Cross-posted from Investing in Chinese Stocks.
China calculates the real estate growth figure as a running total. I calculate the year on year figure for one month alone. In July this growth figure was 11.9%. In August, it slumped to 9.9%. The trend is not looking good for GDP growth in Q3. Here’s the real estate detail from the weekend data dump. The Real estate investment growth rate:
Land purchases by developers (area):
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New Home Sales By Area (yellow) and Yuan (blue):
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Developer Capital:
| Table 12 Jan-Aug 2014 national real estate development and sal | ||
| Indicators | The absolute amount | An increase ( % ) |
| Real estate investment (￥100M) | 58975 | 13.2 |
| Of which: Residential | 40159 | 12.4 |
| Office | 3384 | 18.7 |
| Commercial space business | 8813 | 22.9 |
| Housing construction area (10,000 square meters) | 652,953 | 11.5 |
| Of which: Residential | 465,243 | 8.3 |
| Office | 26510 | 23.2 |
| Commercial space business | 83768 | 20.5 |
| New housing construction area (10,000 square meters) | 114,382 | -10.5 |
| Of which: Residential | 80174 | -14.4 |
| Office | 4544 | 10.7 |
| Commercial space business | 15814 | -0.5 |
| Housing area (10,000 square meters) | 49759 | 6.7 |
| Of which: Residential | 38036 | 4.8 |
| Office | 1272 | 13.8 |
| Commercial space business | 5659 | 10.0 |
| Land acquisition area (10,000 square meters) | 20787 | -3.2 |
| Land transaction price (￥100M) | 5694 | 12.8 |
| Sales of commercial area (10,000 square meters) | 64987 | -8.3 |
| Of which: Residential | 57094 | -10.0 |
| Office | 1402 | -8.9 |
| Commercial space business | 4521 | 6.4 |
| Commercial sales (￥100M) | 41661 | -8.9 |
| Of which: Residential | 34314 | -10.9 |
| Office | 1693 | -19.5 |
| Commercial space business | 4590 | 7.5 |
| Real estate for sale (10,000 square meters) | 56160 | 26.6 |
| Of which: Residential | 37047 | 26.9 |
| Office | 2204 | 31.9 |
| Commercial space business | 10776 | 25.7 |
| Real estate development enterprise funds in place (￥100M) | 79062 | 2.7 |
| Of which: domestic loans | 14664 | 13.8 |
| Utilization of foreign capital | 341 | -0.9 |
| Self-financing | 32618 | 11.6 |
| Other funds | 31440 | -8.9 |
| Among them: the deposit and advance payment | 18905 | -10.7 |
| Individual mortgage loans | 8697 | -4.5 |
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| Table 2 Jan-Aug 2014 East-Central-West Real Estate Investment | ||||
| Land area | Investment (￥100M) | An increase ( % ) | ||
| Residential | Residential | |||
| Total national | 58975 | 40159 | 13.2 | 12.4 |
| Eastern | 33525 | 22657 | 13.6 | 13.0 |
| Central | 12289 | 8674 | 10.6 | 11.8 |
| Western | 13160 | 8828 | 14.4 | 11.3 |
| Table 3 Jan-Aug 2014 East-Central-West Real Estate Sales | ||||
| Area | Real estate sales | Commercial sales | ||
| Absolute (10,000 square meters) | An increase ( % ) | Absolute (￥100M) | An increase ( % ) | |
| Total national | 64987 | -8.3 | 41661 | -8.9 |
| Eastern | 30485 | -15.0 | 24128 | -15.5 |
| Central | 17410 | -1.7 | 8709 | 1.6 |
| Western | 17093 | -1.1 | 8824 | 2.7 |
