Real estate 2017

2. Sales of commercial buildings

In 2017, the floor space of commercial buildings sold stood at 1.69 billion square meters, a year-on-year increase of 7.7 percent, and a decrease of 0.2 percentage points over the first eleven months in 2017. The floor space of residential buildings increased 5.3 percent, office building space increased 24.3 percent, and buildings for business use increased 18.7 percent. The sales of commercial buildings amounted to 13.37 trillion yuan, an increase of 13.7 percent, the rate of growth went up by 1 percentage point. Specifically, the sales of residential buildings went up by 11.3 percent, office buildings were up by 17.5 percent, and buildings for commercial businesses were up 25.3 percent.

In 2017, the sale of floor space of commercial buildings in eastern regions amounted to 711.99 million square meters, the growth rate increased 2.9 percent year-on-year, down by 0.3 percentage points over the first eleven months in 2017. The amount of sales stood at 7.44 trillion yuan, an increase of 6.2 percent and a rate increase of 0.9 percentage points. The sale of floor space of commercial buildings in central regions amounted to 474.60 million square meters, up by 12.8 percent, and the pace of increase went up by 0.3 percentage points. The amount of sales stood at 2.87 trillion yuan, an increase of 24.1 percent, and the pace of increase went up by 1.6 percentage points. The sale of floor space of commercial buildings in western regions amounted to 424.59 million square meters, an increase of 10.7 percent year-on-year, down by 0.9 percentage points over the first eleven months in 2017. The amount of sales stood at 2.52 trillion yuan, up by 25.9 percent, and a rate increase of 0.3 percentage points. The sale of floor space of commercial buildings in northeastern regions amounted to 82.89 million square meters, an increase of 7.0 percent, the growth rate went down 0.4 percentage points over the last eleven months of 2017. The amount of sales stood at 536.7 billion yuan, up by 21.8 percent, the growth rate went down by 0.3 percentage points.

At the end of 2017, the floor space of commercial housing for sale reached 589.23 million square meters, a decrease of 6.83 million square meters compared with that at the end of November in 2017. Residential buildings for sale decreased by 6.70 million square meters, office buildings decreased 1.18 million square meters, and buildings for business use went down by 2.15 million square meters.