National Real Estate Development and Sales in January to June 2022

1. The Completion of Real Estate Investment

From January to June, the national real estate development investment was 6,831.4 billion yuan, a year-on-year decrease of 5.4 percent; among them, the residential investment was 5,180.4 billion yuan, down 4.5 percent.

Growth Rate of Investment in Real Estate Development

From January to June, the construction area of real estate development enterprises was 8,488.12 million square meters, a year-on-year decrease of 2.8 percent. Among them, the residential construction area was 5,994.29 million square meters, down 2.9 percent. The new construction area of houses was 664.23 million square meters, down 34.4 percent. Among them, the new construction area of residential buildings was 488 million square meters, down 35.4 percent. The completed area of houses was 286.36 million square meters, down 21.5 percent. Among them, the completed residential area was 208.58 million square meters, a decrease of 20.6 percent.

2. Sales of Commercial Buildings

From January to June, the sales area of commercial housing was 689.23 million square meters, a year-on-year decrease of 22.2 percent; among them, the residential sales area decreased by 26.6 percent. The sales volume of commercial housing was 6,607.2 billion yuan, down 28.9 percent; among them, residential sales decreased by 31.8 percent.

Growth Rate of Floor Space and Sales of Commercial Buildings Sold

At the end of June, the area of commercial housing for sale was 547.84 million square meters, an increase of 7.3 percent year-on-year. Among them, the residential area for sale increased by 13.5 percent.

3. Sources of Funds for Real Estate Development Enterprises

From January to June, real estate development enterprises paid in 7,684.7 billion yuan, a year-on-year decrease of 25.3 percent. Among them, domestic loans were 980.6 billion yuan, down 27.2 percent; foreign capital utilization was 5.5 billion yuan, an increase of 30.7 percent; self-raised funds were 2,722.4 billion yuan, down 9.7 percent; deposits and advance receipts were 2,460.1 billion yuan, down 37.9 percent; and personal mortgage loans were 1,215.8 billion yuan, down 25.7 percent.

Growth Rate of Sources of Funds for Real Estate Development Enterprises

4. National Real Estate Climate Index

In June, the real estate development climate index (hereinafter referred to as "national real estate climate index") was 95.40.

National Real Estate Climate Index

Investment in Real Estate Development for January to June

Real Estate Investment in Eastern, Central and Western Regions

Sales of Commercial Buildings in Eastern, Central and Western Regions for January to June

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.

Area for sale of commercial housing: refers to the area of commercial housing that has not been sold or leased among the completed construction areas of commercial housing available for sale or lease at the end of the reporting period, including the area of housing completed in the previous year and the current period, but excluding the area of housing that cannot be sold or leased, such as demolition and reconstruction, unified construction agency, public supporting buildings, self-use of real estate companies and revolving houses that have been completed in the reporting period.

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-story 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 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 cannot 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 hand 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

The national real estate climate index follows the theory of economic cycle fluctuation, based on the business cycle theory and business cycle analysis, using time series, multivariate statistics, econometric analysis, taking real estate development and investment as the benchmarks, selecting related indicators such as real estate investment, capital, area, sales, excluding the impact of seasonal factors, including random factors, compiled by adopting the growth rate cycles method. The historical data will be revised monthly according to the newly added data. National real estate index selected year 2012 as the base year, and its growth rate was 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, Western and Northeastern Regions

Eastern region includes Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central region includes Shanxi, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western region includes Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern region includes Liaoning, Jilin, and Heilongjiang.

Source: <www.stats.gov.cn/english/PressRelease/202207/t20220718_1886646.html>