In 2018, the investment in real estate development increased by 9.5percent to 12026.4 billion yuan.

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 In 2018, the investment in real estate development increased by 9.5percent to 12026.4 billion yuan.


From January to December 2018, the investment in real estate development nationwide reached 12026.4 billion yuan, an increase of 9.5% over the previous year. The growth rate dropped by 0.2 percentage points from January to November, an increase of 2.5 percentage points over the same period last year. Among them, residential investment was 859.2 billion yuan, up 13.4%, down 0.2 percentage points from January to November and up 4 percentage points from last year. Residential investment accounts for 70.8% of real estate development investment.

In 2018, the investment in real estate development in the eastern region was 6435.5 billion yuan, up 10.9% from the previous year, down 0.4 percentage points from January to November; the investment in the central region was 2518 billion yuan, up 5.4%, down 0.5 percentage points; the investment in the western region was 260.9 billion yuan, up 8.9%, up 0.7 percentage points; and the investment in the northeastern region was 472 billion yuan, up 17.5%, up 13 percentage points.

In 2018, the construction area of real estate development enterprises was 8223 million square meters, an increase of 5.2% over the previous year, an increase of 0.5 percentage points over January-November and 2.2 percentage points over the previous year. Among them, the residential construction area was 569.987 million square meters, an increase of 6.3%. New housing construction area was 2093.42 million square meters, up 17.2%, 0.4 percentage points higher than January-November and 10.2 percentage points higher than last year. Among them, new residential construction area of 1533.53 million square meters, an increase of 19.7%. The completed area of houses was 935.5 million square meters, down 7.8%, 4.5 percentage points narrower than that in January-November and 3.4 percentage points wider than that in the previous year. Among them, the completed area of residential buildings was 660.16 million square meters, down 8.1%.

In 2018, the land purchasing area of real estate development enterprises was 29.14 million square meters, an increase of 14.2% over the previous year. The growth rate dropped 0.1 percentage points from January to November, a decrease of 1.6 percentage points over the previous year. The land transaction price was 1610.2 billion yuan, an increase of 18.0%, a decrease of 2.2 percentage points over January to November, a decrease of 31.4 percentage points over the previous year.

II. Sales and pending sale of commercial housing

In 2018, the sales area of commercial housing was 1716.54 million square meters, an increase of 1.3% over the previous year. The growth rate fell by 0.1 percentage points from January to November, and by 6.4 percentage points from the previous year. Among them, residential sales area increased by 2.2%, office sales area decreased by 8.3%, commercial sales area decreased by 6.8%. Sales of commercial housing reached 14997.3 billion yuan, up 12.2%, 0.1 percentage point higher than January-November and 1.5 percentage point lower than last year. Among them, residential sales grew by 14.7%, office sales fell by 2.6%, and commercial sales grew by 0.7%.

In 2018, the sales area of commercial housing in the eastern region was 676.41 million square meters, down 5.0% from the previous year, a decrease of 0.1 percentage points from January to November, and the sales volume was 7925.8 billion yuan, an increase of 6.5%, an increase of 0.9 percentage points. The sales area of commercial housing in central China was 506.95 million square meters, up 6.8%, and the growth rate fell by 1.1 percentage points; the sales volume was 3384.8 billion yuan, up 18.1%, and the growth rate dropped by 2.5 percentage points. The sales area of commercial housing in the western region was 453.96 million square meters, up 6.9%, and the growth rate increased by 0.3 percentage points; the sales volume was 311.27 billion yuan, up 23.4%, and the growth rate fell by 0.1 percentage points. The sales area of commercial housing in Northeast China was 79.22 million square meters, down 4.4%, which was the same as that in January-November. Sales of commercial housing in Northeast China increased by 7.0%, and the growth rate dropped by 0.3 percentage points.

At the end of 2018, the area of commercial housing for sale was 524.14 million square meters, 2.14 million square meters less than that at the end of November and 65.1 million square meters less than that at the end of last year. Among them, the area for sale of residential buildings decreased by 3.93 million square meters compared with the end of November, the area for sale of office buildings increased by 930,000 square meters, and the area for sale of commercial houses decreased by 1.66 million square meters.

III. Real Estate Development EnterprisesCapital in Place

In 2018, real estate development enterprises received 1659.63 billion yuan of capital, an increase of 6.4% over the previous year. The growth rate fell by 1.2 percentage points from January to November, and by 1.8 percentage points from the previous year. Among them, 24.05 billion yuan in domestic loans, a decrease of 49%, 10.8 billion yuan in foreign investment, a decrease of 35.8%; 5583.1 billion yuan in self-financing, an increase of 9.7%; 5541.8 billion yuan in deposits and advance receipts, an increase of 13.8%; 2370.6 billion yuan in personal mortgage loans, a decrease of 0.8%.

