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BEIJING, Nov. 19 (Xinhua)-The Beijing Municipal Bureau of Statistics announced on its official website today the operation of Beijing’s real estate market from January to October. In October, Beijing’s real estate development activities resumed, but under the background of overall economic slowdown and strong wait-and-see mood of buying houses, the main indicators of the real estate market are still running at a low level.
First, development investment has rebounded, but the overall trend is still downward.
From January to October, the city’s investment in real estate development was 131.53 billion yuan, a decrease of 7.3% compared with the same period of last year, and the decrease was 0.8 percentage points lower than that in the previous three quarters. Among them, the construction in August and September was restricted, and the investment in development was 6.87 billion yuan and 11.16 billion yuan respectively, down by 56.8% and 36.7% year-on-year; The investment in development completed in October rebounded to 17.84 billion yuan, down 1.8% from the same month last year.
The progress of the project construction has not been significantly accelerated.In October, the progress of project construction was not accelerated on a large scale, and the number of projects with construction activities has not recovered to the level before the Olympic Games. The investment in Jian ‘an project was small: only 5.66 billion yuan was completed in October, down 36% from last October. From January to October, the investment in Jian ‘an project was 61.76 billion yuan, down 17.9% year-on-year, and the decline was 2.5 percentage points higher than that in the previous three quarters.
Second, the pace of market supply slowed down, and the completed residential area fell by over 30%.
The construction area and new construction area continue to decline.Since July, with the limited construction and the slowdown of land acquisition by enterprises, the growth rate of development area has dropped significantly. In October, affected by subjective and objective factors, the construction and new construction area continued to show a downward trend. At the end of October, the construction area of commercial housing in the city was 90.159 million square meters, down 5.7% from the same period of last year, and the decline was 3.4 percentage points higher than that at the end of September. Among them, the residential construction area was 49.829 million square meters, down by 7.9%. From January to October, the newly started area of commercial housing in the city was 17.087 million square meters, down 8%, and the decline was 6.5 percentage points higher than that in the previous three quarters. Among them, the newly started residential area was 11.398 million square meters, down 3.9%.
The completed area continues to decline.Since December of last year, the completed area has been declining continuously. From January to October, the completed area of the city was 14.237 million square meters, down 8.3% from the same period of last year. Among them, the completed residential area was 7.692 million square meters, down 32.1%.
Third, the market sales are still sluggish, and the role of affordable housing is obvious.
The wait-and-see mood in the real estate market is still strong.In late October, the Ministry of Finance and the Central Bank jointly issued a package of policies to encourage housing consumption. However, under the background of economic slowdown, the price of commercial housing is still beyond the affordability as a demand for self-occupation or improvement, and as an investment demand, the wait-and-see mood in the sales market is still strong when the expected risks outweigh the benefits in the future. From January to October, the sales area of commercial housing in the city was 8.308 million square meters, down 49.6% over the same period of last year, of which the sales area of residential housing was 6.175 million square meters, down 54.2%. In October, the residential area sold was 1.124 million square meters, down 45.7% from the same month last year.
Policy-oriented housing sales have become the main factors driving market sales, with price-limited housing and affordable housing accounting for about two-thirds of the total number of residential sales in that month.From January to October, the city sold 56,115 sets of commercial housing, of which 13,042 sets were sold in October, which is the month with the largest number of sales since this year. From the perspective of selling houses, it is mainly that a large number of contracts were signed between price-limited houses and affordable houses in October, which boosted the sales volume of houses. The data shows that in October, 8766 sets of price-limited houses and affordable housing were sold, accounting for about two-thirds of the sales in that month. After deducting the above factors, the actual sales of pure commodity houses are still hovering at a low level.
Four, the real estate sales price has loosened, and the funds in place of enterprises have declined overall.
The year-on-year growth rate dropped, and the chain price continued to fall.In October, the year-on-year increase in housing sales prices in our city continued to fall, rising by 5.2%, which was 1.7 percentage points lower than that of the previous month; After the decline last month, the chain price continued to decline this month, falling by 0.2%, which was the same as last month. Among them, the price of new residential buildings continued to fall, down 0.1% from the previous month, and the decline slowed down. The sales price of second-hand houses decreased for three consecutive months, and decreased by 0.4 percentage points in October.
The funds put in place by real estate development enterprises this year have declined in an all-round way.From January to October, the source of funds for real estate development enterprises in our city this year was 237.55 billion yuan, down 23.2% from the same period of last year, and the decline was 8.9 percentage points higher than that in the previous three quarters. Among them, financial loans were 70.93 billion yuan, down 17.9%; Self-owned funds were 35.11 billion yuan, down 6.7%; Deposits and advance receipts were 70.48 billion yuan, down 36.1%.
Editor: Li Dan
