National Bureau of Statistics (NBS): From January to September, national real estate development investment reached 6,770.6 billion yuan, down 13.9% YoY.

According to data from the National Bureau of Statistics (NBS), from January to September, national real estate development investment reached 6,770.6 billion yuan, down 13.9% YoY (calculated on a comparable basis, see note 6 for details); of which, residential investment was 5,204.6 billion yuan, down 12.9%.

I. Real Estate Development Investment Completion

From January to September, national real estate development investment was 6,770.6 billion yuan, a decrease of 13.9% YoY (calculated on a comparable basis, see note 6 for details); of which, residential investment amounted to 5,204.6 billion yuan, down 12.9%.

From January to September, the floor space of buildings under construction by real estate development enterprises was 6.4858 billion m², down 9.4% YoY. Of this, the floor space of residential buildings under construction was 4.5217 billion m², down 9.7%. The floor space of buildings newly started was 453.99 million m², down 18.9% YoY. Of this, the floor space of residential buildings newly started was 332.73 million m², down 18.3%. The floor space of buildings completed was 311.29 million m², down 15.3% YoY. Of this, the floor space of residential buildings completed was 222.28 million m², down 17.1%.

II. Sales and Pending Sale of New Commercial Buildings

From January to September, the floor space of new commercial buildings sold was 658.35 million m², down 5.5% YoY; of which, the floor space of residential buildings sold decreased by 5.6%. The sales volume of new commercial buildings was 6,304 billion yuan, down 7.9% YoY; of which, residential sales fell by 7.6%.

At the end of September, the floor space of commercial buildings pending sale was 759.28 million m², a decrease of 2.41 million m² compared to the end of August. Of this, the floor space of residential buildings pending sale decreased by 2.92 million m².

III. Funds Raised by Real Estate Development Enterprises

From January to September, funds raised by real estate development enterprises totaled 7,229.9 billion yuan, down 8.4% YoY. Of this, domestic loans were 1,129.4 billion yuan, down 1.4%; utilized foreign capital was 1.8 billion yuan, down 37.3%; self-raised funds were 2,611.1 billion yuan, down 9.3%; deposits and advance receipts were 2,113.8 billion yuan, down 10.3%; and individual mortgage loans were 988.4 billion yuan, down 10.6%.

IV. Real Estate Development Climate Index

In September, the Real Estate Development Climate Index (abbreviated as "National Real Estate Climate Index") was 92.78.