By 1. The completion of real estate investment
The total investment in real estate development in 2012 was 7,180.4 billion yuan, a year-on-year growth of 16.2 percent (nominal growth rate. The real growth rate was 14.9 percent), decreased 0.5 percentage points over the first eleven months, dropped 11.9 percentage points over that in 2011. Of which, the investment in residential buildings was 4,937.4 billion yuan, up by 11.4 percent, 0.5 percentage points lower than that in the first eleven months, and accounted for 68.8 percent of real estate development investment.
In 2012, the real estate investment in eastern region stood at 4,054.1 billion yuan, up by 13.9 percent year-on-year, the growth rate down by 0.9 percentage points from January to November; the central region stood at 1,576.3 billion yuan, went up by 18.3 percent, and down by 1.1 percentage points; western region stood at 1,550.0 billion yuan, up 20.4 percent, and an increase of 0.9 percentage points.
In 2012, the floor space under construction by the real estate development enterprises accounted for 5,734.18 million square meters, up by 13.2 percent year-on-year, dropped 0.1 percentage points over the first eleven months. Of which, the floor space of residential building construction area was 4,289.64 million square meters, up 10.6 percent. The floor space started this year was 1,773.34 millions square meters, down by 7.3 percent; decreasing amplitude expanded 0.1 percentage points over the first eleven months. Specifically, the floor space of residential buildings started in the year amounted to 1,306.95 million square meters, went down by 11.2 percent. The floor space of buildings completed stood at 994.25 million square meters, went up by 7.3 percent, decreased 6.8 percentage points, of which, the floor space completed of residential buildings stood at 790.43 million square meters, went up by 6.4 percent.
In 2012, the land area purchased by the real estate development enterprises totaled 356.67 million square meters, a year-on-year decrease of 19.5 percent, and decreasing amplitude expanded 4.7 percentage points over the first eleven months. The total transaction of land topped 741.0 billion yuan, decreased 16.7 percent, decreasing amplitude expanded 6.4 percentage points over the first eleven months.
2. Sales of Commercial Buildings
In 2012, the floor space of commercial buildings sold stood at 1,113.04 million square meters, a year-on-year increase of 1.8 percent, and 0.6 percentage points lower over the first eleven months, declined 2.6 percentage points over that in 2011. Of the total, the floor space of residential buildings increased 2.0 percent, office building increased 12.4 percent, and buildings for business use decreased 1.4 percent. The sales of commercial buildings amounted to 6,445.6 billion yuan, an increase of 10.0 percent, and 0.9 percentage points higher over the first eleven months, decreased 1.1 percentage points over that in 2012. Specifically, the sales of residential buildings went up by 10.9 percent, office buildings up by 12.2 percent, buildings for commercial business up by 4.8 percent.
In 2012, the sale of floor space of commercial buildings in eastern region amounted to 532.24 million square meters, a year-on-year increase of 5.7 percent, 0.7 percent increased from January to November. The amount of sales stood at 3,841.3 billion yuan, went up by 12.9 percent, and increased 2.7 percentage points. The sale of floor space of commercial buildings in central region amounted to 301.40 million square meters, increased 2.0 percent, and decreasing amplitude decreased 1.8 percentage points over the first eleven months. The amount of sales stood at 1,302.0 billion yuan, climbed 8.5 percent, and decreased 2.8 percentage points over the first eleven months. The sale of floor space of commercial buildings in western region amounted to 279.40 million square meters, a decrease of 5.3 percent, and decreasing amplitude expanded 1.8 percentage points over the first eleven months. The amount of sales stood at 1,302.3 billion yuan, went up 3.7 percent, and decreased 0.5 percent from January to November.
At the end of December, the floor space of commercial housing for sale reached 364.60 million square meters, increased 28.93 million square meters compared with that at the end of November, increased 77.52 million square meters compared with that at the end of 2011. Of which, the residential buildings for sale increased 21.66 million square meters, office buildings increased 1.22 million square meters, buildings for business use climbed 3.48 million square meters.
