National Bureau of Statistics (NBS): From January to November, national real estate development investment reached 7,859.1 billion yuan, down 15.9% YoY.

According to data released by the National Bureau of Statistics (NBS), from January to November, national real estate development investment amounted to 7,859.1 billion yuan, down 15.9% YoY; of which, residential investment was 6,043.2 billion yuan, down 15.0%.

I. Real Estate Development Investment Completion

From January to November, national real estate development investment reached 7,859.1 billion yuan, a decrease of 15.9% YoY (calculated on a comparable basis, see note 6 for details); of which, residential investment was 6,043.2 billion yuan, down 15.0%.

From January to November, the floor space of buildings under construction by real estate development enterprises was 6.5607 billion m², down 9.6% YoY. Of this, the floor space of residential buildings under construction was 4.5755 billion m², down 10.0%. The floor space of buildings newly started was 534.57 million m², down 20.5%. Of this, the floor space of residential buildings newly started was 391.89 million m², down 19.9%. The floor space of buildings completed was 394.54 million m², down 18.0%. Of this, the floor space of residential buildings completed was 281.05 million m², down 20.1%.

II. Sales and Pending Sale of New Commercial Buildings

From January to November, the floor space of new commercial buildings sold was 787.02 million m², down 7.8% YoY; of which, the floor space of residential buildings sold decreased by 8.1%. The sales volume of new commercial buildings was 7,513 billion yuan, down 11.1%; of which, residential sales volume fell by 11.2%.

At the end of November, the floor space of commercial buildings pending sale was 753.06 million m², a decrease of 3.01 million m² compared to the end of October. Of this, the floor space of residential buildings pending sale decreased by 2.84 million m².

III. Funds Available to Real Estate Development Enterprises

From January to November, funds available to real estate development enterprises totaled 8,514.5 billion yuan, down 11.9% YoY. Of this, domestic loans were 1,314.9 billion yuan, down 2.5%; utilized foreign capital was 2.3 billion yuan, down 24.6%; self-raised funds were 3,062.8 billion yuan, down 11.9%; deposits and advance receipts were 2,509.8 billion yuan, down 15.2%; and individual mortgage loans were 1,178.6 billion yuan, down 15.1%.

IV. Real Estate Development Climate Index

In November, the Real Estate Development Climate Index (abbreviated as "Nationwide Real Estate Climate Index") stood at 91.9.