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36.2% Growth over 2009Q1 in Investment of Chinese Real Estate Development

www.shcri.com - On May 11th, 2010, the National Bureau of Statistics of China released the operation conditions of Chinese real estate market in January-April of 2010.

From January to April of 2010, the investment in Chinese real estate development totaled CNY 993.20 billion, rising by 36.2% YOY. Among that, CNY 685.40 billion was invested in the development of commercial buildings, growing by 34.0% YOY and accounting for 69.0% in the total investment.  

From January to April of 2010, the real estate construction area by Chinese development enterprises reached 2.65 billion m2, rising by 31.7% YOY. The newly-started area totaled 457 million m2, going up by 64.1% YOY. The completed area was 150.20 million m2, growing by 13.5% YOY. The completed area of residential buildings came up to 120.28 million m2, growing by 10.8% YOY.

From January to April of 2010, the area of land purchased by Chinese real estate development enterprises reached 91.83 million m2, 26.4% increase over that in the same period of 2009. The land purchase expense amounted to CNY 191.20 billion, rising by 66.0% YOY.

From January to April of 2010, the sales area of Chinese commercial buildings reached 234 million m2, rising by 32.8% YOY and declining by 3.0% compared with that in January-March of 2010. The YOY growth rate of sales area was 30.3% for commercial residential buildings, 85.5% for office buildings and 56.2% for buildings for business use.

From January to April of 2010, the sales revenue of Chinese commercial buildings amounted to CNY 1.24 trillion, rising by 55.4% YOY; the growth rate was lower than that in January-March of 2010 by 2.3%. The YOY growth rate of sales revenue was 51.5% for commercial residential buildings, 106.2% for office buildings and 78.4% for buildings for business use.

 

In April 2010, the sales area of Chinese commercial buildings reached 80.51 million m2, declining by 1.55 million m2 over March 2010. Among that, the sales area of residential buildings was 72.49 million m2, dropping by 1.80 million m2. The sales revenue of commercial buildings was CNY 444.80 billion, rising by CNY 58.70 billion compared with that in March 2010. Among that, the sales revenue of residential buildings totaled CNY 384.60 billion, rising by CNY 55.30 billion.

 

From January to April of 2010, funds acquired by real estate development enterprises amounted to about CNY 2.16 trillion, rising by 59.9% YOY. Among that, the domestic loans came up to CNY 455.20 billion, rising by 39.9% YOY. Foreign investment totaled CNY 13.70 billion, declining by 17.4% YOY. The self-raised funds of enterprises were CNY 745.90 billion, growing by 52.5% YOY. Other funds totaled CNY 945.40 billion, 81.9% increase over that in the same period of 2009. Among the other funds, there were CNY 524 billion earnest money and advances received with the YOY growth rate of 73.9%, CNY 295.50 billion individual mortgage loans with the YOY growth rate of 102.1%.

In April 2010, the real estate sales price in Chinese 70 medium and large cities rose by 12.8% YOY. The price of newly-constructed residential buildings increased by 15.4% YOY, and the price of commercial residential buildings grew by 17.3% YOY. As to different types of newly-constructed buildings; the sales price of economically affordable housing rose by 1.3% YOY; the sales price of commercial residential buildings assumed the growth rate of 17.3% YOY. The price growth rate was 16.6% YOY for ordinary residential buildings and 19.6% YOY for high-grade residential buildings. The sales price of newly-constructed residential buildings with the area of 90 m2 and below rose by 19.9% YOY and 1.2% on the month-on-month basis.

In April 2010, the sales prices of newly constructed residential buildings in all the 70 medium and large cities in China saw YOY growth. The growth rates of Haikou (64.3%), Sanya (58.2%), Wenzhou (26.1%), Jinhua (23.8%) and Beijing (21.5%) ranked among the Top 5. The sales price of second-hand residential buildings was raised by 10.5% YOY. The sales price of second-hand residential buildings in 69 cities saw YOY growth. Among them, Sanya (48.8%), Haikou (37.4%), Wenzhou (25.5%), Shenzhen (21.3%) and Hangzhou (17.7%) acquired higher YOY growth rates; only the price in Quanzhou suffered YOY decline (0.6%). The sales price of newly-constructed non-residential buildings rose by 6.7% YOY. The sales price of office buildings increased by 10.0% YOY. The YOY growth rate was 4.3% for buildings for business use and 5.6% for other buildings.

 

For more information please visit: http://shcri.com/reportdetail.asp?id=426

 

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