Real estate investment in China increased by 18.5% during the first five months of this year compared to 2011, a slowdown from annual growth of 18.7 percent in the first four months. Overall investment reached RMB 2.22 trillion according to figures published by the National Bureau of Statistics on Saturday.
Among the more outstanding changes compared to 2011, in terms of floor area, construction starts decreased 4.3% to 728.6 million square meters in the first five months this year. Also, commercial and residential real estate sales totaled RMB 1.69 trillion in the January to May period, down 9.1% from a year prior.
The following tables breakdown the investment data from the Bureau:
Property Investment
Actual investment in the sector (in billions of yuan and percentage change from a year earlier):
Floor space under construction (in millions of square metres and percentage change from a year earlier):
Floor space newly started for construction (in millions of square metres and percentage change from a year earlier):
Property Sales
Property sales measured by floor space (in millions of square metres and percentage change from a year earlier):
Property sales by value (in billions of yuan and percentage change from a year earlier):
Source of Funds into the Property Sector
Sources of funds raised (in billions of yuan and percentage change from a year earlier):
Outlook Index
Property outlook index (Real Estate Climate Index):
In general, the declines in growth rates shown in the figures demonstrate the impact that the government’s controls have had on the once-booming property market, where sales have fallen every month on a year-on-year basis since October. The Statistics Bureau’s figures on the real estate market are updated monthly so we will get you the data for the first half of the year in a month’s time.
Leave a Reply