Real estate 2018

2. Sales of commercial buildings

In 2018, floor space of commercial buildings sold stood at 1.72 billion square meters, a year-on-year increase of 1.3 percent, a decrease of 0.1 percentage point over the first eleven months, and 6.4 percentage points lower than 2017. The floor space of the residential buildings increased 2.2 percent, office building space decreased 8.3 percent, and buildings for business use decreased 6.8 percent. The sales of commercial buildings amounted to 14.99 trillion yuan, an increase of 12.2 percent, the rate of growth quickly went up by 0.1 percentage point, and 1.5 percentage points lower than 2017. Specifically, the sales of residential buildings went up by 14.7 percent, office buildings were down by 2.6 percent, and buildings for commercial businesses increased by 0.7 percent.

In 2017, the sale of floor space of commercial buildings in eastern regions amounted to 676.41 million square meters, a decrease of 5.0 percent year-on-year, the pace of decline narrowed 0.1 percentage point over the first eleven months in 2018. The amount of sales stood at 7.93 trillion yuan, up by 6.5 percent, and the growth rate was up by 0.9 percentage points over the first eleven months in 2018. The sale of floor space of commercial buildings in central regions amounted to 506.95 million square meters, up by 6.8 percent, and a rate decrease of 1.1 percentage points. The amount of sales stood at 3.38 trillion yuan, an increase of 18.1 percent, the rate of growth went down by 2.5 percentage points. The sale of floor space of commercial buildings in western regions amounted to 453.96 million square meters, an increase of 6.9 percent, up by 0.3 percentage points; The amount of sales stood at 3.11 trillion yuan, up by 23.4 percent, the growth rate went down by 0.1 percentage point. The sale of floor space of commercial buildings in northeastern regions amounted to 79.22 million square meters, a decline of 4.4 percent, and the pace of decline stayed unchanged with the first eleven months. The amount of sales stood at 574 billion yuan, up by 7.0 percent, and the growth rate went down by 0.3 percentage points.

At the end of 2018, the floor space of commercial housing for sale reached 524.14 million square meters, a decrease of 2.14 million square meters compared with that at the end of November in 2018, and 65.1 million square meters decreased at the end of 2017. Residential buildings for sale decreased by 3.93 million square meters than the end of November, office buildings increased by 0.93 million square meters, and buildings for business use decreased 1.66 million square meters.