National Real Estate Climate Index Climbs In China

According to the National Bureau of Statistics of China, the national real estate climate index in July was 104.00, 0.37 and 0.49 points higher than the previous month and the same period last year, respectively.

The investment index of real estate development was 103.41, up by 0.56 points from June, while jumping 1.89 points compared with the same month last year. The total investment in real estate development from January to July valued at 1,213.5 billion yuan, surging 28.9 percent from the same period last year. Investment in commercial buildings reached 859.4 billion yuan, 30.7 percent of increase. Of which, the completed investment in economically affordable housings was 36.6 billion yuan, rose by 33.3 percent.

The index of fund sources was 102.64, 0.42 points of increase from the pervious month, while 0.70 points of decrease year-on-year. From January to July, the sources of funds of enterprises for real estate development reached 1,868.9 billion yuan, a year-on-year rise of 29.6 percent. Of which, domestic loans, foreign investment and self-rising funds achieved 395.1, 33.3 and 633.2 billion yuan, surging 21.4, 74.5 and 32.2 percent respectively.

The index of land space development was 97.93, down by 0.13 points compared with the previous month, or declined by 3.06 points from the same period last year. From January to July, the land space developed by real estate development enterprises was 142 million square meters, a year-on-year rise of 11.3 percent.

The index of floor space of buildings under construction was 105.45, 0.13 points higher from that was in June, while a year-on-year increase of 0.34 points. From January to July, the floor space of buildings under construction was 1819 million square meters, a year-on-year increase of 22.5 percent. Of this total, the floor space of residential housings was 1426 million square meters, up by 23.6 percent; that of office buildings was 70.95 million square meters, climbing 19.0 percent; that of the houses for business use was 205 million square meters, jumping 13.0 percent.

The index of vacant floor space of commercial buildings was 106.79, surging 0.88 points from last month, or up by 6.54 points from the same month last year. By the end of July, the vacant floor space of commercial buildings was 121 million square meters, a year-on-year increase of 0.5 percent. Of which, commercial buildings that unused was 62.50 million square meters, decreased 5.4 percent.