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Investment in real estate development increased by

2022-09-27

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Investment in real estate development increased by 10.5% in the first September

investment in real estate development increased by 10.5% in the first September

October 21, 2019

recently, the National Bureau of statistics released data on investment and sales in real estate development across the country in the first September of 2019. From January to September, the investment in real estate development across the country was 98008 billion yuan, a year-on-year increase of 10.5%, and the growth rate was the same as that from January to August. Among them, the residential investment was 7214.6 billion yuan, an increase of 14.9%, and the growth rate was flat

at the press conference on the operation of the national economy in the first three quarters of 2019, Mao Shengyong, director of the Department of comprehensive statistics of the national economy of the National Bureau of statistics, said that the real estate market was generally stable, and he would adhere to the basic positioning that houses are used for living rather than speculation, and would not use real estate as a means of stimulating the economy in a short term

according to the data of the Bureau of statistics, the main business of Pingmei Shenma Group, a domestic enterprise, is in a downturn, and it is still in a relatively backward stage in terms of product stability and product added value. From January to September, the land purchase area of real estate development enterprises was 154.54 million square meters, a year-on-year decrease of 20.2%, a decrease of 5.4 percentage points narrower than that from January to August; The land transaction price was 818.6 billion yuan, down 18.2%, and the decline narrowed by 3.8 percentage points

Zhang Dawei, chief analyst of Centaline real estate, said that although the first nine months have slowed down, from a single month in September, the sales of the real estate market have increased significantly year-on-year. According to the data of Centaline real estate, the sales area of the national real estate market in September reached 173.3 million square meters, an increase of 2.9% year-on-year. Sales reached 1.6 trillion yuan, up 9.4% year-on-year

it is worth noting that although the sales volume has not decreased, the real estate inventory sales ratio has also increased with the increase of supply. According to the data of E-House Real Estate Research Institute, at the end of September, the inventory sales ratio of existing commercial housing nationwide was 22.1 months, up 0.2% month on month. Among them, the inventory sales ratio of existing residential houses was 13.8 months, up 0.2% month on month; The inventory sales ratio of existing houses in office buildings was 40.3 months, with a month on month decrease of 0.9%; The inventory sales ratio of existing commercial business housing was 44.4 months, down 0.9% month on month

Shen Xin, a researcher at Shanghai E-House Real Estate Research Institute, said that since August 2018, there has been a continuous upward shock. On the whole, the deposit sales ratio has entered an upward channel, and the relationship between supply and demand in the real estate market has changed, gradually tending to oversupply. Among them, the inventory sales ratio of existing houses of office buildings has fluctuated upward continuously since May 2018; Commercial business housing rose for four consecutive months from September to December 2018, and continued to rise slightly after a slight decline in February 2019. On the whole, it has entered the upward channel

Shen Xin said that the funds in place of real estate development enterprises mainly come from domestic loans, deposits, advance receipts and personal mortgage loans. The growth rate of self raised funds has fallen significantly compared with the same period last year, and the financial pressure of real estate enterprises is still large. "Under the condition that the economic situation at home and abroad is still complex and the overall environment has not been significantly improved, considering that it is difficult for the overall market sales to improve significantly in the coming period of time, it is difficult for deposits, advance receipts and personal mortgage loans to continue to rise sharply."