3. Sources of Funds for Real Estate Development Enterprises
In 2012, the sources of funds for real estate development enterprises reached 9.653.8 billion yuan, up by 12.7 percent, 1.4 percentage points lower over the first eleven months, declined 4.8 percentage points over that in 2011. Specifically, the domestic loans stood at 1,477.8 billion yuan, increased 13.2 percent, foreign investment stood at 40.2 billion yuan, down by 48.8 percent, self-raising funds stood at 3,908.3 billion yuan, up by 11.7 percent, and other sources stood at 4,227.5 billion yuan, up by 14.7 percent. Among the other sources of funds, deposits and advance payments totaled 2,655.8 billion yuan, up by 18.2 percent, personal mortgage loans totaled 1,052.4 billion yuan, rose by 21.3 percent.
4. National Real Estate Climate Index
In December, the national real estate climate index was 95.59, dropped 0.12 points month-on-month.
Investment in Real Estate Developmentfor January-December | ||
Indicators | Absolute Value | Growth Rate Year-on-Year (%) |
Investment in Real Estate (100 million yuan) | 71804 | 16.2 |
Of which: Residential Buildings | 49374 | 11.4 |
Office Buildings | 3367 | 31.6 |
Buildings for Commercial Business | 9312 | 25.4 |
Floor Space under Construction (10,000 sq.m) | 573418 | 13.2 |
Of which: Residential Buildings | 428964 | 10.6 |
Office Buildings | 19434 | 21.5 |
Buildings for Commercial Business | 65814 | 17.6 |
Floor Space of Houses Newly Started (10,000 sq.m) | 177334 | -7.3 |
Of which: Residential Buildings | 130695 | -11.2 |
Office Buildings | 5986 | 10.9 |
Buildings for Commercial Business | 22007 | 6.2 |
Land Acquisition Area (10,000 sq.m) | 35667 | -19.5 |
Value of Land Transactions (100 million yuan) | 7410 | -16.7 |
Floor Space of Buildings Completed (10,000 sq.m) | 99425 | 7.3 |
Of which: Residential Buildings | 79043 | 6.4 |
Office Buildings | 2315 | 2.1 |
Buildings for Commercial Business | 10226 | 8.0 |
Floor Space of Commercial Buildings Sold (10,000 sq.m) | 111304 | 1.8 |
Of which: Residential Buildings | 98468 | 2.0 |
Office Buildings | 2254 | 12.4 |
Buildings for Business Use | 7759 | -1.4 |
Sales of Commercial Buildings (100 million yuan) | 64456 | 10.0 |
Of which: Residential Buildings | 53467 | 10.9 |
Office Buildings | 2773 | 12.2 |
Buildings for Commercial Business | 7000 | 4.8 |
Floor Space of Commercial Housing for Sale (10,000 sq.m) | 36460 | 27.0 |
Of which: Residential Buildings | 23619 | 30.6 |
Office Buildings | 1555 | 23.0 |
Buildings for Commercial Business | 7130 | 17.0 |
Sources of Funds for Real Estate Development Enterprises (100 million yuan) | 96538 | 12.7 |
Of which: Domestic Loans | 14778 | 13.2 |
Foreign Investment | 402 | -48.8 |
Self-raising Funds | 39083 | 11.7 |
Other Sources | 42275 | 14.7 |
Of Which: Deposits and Advantage Payments | 26558 | 18.2 |
Personal Mortgage Loans | 10524 | 21.3 |
Real Estate Investment in Eastern, | ||||
Regions | Investment (100 million yuan) | Growth Rate Y/Y (%) | ||
Residential Buildings | Residential Buildings | |||
National Total | 71804 | 49374 | 16.2 | 11.4 |
Eastern | 40541 | 27649 | 13.9 | 9.6 |
Central | 15763 | 11063 | 18.3 | 12.2 |
Western | 15500 | 10662 | 20.4 | 15.5 |
Sales of Commercial Buildings in Eastern, | ||||
Regions | Floor Space of Commercial Buildings Sold | Sales of Commercial Buildings | ||
Absolute
Value | Growth Rate Y/Y (%) | Absolute
Value | Growth Rate Y/Y (%) | |
National Total | 111304 | 1.8 | 64456 | 10.0 |
Eastern | 53224 | 5.7 | 38413 | 12.9 |
Central | 30140 | 2.0 | 13020 | 8.5 |
Western | 27940 | -5.3 | 13023 | 3.7 |
Annotations:
1. Explanation of Indicator
The total investment in real estate development this year: refers to the investment of all construction projects for housing, land development projects, public welfare construction and land acquisition costs in the reporting period. The index is cumulatively statistical data based on the principle of image progress.
