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China's National Real Estate Climate Index Climbs

National Bureau of Statistics of China says in August the national real estate climate index was 104.48, 0.48 and 1.17 points higher than the previous month and the same period last year, respectively.

The investment index of real estate development was 103.72, up by 0.31 points from July, while jumping 2.06 points compared with the same month last year. The total investment in real estate development from January to August valued at RMB1.42 trillion, surging 29.0 percent from the same period last year.

Investment in commercial buildings reached 1,016.1 billion yuan, 30.9 percent of increase. Of which, the completed investment in economically affordable housings was RMB44.9 billion, rose by 28.8 percent.

The index of land space development was 97.77, down by 0.16 points compared with the previous month, or declined by 2.60 points from the same period last year. From January to August, the land space developed by real estate development enterprises was 164 million square meters, a year-on-year rise of 15.3 percent.

The index of vacant floor space of commercial buildings was 108.17, surging 1.38 points from last month, or up by 7.50 points from the same month last year. By the end of August, the vacant floor space of commercial buildings was 119 million square meters, a year-on-year decrease of 2.0 percent. Of which, commercial buildings that unused was 60.29 million square meters, decreased 9.3 percent.





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