IV. Prosperity Index of Real Estate Development

In December, the real estate development boom index (referred to as the national housing boom index) was 101.85, down 0.09 points from November.

Table 1 Development and Sales of Real Estate in China from January to December 2018

index

Absolute quantity

Increase (%) over the previous year

Investment in Real Estate Development (RMB 100 million)

One hundred and twenty thousand two hundred and sixty-four

Nine point five

Among them: housing

Eighty-five thousand one hundred and ninety-two

Thirteen point four

Office Building

Five thousand nine hundred and ninety-six

-11.3

Commercial commercial housing

Fourteen thousand one hundred and seventy-seven

-9.4

Building construction area (10,000 square meters)

Eight hundred and twenty-two thousand and three hundred

Five point two

Among them: housing

Five hundred and sixty-nine thousand nine hundred and eighty-seven

Six point three

Office Building

Thirty-five thousand eight hundred and forty-two

-0.5

Commercial commercial housing

One hundred and two thousand six hundred and twenty-nine

-2.5

New building area (10,000 square meters)

Two hundred and nine thousand three hundred and forty-two

Seventeen Point Two

Among them: housing

One hundred and fifty-three thousand three hundred and fifty-three

Nineteen point seven

Office Building

Six thousand and forty-nine

-1.5

Commercial commercial housing

Twenty thousand and sixty-six

-2.0

Completed housing area (10,000 square meters)

Ninety-three thousand five hundred and fifty

-7.8

Among them: housing

Sixty-six thousand and sixteen

-8.1

Office Building

Three thousand eight hundred and eighty-four

-3.1

Commercial commercial housing

Eleven thousand two hundred and fifty-nine

-11.1

Land acquisition area (10,000 square meters)

Twenty-nine thousand one hundred and forty-two

Fourteen point two

Land transaction price (RMB 100 million)

Sixteen thousand one hundred and two

Eighteen

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

One hundred and seventy-one thousand six hundred and fifty-four

One point three

Among them: housing

One hundred and forty-seven thousand nine hundred and twenty-nine

Two point two

Office Building

Four thousand three hundred and sixty-three

-8.3

Commercial commercial housing

Eleven thousand nine hundred and seventy-one

-6.8

Sales of commercial housing (RMB 100 million)

One hundred and forty-nine thousand nine hundred and seventy-three

Twelve point two

Among them: housing

One hundred and twenty-six thousand three hundred and ninety-three

Fourteen point seven

Office Building

Six thousand two hundred and seventy-seven

-2.6

Commercial commercial housing

Thirteen thousand three hundred and forty-nine

Zero point seven

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

Fifty-two thousand four hundred and fourteen

-11.0

Among them: housing

Twenty-five thousand and ninety-one

-16.8

Office Building

Three thousand six hundred and forty-nine

-0.4

Commercial commercial housing

Thirteen thousand seven hundred and ninety-three

-9.3

Real Estate Development Enterprises in Place Funds (RMB 100 million)

One hundred and sixty-five thousand nine hundred and sixty-three

Six point four

Among them: domestic loans

Twenty-four thousand and five

-4.9

Utilization of foreign capital

One hundred and eight

-35.8

Self financing

Fifty-five thousand eight hundred and thirty-one

Nine point seven

Deposit and advance

Fifty-five thousand four hundred and eighteen

Thirteen point eight

Personal Mortgage Loan

Twenty-three thousand seven hundred and six

-0.8

Table 22018 Real Estate Development Investment in East, Midwest and Northeast China

region

Investment amount

(billion yuan)

Increase over the previous year

(%)

residence

residence

National Total

One hundred and twenty thousand two hundred and sixty-four

Eighty-five thousand one hundred and ninety-two

Nine point five

Thirteen point four

Eastern Region

Sixty-four thousand three hundred and fifty-five

Forty-five thousand three hundred and fifty-two

Ten point nine

Fourteen

Central region

Twenty-five thousand one hundred and eighty

Eighteen thousand eight hundred and five

Five point four

Ten point six

Western Region

Twenty-six thousand and nine

Seventeen thousand six hundred and three

Eight point nine

Thirteen point five

Northeast China

Four thousand seven hundred and twenty

Three thousand four hundred and thirty-three

Seventeen point five

Twenty

Table 32018 Real Estate Sales in East, Midwest and Northeast China

region

Sales area of commercial housing

Sales of commercial housing

Absolute number

(10,000 square meters)

