{"id":13,"date":"2024-07-16T03:13:13","date_gmt":"2024-07-16T03:13:13","guid":{"rendered":"http:\/\/www.realestate86.com\/?p=13"},"modified":"2024-07-19T03:18:14","modified_gmt":"2024-07-19T03:18:14","slug":"national-real-estate-market-basics-january-june-2024","status":"publish","type":"post","link":"http:\/\/www.realestate86.com\/?p=13","title":{"rendered":"National Real Estate Market Basics, January-June 2024"},"content":{"rendered":"\n<p><strong>1 Real estate development investment completion<\/strong><\/p>\n\n\n\n<p>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%.<\/p>\n\n\n\n<p>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%.<\/p>\n\n\n\n<p><strong>2  new commercial real estate sales and pending sales situation<\/strong><\/p>\n\n\n\n<p>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%.<\/p>\n\n\n\n<p>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%.<\/p>\n\n\n\n<p><strong>3 real estate development enterprises in place of funds<\/strong><\/p>\n\n\n\n<p>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%.<\/p>\n\n\n\n<p><strong>4 real estate development boom index<\/strong><\/p>\n\n\n\n<p>In June, the Real Estate Development Prosperity Index (referred to as the \u201cNational Housing Prosperity Index\u201d) was 92.11 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <a href=\"http:\/\/www.realestate86.com\/?p=13\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.realestate86.com\/index.php?rest_route=\/wp\/v2\/posts\/13"}],"collection":[{"href":"http:\/\/www.realestate86.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.realestate86.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.realestate86.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.realestate86.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13"}],"version-history":[{"count":1,"href":"http:\/\/www.realestate86.com\/index.php?rest_route=\/wp\/v2\/posts\/13\/revisions"}],"predecessor-version":[{"id":14,"href":"http:\/\/www.realestate86.com\/index.php?rest_route=\/wp\/v2\/posts\/13\/revisions\/14"}],"wp:attachment":[{"href":"http:\/\/www.realestate86.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.realestate86.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.realestate86.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}