Real estate 2015

1. The completion of real estate investment

The total investment in real estate development in 2015 was 9.59 trillion yuan($1540.98 billion), a nominal increase of 1.0 percent year-on-year (the real growth rate was 2.8 percent, after deducting price factors), a decline of 0.3 percent over the first eleven months. The investment in residential buildings was 6.46 trillion yuan, up by 0.4 percent, a 0.3 percentage points lower rate of increase, and accounted for 67.3 percent of real estate development investment.

In 2015, real estate investment in eastern regions stood at 4.97 trillion yuan, up by 4.3 percent year-on-year, and the growth rate went down by 0.8 percentage points over the first eleven months; the central regions stood at 1.91 trillion yuan, a rise of 4.4 percent, and a rate lower by 0.2 percentage points; western regions stood at 2.17 trillion yuan, up by 1.3 percent, and an increase in rate of 0.2 percentage points; northeastern regions stood at 547.5 billion yuan, down by 28.5 percent, and the pace of decline widened by 0.6 percentage points.

In 2015, floor space under construction by the real estate development enterprises accounted for 7,46 billion square meters, up by 1.3 percent year-on-year, and a lower rate by 0.5 percentage points over the first eleven months. The floor space of the residential building construction area was 5.21 billion square meters, down by 0.7 percent. The floor space started this year was 1,54 billion square meters, down by 14.0 percent, and the pace of decline narrowed by 0.7 percentage points. Specifically, the floor space of residential buildings started in the year amounted to 1.07 billion square meters, down by 14.6 percent. The floor space of buildings completed stood at 1.39 billion square meters, down by 6.9 percent, and the pace of decline widened by 3.4 percentage points. The floor space completed of residential buildings stood at 737.77 million square meters, a decline of 8.8 percent.

In 2015, the land area purchased by real estate development enterprises totaled 228.11 million square meters, a year-on-year decrease of 31.7 percent, and the pace of decrease narrowed by 1.4 percentage points over the first eleven months. The total transaction of land reached 762.2 billion yuan, a decrease of 23.9 percent, and the pace of decrease narrowed by 2.1 percentage points.