Real estate 2020

3. Sources of funds for real estate development enterprises

From January to September, real estate development enterprises put in 13,637.6 billion yuan of funds, an increase of 4.4 percent year-on-year, 1.4 percentage points higher than that from January to August. Among them, domestic loans amounted to 2,048.4 billion yuan, an increase of 4.0 percent; utilized foreign capital reached 9.4 billion yuan, down 9.5 percent; self-raised funds reached 4,448.5 billion yuan, an increase of 5.9 percent; deposits and advance receipts reached 4,514.5 billion yuan, an increase of 2.9 percent; and personal mortgage loans reached 2,178.3 billion yuan, an increase of 9.5 percent.

4. National real estate climate index

In September, the real estate development boom index (referred to as the "national housing boom index") was 100.43, 0.11 point higher than that in August.

Explanation of Indicator

1. “The total investment in real estate development this year” refers to the investment of all construction projects for housing, land development projects, public welfare construction and land acquisition costs in the reporting period. The index is cumulatively statistical data based on the principle of image progress.

2. “Area of commercial buildings sold” refers to total areas sold of new commercial buildings by contract during the reporting period (i.e. area of floor space designated in  formal signed contracts). The indicator is cumulative data.

3. “Value of commercial buildings sold” refers to the total contracted vale of new commercial buildings for sale during the reporting period (i.e. the total value of sales for selling of commercial building as designated in formal signed contracts). This indicator is cumulative data based on the sale of floor space of commercial buildings.

4. “The sources of funds for real estate development enterprises in the year” refers to various currencies and sources of real estate development funds actually available to real estate development enterprises in the reporting period. Specifically, it includes domestic loans, foreign investment, self-raised funds and other funds. The index is cumulative data.

5. “Floor space of buildings under construction” refers to the total floor space of all buildings constructed by real estate development enterprises during the reference time. Including floor space newly started in the current year, floor space of continued building construction from the former period, floor space of stopped or postponed construction in the previous period but recovered in the current year, floor space completed during the current year, and newly started floor space in the current year that was postponed. Floor space under construction of multi-story buildings refers to the total floor space of all stories.

6. “Floor space of houses newly started” refers to floor space of houses newly started by the real estate development enterprises during the reference time. It does not include continued construction area of housing which started in the previous period, and restarted construction in the current year that was stopped or postponed in the previous period. Specific due date is subject to starts to housing, officially with the ground-breaking gouge (ground treatment or permanent piles). “Floor space of houses newly started” refers to the entire floor spaces of whole buildings; the calculation cannot be separated.

7. “Floor space of buildings completed” refers to housing construction during the reporting period that was completed in accordance with design requirements, became livable space and fulfilled conditions of use, gained acceptance of accreditation standards or final acceptance, and in which total building areas could formally be handed over to be used.

8. “Land acquisition area” refers to land area obtained by the real estate development enterprises in the year in various ways.

9. "Value of land transactions" refers to the final amount of transactions of land use rights by the real estate development enterprises. “In the primary land market” refers to the final section of land allocation, "auction" price and sale price; “the secondary land market” refers to the finalized contract price on land transfers, leases, and mortgages. Prices of land transactions and land acquisition areas are in the same range; average purchase prices of land are calculated in December.

10. Division of eastern, central, western and northeastern regions

Eastern regions include Beijing, Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong, and Hainan. Central regions includes Shanxi, Anhui, Jiangxi, Henan, Hubei, and Hunan. Western regions include Inner Mongolia, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai, Ningxia, and Xinjiang. Northeastern regions include Liaoning, Jilin, and Heilongjiang.