National Real Estate Climate Index Rose Slightly in March

In March, the National Real Estate Climate Index was 101.86 (note), rose by 0.41 points as compared with that in February, the year-on-year change was down by 0.97 points.

The investment index of real estate development was 101.63, a rise of 0.92 points as compared with that in February, and a drop of 0.05 points as compared with that in the same month of last year. In the first quarter, the total investment in real estate development throughout the country was 279.3 billion yuan, rose by 20.2 percent as compared with same period of last year. Of this total, that in residential buildings was 188.8 billion yuan, up by 23.1 percent; that of completed economic buildings and houses investment was 6.2 billion yuan, rose by 2.6 percent.

The capital source index was 103.5, a rise of 1.83 points over that in February, and an increase of 2.22 points as compared with that in the same month of the previous year. In the first quarter, the capital source index of national real estate development enterprises was 564.0 billion yuan, rose by 24.8 percent. Of which, the domestic loans was 145.6 billion yuan, rose by 48.5 percent; that of self-raised funds was 202.5 billion yuan, rose by 30.3 percent; that foreign investment utilization was 5.2 billion yuan, dropped by 4.0 percent.

The land space development index was 104.3, a rise of 2.10 points as compared with that in February, and 10.12 points higher than the same month of previous year. In the first quarter, the complete land space development by real estate development enterprises was 52.84 million square meters, rose by 53.3 percent as compared with that in previous year.

The construction space index was 105.38, rose by 0.47 points as that compared with that in February, and 1.93 points higher as compared with that in the same month of last year. In the first quarter, the accumulative construction space was 1031 million square meters, up by 23.3 percent. Of which, the construction space was 793 million square meters, a rise of 23.1 percent; that of the office buildings was 44.69 million square meters, rose by 17 percent; and that of houses for business use was 127 million square meters, increased by 23.6 percent.

The vacant floor space of commercial building index was 93.81, dropped by 1.24 points, and 10.36 points lower as compared with that in the same month of previous year. At the end of March, the vacant floor space of commercial buildings was 123 million square meters, a rise of 23.8 percent as that compared with the same period of last year. Of this total, the commercial buildings left unused was 69.83 million square meters, rose by 19.7 percent.

Note: Since 2006, the component indicators of the National Real Estate Climate Index have been adopted new seasonal adjustment methodology, the historical data has also been adjusted accordingly.