Increase over the previous year

(%)

Absolute number

(billion yuan)

Increase over the previous year

(%)

National Total

One hundred and seventy-one thousand six hundred and fifty-four

One point three

One hundred and forty-nine thousand nine hundred and seventy-three

Twelve point two

Eastern Region

Sixty-seven thousand six hundred and forty-one

-5.0

Seventy-nine thousand two hundred and fifty-eight

Six point five

Central region

Fifty thousand six hundred and ninety-five

Six point eight

Thirty-three thousand eight hundred and forty-eight

Eighteen point one

Western Region

Forty-five thousand three hundred and ninety-six

Six point nine

Thirty-one thousand one hundred and twenty-seven

Twenty-three point four

Northeast China

Seven thousand nine hundred and twenty-two

-4.4

Five thousand seven hundred and forty

Seven

Note appended

1. Indicator Interpretation

Real estate development enterprises completed investment this year: refers to the total amount of investment completed during the reporting period for housing construction projects, land development projects, public welfare construction and land acquisition fees. This indicator is cumulative data.

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

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

Saleable area of commercial housing: refers to the area of commercial housing that has not yet been sold or leased in the area of commercial housing completed at the end of the reporting period, including the area of housing completed in the previous year and the current period, but excluding the non-saleable or non-saleable areas such as demolition, demolition, reconstruction, public supporting buildings, self-use of real estate companies and swing houses completed in the reporting period. Rental housing area.

Real estate development enterprises in place funds this year: refers to real estate development enterprises in the reporting period can actually be used for real estate development of various monetary funds and source channels. It is divided into domestic loans, foreign capital utilization, self-financing, deposits and advances, personal mortgage loans and other funds. This indicator is cumulative data.

Housing construction area: refers to the total housing construction area constructed by real estate development enterprises during the reporting period. Including the area of the new construction in this period, the area of the house that went on Construction in the previous period, the area of the house that stopped construction in the previous period and resumed construction in this period, the area of the house that completed in this period and the area of the house that stopped construction after this period. The construction area of multi-storey buildings refers to the sum of the construction area of each storey.

New housing construction area: refers to the housing area newly started by real estate development enterprises during the reporting period, taking unit projects as the accounting object. It does not include the building area of the house which started in the previous period and continued to construct in the reporting period, and the building area which was suspended in the previous period and resumed in the current period. The construction of the house shall be based on the date when the earth-breaking groove (foundation treatment or permanent pile driving) of the house is officially started. The new building area refers to the whole building area of the whole building, which can not be calculated separately.

Housing completed area: refers to the total building area of each house that has been completed in accordance with the design requirements during the reporting period, which has met the living and use conditions, passed the acceptance test or met the acceptance criteria for completion, and can be officially handed over for use.

Land acquisition area: refers to the land area where real estate development enterprises acquire the right to use land in various ways during the year.

Land transaction price: refers to the final amount of land use right transactions carried out by real estate development enterprises. In the first-level land market, it refers to the final allocation, bidding price and transfer price of land; in the second-level land market, it refers to the final contract price of land transfer, lease, mortgage and so on. The transaction price of land is the same as the purchase area of land, and the average purchase price of land can be calculated.

2. Statistical Scope

All real estate development and operation legal person units with development and operation activities.

3. Investigation methods

A comprehensive survey was conducted monthly (except in January).

4. Brief Description of National Real Estate Development Prosperity Index

The National Real Estate Development Prosperity Index (hereinafter referred to as the National Housing Prosperity Index) follows the theory of economic cycle fluctuation. Based on the theory of prosperity cycle and the analysis method of prosperity cycle, using time series, multivariate statistics and econometric analysis methods, and taking the investment in real estate development as the benchmark index, the relevant indexes of real estate investment, capital, area and sales are selected, and the season is eliminated. The influence of factors, including random factors, is compiled by the growth rate cycle method, and the historical data are revised monthly according to the newly added data. The national housing boom index selected 2012 as the base year and set its growth level at 100. Usually, 100 points is the most appropriate level of prosperity, between 95 and 105 points is a moderate level of prosperity, below 95 is a low level of prosperity, above 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 Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang. Northeast China includes Liaoning, Jilin and Heilongjiang provinces.

Source: Responsible Editor of the National Bureau of Statistics: Li Hang_BJS 4645