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National Real Estate Index Increased 3.23 Points in November

National Real Estate Index Increased 3.23 Points in November

Write: Wilson [2011-05-20]

National Real Estate Index Increased 3.23 Points in November


In November, National real estate climate index achieved 103.92, rose by 0.52 points from October, or up by 3.23 over the same month of the previous year.

--The investment index of real estate development was 101.46, down by 0.22 points compared with October, or increased 1.17 points over the same month of the previous year. From January to November, the total investment in real estate development achieved 1641.6 billion yuan, increased 24.0 percent year-on-year. Investment in residential buildings reached 1155.0 billion yuan, increased 28.4 percent. Of which, the completed investment in economical buildings and houses was 52.6 billion yuan, rose by 10.4 percent.

--The capital source index was 103.30, decreased 0.12 points than that was in October, or up by 3.86 points over the same month of the previous year. From January to November, the position fund of real estate development enterprises reached 2276.4 billion yuan, up by 29.8 percent, year-on-year. Of which, domestic loans, self-prepare fund and utilization of foreign investment achieved 461.9, 741.4 and 31.4 billion yuan, increased 44.9, 22.2 and 41.1 percent respectively.

--The land space index was 101.53, down by 0.07 points than that was in October, or up by 5.37 points than last November. From January to November, the completed land space development by real estate development enterprises was 198.44 million square meters, rose by 38.1 percent year-on-year.

--The construction space index was 102.76, down by 0.63 points than that was in October, or down by 1.00 points over the same month of the previous year. From January to November, the accumulative construction space was 1.762 billion square meters, increased 18.4 percent, year-on-year. Of which, the residential housing construction space was 1.377 billion square meters, rose by 19.2 percent; the space of office building was 66.98 million square meters, up by 11.5 percent; and that of the houses for business use was 213 million square meters, expanded by 12.4 percent.

--The vacant floor space of commercial buildings index was 105.43, up by 2.14 points than that was in October, or up by 6.51 points over the last November. By the end of November, the vacant floor space of commercial buildings was 123.55 million square meters, a year-on-year increase of 7.9 percent. Of which, commercial buildings that unused was 67.23 million square meters, increased 6.4 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.