.9
  Of which: Residential Buildings 57094 28.6
      Office Buildings 1496 40.5
      Buildings for Business Use 3875 13.4
 Sales of Commercial Buildings (100 million yuan) 48682 42.1
  Of which: Residential Buildings 41802 44.4
      Office Buildings 2112 61.6
      Buildings for Commercial Business 3852 15.6
 Floor Space of Commercial Housing for Sale (10,000 sq.m) 71416 8.6
  Of which: Residential Buildings 43598 1.8
      Office Buildings 3356 12.5
      Buildings for Commercial Business 15263 23.0
 Sources of Funds for Real Estate Development Enterprises

(100 million yuan)

68135 15.6
  Of which: Domestic Loans 10939 1.0
      Foreign Investment 66 -63.2
      Self-raising Funds 23816 -0.1
      Other Sources of Funds 33314 38.3
      Deposits and Advance Payments 18934 34.1
      Personal Mortgage 11245 57.0
     

Real Estate Investment in Eastern,

Central and Western Regions for January-June

Regions Investment

(100 million yuan)

  Growth Rate Y/Y (%)  
Residential Buildings Residential Buildings
         
National Total 46631 31149 6.1 5.6
Eastern 26589 17826 4.6 4.8
Central 9747 6819 10.0 10.8
Western 10294 6505 6.5 2.6
         

Sales of Commercial Buildings in Eastern,

Central and Western Regions for January-June

Regions Floor Space of Commercial Buildings Sold Sales of Commercial Buildings
Absolute

Value

(1000 Sq.m)

Growth Rate Y/Y (%) Absolute

Value

(100 million yuan)

Growth Rate Y/Y (%)
         
National Total 64302 27.9 48682 42.1
Eastern 31647 32.1 31375 50.8
Central 17194 30.7 9372 39.6
Western 15461 17.6 7935 17.8
         

Annotations: 

  1. Explanation of Indicator

 The total investment in real estate development this year: refers to the investment of all construction projects for housing, land development projects, public welfare construction and land acquisition costs in the reporting period. The index is cumulatively statistical data based on the principle of image progress.

 Area of commercial buildings sold: refer total areas sold of new commercial buildings in the contract during the reporting period (i.e. area of floor space designated in the formal contract signed by both sides). The indicator is cumulative data.

 Value of commercial buildings sold: refers to the total contracted vale of new commercial buildings for sale during the reporting period (i.e. the total value of sales for selling of commercial building as designated in the formal contract signed by both sides). This indicator is cumulative data, as well as the sale of floor space of commercial buildings.

 The sources of funds for real estate development enterprises in the year: refers to various currencies and sources of real estate development funds actually available by the real estate development enterprises in the reporting period. Specifically, it includes domestic loans, foreign investment, self-raised funds and other funds. The index is cumulative data.

 Floor space of buildings under construction: refers to the total floor space of all buildings by the real estate development enterprises during the reference time. Including floor space newly started in current year, floor space of continued construction of the building from the former period, floor space of stopped or postponed in the previous period but recovered in current year, floor space completed during current year, and newly started floor space in current year but postponed. Floor space under construction of multi-storey buildings refers to the total floor space of all stories.

 Floor space of houses newly started: refers to floor space of houses newly started by the real estate development enterprises during the reference time, the unit project as the accounting object. Not including continued construction area of housing which started in the previous period, and restarted construction area in the current year but stopped or postponed in the previous period. Specific due date is subject to starts to housing officially began ground-breaking gouge (ground treatment or permanent piles). Floor space of houses newly started refers to the entire floor spaces of whole building; the calculation can not be separated.

 Floor space of buildings completed: refers to housing construction during the reporting period have been completed in accordance with design requirements, achieved to living and conditions of use, acceptance of accreditation standards or to the final acceptance, total building areas could formally handed over to be used.

 Land acquisition area: refers to land area by the real estate development enterprises in the year through various ways to obtain land.

 Value of land transactions: refers to final amount of transactions of land use rights by the real estate development enterprises. In the primary land market, refers to the final section of land allocation, “auction” price and sale price; the secondary land market, refers to the finalize the contract price on land transfer, lease, mortgage, etc.. Price of land transactions and land acquisition area are the same scope, December calculate the average purchase price of land.

  1. Statistics coverage

 All real estate development and corporate business units.

  1. Survey methods

 Collected monthly with complete enumeration (no report in January).

  1. Brief description on national real estate climate index

 National real estate climate index fluctuations follow by the economic cycle theory, according to the business cycle theory and business cycle analysis, based on the use of time series, multivariate statistical, econometric analysis, use the real estate development and investment as the benchmarks, selected related indicators such as real estate investment, capital, area, sales, conducted by the seasonal factors and random factors, adopting the growth rate cycle method. National real estate index selected year 2000 as the base year, its growth rate set at 100. Typically, the most appropriate level of national real estate climate index is 100, the moderate level is between 95 and 105, the lower level is below 95, and the higher level is above 105.

  1. Division on Eastern, Central and Western Regions

 Eastern region includes Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang.

  1. Calculation on Growth Rate

The growth rate of real estate investment is nominal growth rate, due to the investment in fixed assets price index was calculated on quarterly, in addition to the January-June, January-June January-September, and January-December was calculated on computable real growth rate, the other months only calculated the nominal growth rate.

Original

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