National Real Estate Climate Index Decreased 0.20 Points in August

In August, National Real Estate Climate Index was 103.31, decreased 0.20 points, up by 1.55 points over the same month of the previous year.

--The investment index of real estate development was 101.66, up by 0.14 points as compared with previous month, and increased 0.18 points over the last August. From January to August, the total investment in real estate development achieved 1106.3 billion yuan, increased 24 percent compared with the same period of last year. Investment in residential buildings reached 776.2 billion yuan, increased 29.2 percent. Of which, the completed investment in economical buildings and houses was 34.9 billion yuan, an increase of 10.8 percent.

--The capital source index was 103.72, increased 0.38 points than the rate in July, and up by 2.71 points over the same month of the previous year. From January to August, the position fund of real estate development enterprises reached 1628.5 billion yuan, up by 28.1 percent, year-on-year. Of which, domestic loans, self-prepare fund and utilization of foreign investment reached an amount of 358.4, 539.7 and 22.4 billion yuan, and increased 51.0, 23.4 and 35.8 percent respectively.

--The land space index was 100.37, down by 0.62 points than that was in July, and up by 4.57 points than last August. From January to August, the complete land space development by real estate development enterprises was 140.22 million square meters, rose 27.5 percent over last August.

--The construction space index was 103.62, down by 0.49 points than that was in July, up by 0.05 points over the same month of the previous year. From January to August, the accumulative construction space was 1.551 billion square meters, increased 18.5 percent, year-on- year. Of which, the residential housing construction space was 1.208 billion square meters, up by 19 percent; the space of office building was 61.34 million square meters, up by 13.3 percent; and that of the houses for business use was 190 million square meters, up by 14 percent.

--The vacant floor space of commercial buildings index was 100.67, up by 0.42 points than that was in July, down by 1.82 points over last August. By the end of August, the vacant floor space of commercial buildings was 121.69 million square meters, a rise of 13.1 percent, year-on year. Of which, commercial buildings that unused was 66.44 million square meters, increased 11.1 percent.
Note: Since 2006, new seasonal adjustment methodology has been adopted to the component indicators of the National Real Estate Climate Index, the historical data has also been adjusted accordingly.