National Real Estate Climate Index Expanded in November

In November, the national real estate climate index was 106.59, 0.85 and 2.67 points higher than the previous month and the same period last year respectively.

The investment index of real estate development was 104.53, up by 0.11 points from October, while jumping 3.07 points compared with the same month last year. The total investment in real estate development from January to November valued at 2,163.2 billion yuan, surging 31.8 percent from the same period last year. Investment in residential buildings reached 1,544 billion yuan, 33.7 percent of increase. Of which, the completed investment in economically affordable housings was 69.3 billion yuan, rose by 31.7 percent.

The index of fund sources was 107.93, 3.03 points of increase from the pervious month, while 4.63 points of increase year-on-year. From January to November, the sources of funds of enterprises for real estate development reached 3,204.3 billion yuan, a year-on-year rise of 40.8 percent. Of which, domestic loans, foreign investment and self-rising funds achieved 609.8, 53.9 and 1,027.2 billion yuan, surging 32, 71.9 and 38.5 percent respectively.

The index of land space development was 98.04, up by 0.42 points compared with the previous month, or declined by 3.49 points from the same period last year. From January to November, the land space developed by real estate development enterprises was 214 million square meters, a year-on-year rise of 8 percent.

The index of floor space of buildings under construction was 105.54, 0.10 points increase from that was in October, while a year-on-year increases of 2.78 points. From January to November, the floor space of buildings under construction was 2,166 million square meters, a year-on-year increases of 23.0 percent. Of this total, the floor space of residential housings was 1,711 million square meters, up by 24.2 percent; that of office buildings was 79.3 million square meters, climbing 18.4 percent; that of the houses for business use was 239 million square meters, jumping 12.4 percent.

The index of vacant floor space of commercial buildings was 111.97, surging 1.26 points from last month, or up by 6.54 points from the same month last year. By the end of November, the vacant floor space of commercial buildings was 117.97 million square meters, a year-on-year decrease of 4.5 percent. Of which, commercial buildings that unused was 57.66 million square meters, decreased 14.2 percent.