The Real Estate Climate Index decreased in May

In May, the real estate climate index was 101.83, remained general level of April, the year-on-year change was down by 3.28 points.

The capital source index was 100.81, a rise of 0.73 points over that in April, and a decrease of 6.65 points as compared with that in the same month of the previous year. From January to May, the capital source index of national real estate development enterprises was 775.3 billion yuan, rose by 25.5%. Of which, the domestic loans was 153.1 billion yuan, rose by 8.7%; that of self-raised funds was 258.6 billion yuan, rose by 34.6%; that of down payment and advanced payment of enterprises was 294.9 billion yuan, rose by 24.7%; that foreign investment utilization was 11.2 billion yuan, rose by 41.7%.

The land space development index was 93.17, a decrease of 0.29 points as compared with that in April, and 5.98 points lower than the same month of previous year. From January to May, the complete land space development by real estate development enterprises was 6016 million square meters, dropped by 7.2% as compared with that in previous year.

The construction space index was 102.90, rose by 1.15 points as that compared with that in April, and 5.93 points lower as compared with that in the same month of last year. From January to May, the accumulative construction space was 1063 million square meters, up by 18.3%. Of which, the construction space was 821 million square meters, a rise of 18.3%; that of the office buildings was 47 million square meters, rose by 15.8%; and that of houses for business use was 134 million square meters, increased by 21.2%.

The vacant floor space of commercial building index was 103.89, rose 1.57 points, and dropped 3.69 points as compared with that in the same month of 2004. In the end of May, the vacant floor space of commercial buildings was 10320 million square meters, a rise of 6.2% as that compared with the same period of last year. Of this total, the commercial buildings left unused was 5933 million square meters, dropped by 0.4%.

The investment index of real estate development was 100.09, a rise of 0.92 points as compared with that in April, and a drop of 2.32 points as compared with that in the same month of last year. From January to May, the total investment in real estate development throughout the country was 464.4 billion yuan, rose by 24.3% as compared with same period of last year. Of this total, that in residential buildings was 310.4 billion yuan, up by 21.8%; that of completed economic buildings and houses investment was 14.5 billion yuan, dropped by 16.7%.

The sales price index of commercial house was 107.11, decreased by 3.46 points as compared with that in April, and 2.16 points higher than that in the same month of last year. From January to May, the average selling price of commercial housing rose by 8.9%. Of which, the average selling price of residential building was up by 11.3%; that of business buildings and houses rose by 4.1%; and that of office buildings and houses decreased by 4.6%.