From January to March 2021, the investment in real estate development nationwide reached 2.757.6 trillion yuan, up 25.6% year on year, according to the National Bureau of Statistics. That is an increase of 15.9 percent over the January-March period of 2019, with a two-year average growth of 7.6 percent. Of this, the residential investment was 2,062.4 billion yuan, up 28.8%.
From January to March, the investment in real estate development in the eastern region reached 1.560.3 trillion yuan, up 22.7 percent year on year. 543.2 billion yuan in the central region, up 38.7%; 595.5 billion yuan was invested in the western region, up 22.5 percent; The investment in northeast China was 58.7 billion yuan, up 24.8 percent.
In the first three months of this year, the total floor space under construction for real estate development enterprises was 7.98394 million square meters, up 11.2 percent year on year. Of this, the residential area under construction was 5.63125 million square meters, up 11.6 percent. New housing construction started on 361.63 million square meters, up 28.2 percent. Of this, housing construction started on 270.57 million square meters, up 30.1 percent. The completed housing area was 191.22 million square meters, up 22.9 percent. Of this, the completed residential area was 138.88 million square meters, up 27.1 percent.
From January to March, the land area purchased by real estate development enterprises reached 23.01 million square meters, up 16.9% year on year. Land sales totaled 80.9 billion yuan, down 17.3 percent.
From January to March, the area of commercial housing sold was 36.007 million square meters, up 63.8 percent year on year. That is an increase of 20.7 percent over the January-March period of 2019, with a two-year average growth of 9.9 percent. Among them, the sales area of residential buildings increased by 68.1 percent, office buildings by 34.4 percent and commercial buildings by 24.9 percent. The sales volume of commercial housing was 3.837.8 trillion yuan, up 88.5%; That is an increase of 41.9 percent over the January-March period of 2019, with a two-year average growth of 19.1 percent. Among them, residential sales increased by 95.5%, office sales by 44.0%, and commercial business sales by 25.8%.
From January to March, the sales area of commercial housing in eastern China was 153.47 million square meters, up 74.3% year on year. Sales volume reached 2.280.7 billion yuan, an increase of 1.02fold. The sales area of commercial housing in central China was 96.39 million square meters, up 68.9%; The sales volume was 727.7 billion yuan, up 93.1 percent. The sales area of commercial housing in the western region was 100.39 million square meters, up 47.1%; The sales volume was 746.2 billion yuan, up 57.2 percent. The sales area of commercial housing in Northeast China was 9.81 million square meters, up 52.1 percent. The sales volume was 83.1 billion yuan, up 51.1%.
At the end of March, the area of commercial housing for sale was 518.58 million square meters, 5.67 million square meters less than that at the end of February. Among them, the area for sale of residential buildings decreased by 5.59 million square meters, office buildings by 710,000 square meters and commercial buildings by 150,000 square meters.
In terms of funds in place for real estate development enterprises, data show that from January to March, the funds in place for real estate development enterprises reached 4.746.5 billion yuan, up 41.4% year on year; That is an increase of 21.9% over the January-March period of 2019, with a two-year average growth of 10.4%. Of this, domestic loans amounted to 722.2 billion yuan, up 7.5%; FDI utilization was 1.1 billion yuan, down 41.0%; 1.301.5 trillion yuan of self-raised funds, up 21.0%; Deposits and advances are 1.775.9 trillion yuan, up 86.1%; Personal mortgage loans reached 784.3 billion yuan, up 50.0%.
Separately, the data showed that the property development climate index in March stood at 101.29.
