I. completion of investment in real estate development

From January to August, national investment in real estate development totaled 8.8454 trillion yuan, an increase of 4.6 percent over the same period last year, and the growth rate was 1.2 percentage points higher than that in January-July. Of this total, residential investment was 6.5454 trillion yuan, an increase of 5.3 percent, or an increase of 1.2 percentage points.

From January to August, the investment in real estate development in the eastern region was 4.7329 trillion yuan, an increase of 5.5 percent over the same period last year, and the growth rate was 1.5 percentage points higher than that in January-July; the investment in the central region was 1.7605 trillion yuan, down 1.1 percent, or 2.0 percentage points; and the investment in the western region was 1.9966 trillion yuan, an increase of 7.9 percent, and the growth rate dropped 0.4 percentage points. Investment in the northeast region totaled 355.4 billion yuan, an increase of 4.0 percent, or an increase of 1.5 percentage points.

From January to August, the housing construction area of real estate development enterprises was 8.39734 billion square meters, an increase of 3.3 percent over the same period last year, and the growth rate was 0.3 percentage points higher than that of January-July. Of this total, the residential construction area was 5.92216 billion square meters, an increase of 4.3%. The area of new housing starts was 1.39917 billion square meters, down 3.6 percent, or 0.9 percentage points. Of this total, the new housing construction area was 1.02486 billion square meters, down 4.3 percent. The area of houses completed was 371.07 million square meters, down 10.8 percent, or 0.1 percentage points lower. Of this total, the completed residential area was 264.98 million square meters, down 9.7%.

From January to August, the land purchase area of real estate development enterprises was 119.47 million square meters, down 2.4 percent from the same period last year, an increase of 1.4 percentage points over January-July. The transaction price of land was 708.8 billion yuan, an increase of 11.2 percent, and the growth rate dropped by 1.0 percentage points.

II. Sales and waiting for sale of commercial housing

From January to August, the sales area of commercial housing was 984.86 million square meters, down 3.3 percent from the same period last year, which was 2.5 percentage points lower than that in January-July. Of this total, the sales area of residential buildings decreased by 2.5%, the sales area of office buildings decreased by 19.5%, and the sales area of commercial housing decreased by 17.0%. Commercial housing sales totaled 9.6943 trillion yuan, up 1.6% from January to July, down 2.1%. Of this total, residential sales increased by 4.1%, office sales decreased by 18.0%, and sales of commercial housing decreased by 19.9%.

 

From January to August, the sales area of commercial housing in the eastern region was 406.14 million square meters, an increase of 0.8% over the same period last year. In January-July, sales were down 2.2%; sales were 5.4065 trillion yuan, up 6.6%, or 4.6% higher than in January-July. The sales area of commercial housing in the central region was 263.3 million square meters, down 8.5%, or 2.6%, while sales were 1.9072 trillion yuan, down 7.8%, or 2.8%. The sales area of commercial housing in the western region was 275.25 million square meters, down 2.7 percent, or 1.5 percentage points; sales were 2.0424 trillion yuan, up 0.3 percent and 2.5 percent from January to July. The sales area of commercial housing in Northeast China was 40.17 million square meters, down 10.2%, or 4.3%, while sales were 338.1 billion yuan, down 5.8%, or 3.7%.

At the end of August, the area of commercial housing for sale was 500.52 million square meters, 6.39 million square meters less than at the end of July. Among them, the area for sale of residential buildings decreased by 7.05 million square meters, the area of office buildings for sale decreased by 170000 square meters, and the area of commercial housing for sale increased by 270000 square meters.

III. Funds in place for real estate development enterprises

From January to August, real estate development enterprises allocated 11.7092 trillion yuan, an increase of 3.0 percent over the same period last year, and the growth rate was 2.2 percentage points higher than that of January-July. Of this total, domestic loans totaled 1.8016 trillion yuan, up 4.0 percent; utilized foreign capital totaled 10.1 billion yuan, up 24.5 percent; self-raised funds totaled 3.732 trillion yuan, up 3.6 percent; deposits and prepayments totaled 3.8837 trillion yuan, up 1.2 percent; and personal mortgage loans totaled 1.8957 trillion yuan, up 8.6 percent.

IV. Prosperity Index of Real Estate Development

In August, the real estate development climate index (referred to as the "National Housing Prosperity Index") was 100.33, an increase of 0.24 points over July.

Table 1 National real estate development and sales from January to August 2020

Index

Absolute quantity

Year-on-year growth (%)

Investment in real estate development (100 million yuan)

88454

4.6

Among them: residential

65454

5.3

Office building

3821

-1.0

Commercial housing

8209

-2.9

Construction area of the house (10,000 square meters)

839734

3.3

Among them: residential

592216

4.3

Office building

34499

-1.1

Commercial housing

86534

-8.4

New floor space for housing construction (10,000 square meters)

139917

-3.6

Among them: residential

102486

-4.3

Office building

4220

-5.8

Commercial housing

11392

-6.4

The completed area of the house (10,000 square meters)

37107

-10.8

Among them: residential

26498

-9.7

Office building

1282

-16.9

Commercial housing

3847

-22.9

Land purchase area (10,000 square meters)

11947

-2.4

Land transaction price (100 million yuan)

7088

11.2

Sales area of commercial housing (10,000 square meters)

98486

-3.3

Among them: residential

87200

-2.5

Office building

1832

-19.5

Commercial housing

4956

-17.0

Sales of commercial housing (100 million yuan)

96943

1.6

Among them: residential

86769

4.1

Office building

2646

-18.0

Commercial housing

5333

-19.9

The area of commercial housing for sale (10,000 square meters)

