Real estate 2019

1. The completion of real estate investment

From January to December 2019, China's real estate development investment was 13.22 trillion yuan($1916.21 billion), up 9.9 percent over the previous year, down 0.3 percentage points from January to November, and up 0.4 percentage points over the previous year. Residential investment reached 9.71 trillion yuan, up by 13.9 percent, 0.5 percentage points lower than that from January to November, and 0.5 percentage points higher than that of the previous year.

In 2019, investment in real estate development in the eastern regions was 6.93 trillion yuan, an increase of 7.7 percent over the previous year, and the growth rate dropped by 0.6 percentage points from January to November; investment in the central regions was 2.8 trillion yuan, an increase of 9.6 percent, and the growth rate dropped by 0.1 percentage point; investment in the western regions was 3.02 trillion yuan, an increase of 16.1 percent, and the growth rate increased by 0.8 percentage points;investment in the northeast regions was 510.7 billion yuan, an increase of 8.2 percent, and the growth rate dropped by 0.7 percentage points.

In 2019, the housing construction area of real estate development enterprises was 8.94 billion square meters, an increase of 8.7 percent over the previous year. The growth rate was the same as that from January to November, 3.5 percentage points higher than that of the previous year. Among them, the residential construction area was 6.28 billion square meters, an increase of 10.1 percent. The newly constructed area of housing was 2.27 billion square meters, up by 8.5 percent, 0.1 percentage point lower than that from January to November, and 8.7 percentage points lower than that of last year. Among them, the newly started residential area was 1.67 billion square meters, an increase of 9.2 percent. The completed area of the house was 959.42 million square meters, an increase of 2.6 percent. From January to November, it fell by 4.5 percent, and from the previous year, it fell by 7.8 percent. The completed residential area was 680.11 million square meters, an increase of 3.0 percent.

In 2019, the land area purchased by real estate development enterprises was 258.22 million square meters, down 11.4 percent over the previous year, 2.8 percentage points lower than that from January to November, and up 14.2 percent from the previous year; the land transaction price was 1.47 trillion yuan, down by 8.7 percent, 4.3 percentage points lower than that from January to November, and up 18.0 percent from the previous year.