National Bureau of Statistics: National real estate development investment in the first half of the year was 3.074 trillion yuan, a decrease of 18% year-on-year.

On July 15th, data released by the National Bureau of Statistics showed that from January to June, the total investment in real estate development in China was 3.8074 trillion yuan, a year-on-year decrease of 18.0% (calculated using comparable caliber); among them, residential investment was 2.930 trillion yuan, a decrease of 17.8%. From January to June, the sales area of newly built commercial buildings was 401.40 million square meters, a year-on-year decrease of 11.6%; among them, the sales area of residential buildings decreased by 12.4%. The sales revenue of newly built commercial buildings was 3.7945 trillion yuan, a decrease of 13.6%; among them, the sales revenue of residential buildings decreased by 13.7%. I. Completion of Real Estate Development Investment From January to June, the total investment in real estate development in China was 3.8074 trillion yuan, a year-on-year decrease of 18.0% (calculated using comparable caliber); among them, residential investment was 2.930 trillion yuan, a decrease of 17.8%. From January to June, the construction area of real estate development enterprises was 5.54049 billion square meters, a year-on-year decrease of 12.5%. Among them, the construction area of residential buildings was 3.84453 billion square meters, a decrease of 12.9%. The new construction area of buildings was 23.239 million square meters, a decrease of 23.4%. Among them, the new construction area of residential buildings was 16.9 million square meters, a decrease of 24.1%. The completion area of buildings was 17.221 million square meters, a decrease of 23.7%. Among them, the completion area of residential buildings was 12.148 million square meters, a decrease of 25.3%. II. Sales and Inventory of Newly Built Commercial Houses From January to June, the sales area of newly built commercial buildings was 401.40 million square meters, a year-on-year decrease of 11.6%; among them, the sales area of residential buildings decreased by 12.4%. The sales revenue of newly built commercial buildings was 3.7945 trillion yuan, a decrease of 13.6%; among them, the sales revenue of residential buildings decreased by 13.7%. At the end of June, the inventory of commercial houses was 76.315 million square meters, a year-on-year decrease of 0.9%. Among them, the inventory of houses under 3 years was 56.167 million square meters, a decrease of 3.5%. III. Capital in place for Real Estate Development Enterprises From January to June, the capital in place for real estate development enterprises was 4.0233 trillion yuan, a year-on-year decrease of 20.2%. Among them, domestic loans were 571.6 billion yuan, a decrease of 31.7%; self-raised funds were 1.47 trillion yuan, a decrease of 16.4%; deposits and advance payments were 1.2442 trillion yuan, a decrease of 15.8%; personal mortgage loans were 513.7 billion yuan, a decrease of 24.9%. This article was selected from the National Bureau of Statistics. Editor: Xu Wenqiang.