National Real Estate Climate Index Increasing

China's National Bureau of Statistics says the national real estate climate index was 103.32 in May, up by 0.67 point as compared with that in the previous month, 1.45 points higher than that was in the same period last year.

The investment index of real estate development was 102.37, up by 0.20 points from April, climbed 2.28 points compared with the same month last year. The total investment in real estate development from January to May was RMB721.4 billion, up by 27.5 percent, year-on-year. Investment in residential buildings reached RMB504.2 billion, 29.5 percent of increase. Of which, the completed investment in economically affordable housings was RMB20.8 billion, rose by 39.4 percent.

The index of fund sources was 101.88, 0.42 point of increase from the pervious month, while a year-on-year increase of 1.24 points. From January to May, the sources of funds of enterprises for real estate development reached RMB1.2 trillion, a year-on-year increase of 26.2 percent.

The index of land space development was 97.77, up by 1.79 points compared with the previous month, or down by 5.86 points from the same period last year. From January to May, the land space developed by real estate development enterprises was 97.75 million square meters, a year-on-year increase of 11.2 percent.

The index of floor space of buildings under construction was 104.98, 0.27 point higher from that was in April, while a year-on-year increase of 0.18 point. From January to May, the floor space of buildings under construction was 1567 million square meters, a year-on-year increase of 21.9 percent. Of this total, the floor space of residential housings was 1221 million square meters, up by 23 percent; the floor space of office buildings was 64.16 million square meters, up by 16.6 percent; that of the houses for business use was 179 million square meters, up by 11.8 percent.

The index of vacant floor space of commercial buildings was 105.57, up by 1.13 points from last month, or up by 8.53 points from the same month last year. By the end of May, the vacant floor space of commercial buildings was 127 million square meters, a year-on-year increase of 4.7 percent. Of which, commercial buildings that unused was 68.25 million square meters, up by 1.4 percent.