Real Estate Investment Eases for First Ten Months of 2017

The latest official data points to a modest slowdown in Chinese real estate investment for the first ten months of 2017.

Figures from China’s National Bureau of Statistics indicate that nationwide real estate development investment reached 9.0544 trillion yuan for the first ten months of 2017, for a nominal year-on-year increase of 7.8%, and a growth deceleration of 0.3 percentage points compared to the first nine months of the year.

Housing investment saw year-on-year growth of 9.9% to reach 6.1871 trillion yuan, for a deceleration of 0.5 percentage points. Investment in housing accounted for 68.3% of all real estate development investment.

The commercial residential sales floorspace for the first ten months of 2017 saw a year-on-year increase of 8.2% to reach 1.30254 billion square metres, for a deceleration of 2.1 percentage points compared to the first nine months of the year.

The housing sales floorspace increased by 5.6%, the office sales floorspace increased by 28.2%, while commercial property sales floorspace increased by 21.4%.

Paid-up capital of real estate developers saw a year-on-year increase of 7.4% for the first ten months of 2017 to reach 12.5941 trillion yuan, for a deceleration of 0.6 percentage points compared to the first nine months of the year.

Domestic loans saw an increase of 20.2% to reach 2.0798 trillion yuan, overseas capital saw an increase of 1.6% to reach 12.5 billion yuan, while self-funding increased by 0.9% to reach 4.1086 trillion yuan, and other funding sources rose by 8.2% to reach 6.3932 trillion yuan.

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