On October 19th, the National Bureau of Statistics of China released the investment and sales of real estate development from January to September in 2018.
From January to September in 2018, the national real estate development investment was 88.665 billion yuan, year-on-year increased 9.9%. The growth rate dropped 0.2 percentage points from January to August. From January to September, the sales area of commercial housing was 119.313 million square meters, up 2.9% year-on-year. The growth rate dropped 1.1 percentage points from January to August, and the growth rate dropped 0.2 percentage points from January to August. From January to September, the real estate development enterprises received funds of 1,218.8 billion yuan, year-on-year increased 7.8%. The growth rate was from January to August increase 0.9 percentage points; in September, the real estate development prosperity index (referred to as “national housing prosperity index”) was 101.99, improve 0.01 points compare with August.
- The completion of real estate development investment
From January to September in 2018, the national real estate development investment was 88.665 billion yuan, year-on-year increased 9.9%, and the growth rate dropped 0.2 percentage points from January to August. Among them, residential investment was 6.2806 trillion yuan, increased 14.0%, and the growth rate dropped 0.1 percentage points. Residential investment accounted for 70.8% of real estate development investment.
From January to September, the investment in real estate development in the eastern region was 4,760.3 billion yuan, up 11.0% year-on-year. The growth rate was 0.2 percentage points lower than that in January-August. The investment in the central region was 186.1 billion yuan, increased 8.4%, and the growth rate dropped 1.3 percentage points. The regional investment was 187.5 billion yuan, increased 7.5%, and the growth rate was increased 0.9 percentage points; the investment in the northeast region was 372.5 billion yuan, increased 16.5%, and the growth rate dropped 0.8 percentage points.
- Commercial housing saling situation
From January to September, the sales area of commercial housing was 1,193.13 million square meters. The growth rate dropped 1.1 percentage points from January to August. Among them, the sales area of residential buildings increased 3.3%, the sales area of office buildings decreased 9.3%, and the sales area of commercial business buildings decreased 1.1%. The sales of commercial housing was 1,0413 billion yuan, and the growth rate dropped 1.2 percentage points. Among them, residential sales increased by 15.6%, office sales decreased 5.0%, and commercial business sales increased 3.0%.