Area of commercial buildings sold: refer total areas sold of new commercial buildings in the contract during the reporting period (i.e. area of floor space designated in the formal contract signed by both sides). The indicator is cumulative data.
Value of commercial buildings sold: refers to the total contracted vale of new commercial buildings for sale during the reporting period (i.e. the total value of sales for selling of commercial building as designated in the formal contract signed by both sides). This indicator is cumulative data, as well as the sale of floor space of commercial buildings.
The sources of funds for real estate development enterprises in the year: refers to various currencies and sources of real estate development funds actually available by the real estate development enterprises in the reporting period. Specifically, it includes domestic loans, foreign investment, self-raised funds and other funds. The index is cumulative data.
Floor space of buildings under construction: refers to the total floor space of all buildings by the real estate development enterprises during the reference time. Including floor space newly started in current year, floor space of continued construction of the building from the former period, floor space of stopped or postponed in the previous period but recovered in current year, floor space completed during current year, and newly started floor space in current year but postponed. Floor space under construction of multi-storey buildings refers to the total floor space of all stories.
Floor space of houses newly started: refers to floor space of houses newly started by the e real estate development enterprises during the reference time, the unit project as the accounting object. Not including continued construction area of housing which started in the previous period, and restarted construction area in the current year but stopped or postponed in the previous period. Specific due date is subject to starts to housing officially began ground-breaking gouge (ground treatment or permanent piles). Floor space of houses newly started refers to the entire floor spaces of whole building; the calculation can not be separated.
Floor space of buildings completed: refers to housing construction during the reporting period have been completed in accordance with design requirements, achieved to living and conditions of use, acceptance of accreditation standards or to the final acceptance, total building areas could formally handed over to be used.
Land acquisition area: refers to land area by the real estate development enterprises in the year through various ways to obtain land.
Value of land transactions: refers to final amount of transactions of land use rights by the real estate development enterprises. In the primary land market, refers to the final section of land allocation, "auction" price and sale price; the secondary land market, refers to the finalize the contract price on land transfer, lease, mortgage, etc.. Price of land transactions and land acquisition area are the same scope, December calculate the average purchase price of land.
2. Statistics coverage
All real estate development and corporate business units.
3. Survey methods
Collected monthly with complete enumeration (no report in January).
4. Brief description on national real estate climate index
National real estate climate index fluctuations follow by the economic cycle theory, according to the business cycle theory and business cycle analysis, based on the use of time series, multivariate statistical, econometric analysis, use the real estate development and investment as the benchmarks, selected related indicators such as real estate investment, capital, area, sales, conducted by the seasonal factors and random factors, adopting the growth rate cycle method. National real estate index selected year 2000 as the base year, its growth rate set at 100. Typically, the most appropriate level of national real estate climate index is 100, the moderate level is between 95 and 105, the lower level is below 95, and the higher level is above 105.
5. Division on Eastern, Central and Western Regions
Eastern region includes Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Jilin, Heilongjiang, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang.
6. Calculation on Growth Rate
The growth rate of real estate investment is nominal growth rate, due to the investment in fixed assets price index was calculated on quarterly, in addition to the January-March, January-June, January-September, and January-December was calculated on computable real growth rate, the other months only calculated the nominal growth rate.
According to the survey program, the annual report data was used instead of fast report data at the end of 2011, the related growth rates have been adjusted accordingly.
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