National Bureau of Statistics: investment in real estate development increased by 0.7% from January to March 2022

I. completion of investment in real estate development

From January to March, national investment in real estate development totaled 2.7765 trillion yuan, an increase of 0.7 percent over the same period last year, of which residential investment was 2.0761 trillion yuan, up 0.7 percent.

From January to March, the housing construction area of real estate development enterprises was 8.06259 billion square meters, an increase of 1.0% over the same period last year. Of this total, the residential construction area was 5.69045 billion square meters, an increase of 1.1%. The new construction area of the house was 298.38 million square meters, down 17.5%. Of this total, the new housing construction area was 215.58 million square meters, a decrease of 20.3%. The completed floor space of the house was 169.29 million square meters, down 11.5%. Of this total, the completed residential area was 123.23 million square meters, down 11.3%.

II. Sales and waiting for sale of commercial housing

From January to March, the sales area of commercial housing was 310.46 million square meters, down 13.8% from the same period last year. Sales of commercial housing totaled 2.9655 trillion yuan, down 22.7 percent, of which residential sales fell 25.6 percent.

At the end of March, the area of commercial housing for sale was 561.13 million square meters, an increase of 8.2% over the same period last year. Of this total, the area for sale of residential buildings increased by 14.2%.

III. Funds in place for real estate development enterprises

From January to March, the funds of real estate development enterprises reached 3.8159 trillion yuan, down 19.6% from the same period last year. Of this total, domestic loans totaled 552.5 billion yuan, down 23.5 percent; utilized foreign capital totaled 1 billion yuan, down 7.8 percent; self-raised funds totaled 1.2395 trillion yuan, down 4.8 percent; deposits and prepayments totaled 1.2252 trillion yuan, down 31.0 percent; and personal mortgage loans totaled 636.9 billion yuan, down 18.8 percent.

IV. Prosperity Index of Real Estate Development

In March, the real estate development climate index (referred to as the "national housing climate index") was 96.66.

"related readings:

National Bureau of Statistics: national fixed asset investment (excluding farmers) increased by 9.3% from January to March 2022

National Bureau of Statistics: industrial value added above scale increased by 5.0% in March 2022

National Bureau of Statistics: production of 396 million tons of raw coal in March increased by 14.8% over the same period last year

National Bureau of Statistics: the utilization rate of national industrial capacity was 75.8% in the first quarter of 2022.