50052

0.5

Among them: residential

22835

0.2

Office building

3780

3.1

Commercial housing

13031

-2.3

Real estate development enterprises put in funds (100 million yuan)

117092

3.0

Among them: domestic loans

18016

4.0

Utilization of foreign capital

one hundred and one

24.5

Self-financing

37320

3.6

Deposit and advance payment

38837

1.2

Personal mortgage loan

18957

8.6

Table 2 Investment in real estate development in the eastern, central, western and northeast regions from January to August 2020

Land area

Investment amount (100 million yuan)

　

Year-on-year growth (%)

　

Live in a house

Live in a house

National total

88454

65454

4.6

5.3

Eastern region

47329

34239

5.5

5.4

The central region

17605

13816

-1.1

0.6

The western region

19966

14709

7.9

9.7

Northeast China

3554

2690

4.0

4.8

Table 3 Real estate sales in the eastern, central, western and northeast regions from January to August 2020

Land area

Sales area of commercial housing

Sales of commercial housing

Absolute number (10,000 square meters)

Year-on-year growth (%)

Absolute number (100 million yuan)

Year-on-year growth (%)

National total

98486

-3.3

96943

1.6

Eastern region

40614

0.8

54065

6.6

The central region

26330

-8.5

19072

-7.8

The western region

27525

-2.7

20424

0.3

Northeast China

4017

-10.2

3381

-5.8

Notes

1. Index interpretation

Investment completed by real estate development enterprises this year: refers to all investments completed during the reporting period for housing construction projects, land development projects, public welfare buildings and land purchase fees. The indicator is cumulative data.

Commercial housing sales area: refers to the total contract area for the sale of newly built commercial houses during the reporting period (that is, the building area recognized in the formal sale and purchase contract signed by both parties). The indicator is cumulative data.

Sales of commercial housing: refers to the total contract price for the sale of newly built commercial houses during the reporting period (that is, the total contract price recognized in the formal sale and purchase contract signed by both parties). This index is the same caliber as the sales area of commercial housing, and it is also cumulative data.

Commercial housing for sale area: refers to the commercial housing construction area that has not yet been sold or leased among the commercial housing construction area that has been completed for sale or rental at the end of the reporting period, including the housing area completed in the previous year and completed in the current period, however, it does not include the unsalable or rented housing areas such as demolition, unified construction, public supporting buildings, real estate companies' self-use and revolving houses, which have been completed in the reporting period.

Real estate development enterprises put in place funds this year: refers to various monetary funds and sources that can actually be used for real estate development during the reporting period of real estate development enterprises. Specifically subdivided into domestic loans, the use of foreign capital, self-financing, deposit and advance collection, personal mortgage loans and other funds. The indicator is cumulative data.

Building construction area: refers to the total building area constructed by real estate development enterprises during the reporting period. Including the area of new construction in the current phase, the housing area in which the construction continued in the previous period, the housing area in which the construction was suspended and resumed in the current period, the housing area completed in the current phase and the housing area in which the construction was suspended after the construction in the current phase. The construction area of a multi-storey building refers to the sum of the building area of each floor.

New housing construction area: refers to the housing area of the new construction of the real estate development enterprise during the reporting period, taking the unit project as the accounting object. It does not include the floor area of houses that started in the previous period and continued construction in the reporting period, and the floor area of buildings that were suspended in the previous period and resumed in the current period. The construction of the house shall be based on the date on which the house officially begins to break the earth trench (foundation treatment or permanent pile). The new construction area of the house refers to the total floor area of the whole house and cannot be calculated separately.

The completed area of the house: refers to the sum of the building area of each house that has been completed in accordance with the design requirements, meets the living and use conditions, passes the acceptance appraisal or meets the completion acceptance standard, and can be formally transferred for use during the reporting period.

Land purchase area: refers to the land area of real estate development enterprises that have obtained the right to the use of land by various means during the year.

Land transaction price: refers to the final amount of land use right transactions conducted by real estate development enterprises. In the primary market of land, it refers to the final allocation of land, the price of "recruitment and auction" and the transfer price; in the secondary market of land, it refers to the final contract price such as land transfer, lease, mortgage and so on. The transaction price of land is of the same caliber as the purchase area of land, and the average purchase price of land can be calculated.

two。 Statistical range

All real estate development and operation legal entities with development and operation activities.

3. Investigation method

A comprehensive survey is conducted on a monthly basis (except January).

4. A brief description of the National Real Estate Development Prosperity Index

The National Real Estate Development Prosperity Index (abbreviated as "National Housing Prosperity Index") follows the theory of economic cycle fluctuation, based on the theory and analysis method of business cycle, using time series, multivariate statistics and econometric analysis methods, taking real estate development investment as the benchmark index, selects the relevant indicators of real estate investment, capital, area and sales, excluding the influence of seasonal factors, including random factors. It is compiled by the growth rate cycle method, and the historical data are revised every month according to the newly added data. The National Housing Prosperity Index chooses 2012 as the base year and sets its growth level at 100. In general, the National Housing Prosperity Index of 100 points is the most appropriate level of prosperity, between 95 and 105 points is a moderate level of prosperity, below 95 is a lower level of prosperity, and more than 105 is a high level of prosperity.

5. Division of eastern, central, western and northeast regions

The eastern region includes 10 provinces (cities) of Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan; the central region includes 6 provinces (cities) of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan; the western region includes 12 provinces (municipalities and autonomous regions) of Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang. The northeast region includes three provinces: Liaoning, Jilin and Heilongjiang.

 

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