2014-09-13

Real Estate Investment Growth Sinks Below 10% YoY in August

China calculates the real estate growth figure as a running total. I calculate the yoy 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.

Original report is available here: 2014年1-8月份全国房地产开发和销售情况.

The other big numbers:

Fixed Asset Investment: 13.3% in August versus the 16.5% cumulative figure. 2014年1-8月份全国固定资产投资(不含农户)增长16.5%
Private Fixed Asset Investment: 16.0% in August versus the 19.0% cumulative figure. 2014年1-8月份民间固定资产投资增长19%

ZeroHedge has analyst coverage: Chinese Growth Slows Most Since Lehman; Capex Worst Since 2001; Electric Output Tumbles To Negative

Here's the real estate detail:
Real Estate Investment Growth Rate

Land purchases by developer (area)

New Home Sales By Area (yellow) and Yuan (blue)

Developer Capital
Table 12 Jan-Aug 2014 national real estate development and sales
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
  

  Table  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  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

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