Real estate 2021

1. The completion of real estate investment

In 2021, the national investment in real estate development was 14,760.2 billion yuan, an increase of 4.4 percent over the previous year; an increase of 11.7 percent over 2019 and an average increase of 5.7 percent over the two years. Among them, the residential investment was 11,117.3 billion yuan, an increase of 6.4 percent over the previous year.

In 2021, the investment in real estate development in the eastern region was 7,769.5 billion yuan, an increase of 4.2 percent over the previous year; the central region invested 3,116.1 billion yuan, an increase of 8.2 percent; the investment in the western region was 3,336.8 billion yuan, an increase of 2.2 percent; the investment in northeast China was 537.8 billion yuan, down 0.8 percent.

In 2021, the housing construction area of real estate development enterprises was 9,753.87 million square meters, an increase of 5.2 percent over the previous year. Among them, the residential construction area was 6,903.19 million square meters, an increase of 5.3 percent. The new construction area of houses was 1,988.95 million square meters, down 11.4 percent. Among them, the newly started residential area was 1,463.79 million square meters, down 10.9 percent. The completed housing area was 1,014.12 million square meters, an increase of 11.2 percent. Among them, the completed residential area was 730.16 million square meters, an increase of 10.8 percent.

In 2021, the land acquisition area of real estate development enterprises was 215.9 million square meters, a decrease of 15.5 percent over the previous year; the land transaction price was 1,775.6 billion yuan, an increase of 2.8 percent.

2. Sales of Commercial Buildings

In 2021, the sales area of commercial housing was 1,794.33 million square meters, an increase of 1.9 percent over the previous year; it increased by 4.6 percent over 2019, with an average growth of 2.3 percent in the two years. Among them, the sales area of residential buildings increased by 1.1 percent, the sales area of office buildings increased by 1.2 percent, and the sales area of commercial business houses decreased by 2.6 percent. The sales volume of commercial housing was 18,193 billion yuan, an increase of 4.8 percent; it increased by 13.9 percent over 2019, with an average growth of 6.7 percent in the two years. Among them, residential sales increased by 5.3 percent over the previous year, office building sales decreased by 6.9 percent, and commercial business housing sales decreased by 2.0 percent.

In 2021, the sales area of commercial houses in the eastern region was 732.48 million square meters, an increase of 2.7 percent over the previous year; the sales volume was 10,331.7 billion yuan, an increase of 8.0 percent. The sales area of commercial housing in the central region was 517.48 million square meters, an increase of 5.4 percent; sales reached 3,815.7 billion yuan, an increase of 6.4 percent. The sales area of commercial housing in the western region was 478.19 million square meters, down 1.7 percent; the sales volume was 3,524.1 billion yuan, down 2.8 percent. The sales area of commercial housing in northeast China was 66.18 million square meters, down 6.4 percent; the sales volume was 521.5 billion yuan, down 10.3 percent.

At the end of 2021, the area of commercial housing for sale was 510.23 million square meters, an increase of 8.58 million square meters over the end of November. Among them, the area for sale of residential buildings increased by 4.8 million square meters, the area for sale of office buildings increased by 940,000 square meters, and the area for sale of commercial business houses increased by 460,000 square meters.

3. Sources of Funds for Real Estate Development Enterprises

In 2021, real estate development enterprises paid in 20,113.2 billion yuan, an increase of 4.2 percent over the previous year; an increase of 12.6 percent over 2019 and an average increase of 6.1 percent over the two years. Among them, domestic loans amounted to 2,329.6 billion yuan, a decrease of 12.7 percent over the previous year; the utilized foreign capital was 10.7 billion yuan, down 44.1 percent; self-raised funds were 6,542.8 billion yuan, an increase of 3.2 percent; deposits and advance receipts were 7,394.6 billion yuan, an increase of 11.1 percent; personal mortgage loans reached 3,238.8 billion yuan, an increase of 8.0 percent.

4. National Real Estate Climate Index

In December, the real estate development climate index (referred to as "national housing climate index") was 100.36.