1 Real estate development investment completion
From January to June, the national real estate development investment of 5,252.9 billion yuan, down 10.1% year-on-year (calculated on a comparable caliber, see Note 6); of which, residential investment of 3,988.3 billion yuan, down 10.4%.
From January to June, the housing construction area of real estate development enterprises was 69,681.8 million square meters, a year-on-year decline of 12.0%. Among them, residential construction area of 4874.37 million square meters, down 12.5%. New housing construction area of 380.23 million square meters, down 23.7%. Of which, residential new construction area of 277.48 million square meters, down 23.6%. Housing completion area of 265.19 million square meters, down 21.8%. Among them, the completed residential area was 192.59 million square meters, down 21.7%.
2 new commercial real estate sales and pending sales situation
From January to June, the sales area of newly-built commercial properties was 479.16 million square meters, down 19.0% year-on-year, of which the sales area of residential properties was down 21.9%. Sales of newly-built commercial real estate amounted to RMB 4,713.3 billion, down 25.0%, of which residential sales fell 26.9%.
At the end of June, the unsold area of commercial properties was 738.94 million square meters, up 15.2% year-on-year. Among them, the area of residential properties for sale increased by 23.5%.
3 real estate development enterprises in place of funds
From January to June, real estate development enterprises in place of funds 5353.8 billion yuan, down 22.6% year-on-year. Among them, domestic loans of 820.7 billion yuan, down 6.6%; the use of foreign capital of 1.3 billion yuan, down 51.7%; self-financing 188.62 billion yuan, down 9.1%; deposits and advance receipts of 1,599.9 billion yuan, down 34.1%; personal mortgage loans of 774.9 billion yuan, a decline of 37.7%.
4 real estate development boom index
In June, the Real Estate Development Prosperity Index (referred to as the “National Housing Prosperity Index”) was 92.11 percent.