Business Intelligence on Retailing, Franchising, and Consumerism in China

China's Real Estate Climate Index Expands

According to the National Bureau of Statistics of China, in October the national real estate climate index was 105.74, 0.75 and 2.34 points higher than the previous month and the same period last year, respectively.

The investment index of real estate development was 104.42, up by 0.35 points from September, while jumping 2.74 points compared with the same month last year. The total investment in real estate development from January to October valued at RMB1.91 trillion, surging 31.4 percent from the same period last year. Investment in residential buildings rose by 33.7 percent.

The index of fund sources was 104.90, 1.31 points of increase from the pervious month, while 1.48 points of increase year-on-year. The index of land space development was 97.62, up by 0.04 points compared with the previous month, or declined by 3.98 points from the same period last year.

The index of vacant floor space of commercial buildings was 110.71, surging 1.24 points from last month, or up by 7.42 points from the same month last year. By the end of October, the vacant floor space of commercial buildings was 117.69 million square meters, a year-on-year decrease of 3.9 percent. Of which, commercial buildings that unused was 57.94 million square meters, decreased 13.3 percent.

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