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The Total Investment in Real Estate Development From January to May, Was 2,221.3bn Yuan

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Core Tip:   1. The completion of real estate investment The total investment in real estate development from January to May, was 2,221.3 billion yuan, a year-o

 

1. The completion of real estate investment

The total investment in real estate development from January to May, was 2,221.3 billion yuan, a year-on-year growth of 18.5 percent, 0.2 percentage points lower than that in the first four months. Of which, the investment in residential buildings was 1,509.8 billion yuan, up by 13.6 percent, 0.3 percentage points lower than that in the first four months, and accounted for 68.0 percent of real estate development investment.

National Real Estate Development and Sales for January to May 2012

From January to May, the real estate investment in eastern region stood at 1,303.6 billion yuan, up by 16.0 percent year-on-year, the growth rate up 0.8 percentage points from January to April; the central region stood at 447.2 billion yuan, went up by 22.3 percent, and down by 2.2 percentage points; western region stood at 470.5 billion yuan, up 22.5 percent, and a decrease of 1.3 percentage points.

National Real Estate Development and Sales for January to May 2012_1

From January to May, the floor space under construction by the real estate development enterprises accounted for 4,513.64 million square meters, up by 19.6 percent year-on-year, down by 1.6 percentage points over the first four months. Of which, the floor space of residential building construction area was 3,390.36 million square meters, up 17.3 percent. The floor space started this year was 728.59 millions square meters, down by 4.3 percent; decreasing amplitude expanded 0.1 percentage point over the first four months. Specifically, the floor space of residential buildings started in the year amounted to 538.82 million square meters, went down by 8.2 percent. The floor space of buildings completed stood at 273.06 million square meters, went up by 26.3 percent, decreased 3.9 percentage points, of which, the floor space completed of residential buildings stood at 218.15 million square meters, went up by 26.5 percent.

From January to May, the land area purchased by the real estate development enterprises totaled 135.32 million square meters, a year-on-year decrease of 18.7 percent, and decreasing amplitude narrowed 0.6 percentage points over the first four months. The total transaction of land topped 262.0 billion yuan, decreased 10.0 percent, decreasing amplitude narrowed 3.7 percentage points over the first four months.

National Real Estate Development and Sales for January to May 2012_2

2. Sales of Commercial Buildings

From January to May, the floor space of commercial buildings sold stood at 288.52 million square meters, a year-on-year decrease of 12.4 percent, and 0.1 percentage points lower over the first four months. Of the total, the floor space of residential buildings decreased 13.5 percent, office building increased 3.6 percent, and buildings for business use decreased 1.4 percent. The sales of commercial buildings amounted to 1,693.2 billion yuan, a decrease of 9.1 percent, and decreasing amplitude narrowed 2.7 percentage points. Specifically, the sales of residential buildings went down by 10.6 percent, office buildings down by 8.7 percent, buildings for commercial business up by 3.9 percent.

From January to May, the sale of floor space of commercial buildings in eastern region amounted to 140.98 million square meters, a year-on-year decrease of 14.1 percent, and decreasing amplitude decreased 1.4 percentage points over the first four months. The amount of sales stood at 1,025.9 billion yuan, went down by 12.1 percent, and decreasing amplitude decreased 3.3 percentage points. The sale of floor space of commercial buildings in central region amounted to 69.62 million square meters, a year-on-year decrease of 10.2 percent, and decreasing amplitude decreased 1.8 percentage points over the first four months. The amount of sales stood at 307.2 billion yuan, dropped 2.9 percent, and decreasing amplitude declined 3.2 percentage points over the first four months. The sale of floor space of commercial buildings in western region amounted to 77.92 million square meters, a decrease of 11.1 percent, and decreasing amplitude expanded 0.4 percentage points over the first four months. The amount of sales stood at 360.1 billion yuan, dropped 5.0 percent, and decreasing amplitude decreased 0.2 percentage points.

At the end of May, the floor space of commercial housing for sale reached 307.40 million square meters, increased 4.32 million square meters compared with that at the end of April. Of which, the residential buildings for sale increased 2.78 million square meters, office buildings increased 0.06 million square meters, buildings for business use increased 0.43 million square meters.

National Real Estate Development and Sales for January to May 2012_3

3. Sources of Funds for Real Estate Development Enterprises

From January to May, the sources of funds for real estate development enterprises reached 3,417.1 billion yuan, up by 5.7 percent, 0.6 percentage points higher over the first four months. Specifically, the domestic loans stood at 629.6 billion yuan, increased 8.5 percent, foreign investment stood at 16.8 billion yuan, down by 36.8 percent, self-raising funds stood at 1,451.8 billion yuan, up by 16.3 percent, and other sources stood at 1,318.8 billion yuan, down by 4.3 percent. Among the other sources of funds, deposits and advance payments totaled 792.6 billion yuan, dropped 4.0 percent, personal mortgage loans totaled 334.3 billion yuan, declined 2.9 percent.

National Real Estate Development and Sales for January to May 2012_4

4. National Real Estate Climate Index

In May, the national real estate climate index was 94.90, declined 0.72 points over the last month.

National Real Estate Development and Sales for January to May 2012_5

National Real Estate Development and Sales for January to May 2012_6

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 e 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 pervious 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 variety of 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, may calculate the average purchase price of land.

2. Statistics coverage

All real estate development and corporate business units.

3. Survey methods

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

4. 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.

5. 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.

6. Explanatory Notes on Growth Rate

The growth rate of private investment in fixed assets are calculated in nominal except that in Jan.- Mar., Jan.-Jun., Jan-Sep. and Jan.-Dec. in case of the price indices of investment in fixed assets are calculated on quarterly.

 
 
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