Investment and sales of real estate development in China from January to May 2021

I. completion of investment in real estate development

From January to May, national investment in real estate development totaled 5.4318 trillion yuan, an increase of 18.3 percent over the same period last year, an increase of 17.9 percent over January to May 2019, with an average increase of 8.6 percent in two years. Of this total, residential investment was 4.075 trillion yuan, an increase of 20.7%.

From January to May, investment in real estate development in the eastern region totaled 2.9409 trillion yuan, up 16.8 percent over the same period last year; the central region invested 1.1359 trillion yuan, up 25.5 percent; the western region invested 1.1847 trillion yuan, up 16.4 percent; and the northeast region invested 170.3 billion yuan, up 13.2 percent.

From January to May, the housing construction area of real estate development enterprises was 8.39962 billion square meters, an increase of 10.1% over the same period last year. Of this total, the residential construction area was 5.93318 billion square meters, an increase of 10.5%. The new housing construction area was 743.49 million square meters, an increase of 6.9 percent. Of this total, the new housing construction area was 555.15 million square meters, an increase of 9.1%. The completed area of the house was 275.83 million square meters, an increase of 16.4%. Of this total, the completed residential area was 198.8 million square meters, an increase of 18.5%.

From January to May, the land purchase area of real estate development enterprises was 43.96 million square meters, down 7.5 percent from the same period last year, and the transaction price of land was 193.1 billion yuan, down 20.5 percent.

II. Sales and waiting for sale of commercial housing

From January to May, the sales area of commercial housing was 663.83 million square meters, an increase of 36.3 percent over the same period last year, an increase of 19.6 percent over January-May 2019, with an average growth rate of 9.3 percent in two years. Of this total, the sales area of residential buildings increased by 39.0%, the sales area of office buildings increased by 10.5%, and the sales area of commercial housing increased by 8.2%. Sales of commercial housing totaled 7.0534 trillion yuan, an increase of 52.4 percent, an increase of 36.2 percent over January to May 2019, with an average increase of 16.7 percent in two years. Of this total, residential sales increased by 56.5 percent, office sales increased by 24.9 percent, and commercial housing sales increased by 10.3 percent.

From January to May, the sales area of commercial housing in the eastern region was 283.85 million square meters, an increase of 42.5 percent over the same period last year, and sales were 4.1511 trillion yuan, an increase of 61.8 percent. The sales area of commercial housing in the central region was 180.03 million square meters, an increase of 41.3 percent, and sales were 1.376 trillion yuan, an increase of 55.3 percent. The sales area of commercial housing in the western region was 178.9 million square meters, up 24.9 percent, and sales were 1.3497 trillion yuan, up 31.0 percent. The sales area of commercial housing in Northeast China was 21.06 million square meters, an increase of 22.2 percent, and sales volume was 176.6 billion yuan, an increase of 22.3 percent.

At the end of May, the area of commercial housing for sale was 510.26 million square meters, 4.1 million square meters less than at the end of April. Among them, the area for sale of residential buildings decreased by 3.99 million square meters, the area of office buildings for sale decreased by 130000 square meters, and the area of commercial buildings for sale decreased by 70, 000 square meters.

III. Funds in place for real estate development enterprises

From January to May, real estate development enterprises allocated 8.138 trillion yuan, an increase of 29.9 percent over the same period last year, an increase of 22.0 percent over January-May 2019, with an average increase of 10.5 percent in two years. Of this total, domestic loans totaled 1.0873 trillion yuan, up 1.6 percent; utilized foreign capital totaled 2.5 billion yuan, down 26.5 percent; self-raised funds totaled 2.2686 trillion yuan, up 12.8 percent; deposits and prepayments totaled 3.1738 trillion yuan, up 62.9 percent; and personal mortgage loans totaled 1.34 trillion yuan, up 32.0 percent.

IV. Prosperity Index of Real Estate Development

In May, the real estate development climate index (referred to as the "National Housing Prosperity Index") was 101.17.