National Bureau of Statistics: From January to August, national real estate development investment totaled 4,797.9 billion yuan, down 19.9% year-on-year.

The National Bureau of Statistics released the basic situation of the national real estate market from January to August. Data shows that from January to August, national real estate development investment totaled 4,797.9 billion yuan, down 19.9% year-on-year (calculated on a comparable basis); among which, residential investment was 3,701.7 billion yuan, down 19.7%. From January to August, the floor space under construction by real estate development enterprises was 5,607.70 million square meters, down 12.8% year-on-year. Among which, residential floor space under construction was 3,893.47 million square meters, down 13.2%. The floor space of new construction starts was 298.94 million square meters, down 24.8%. Among which, residential new construction starts were 218.40 million square meters, down 25.4%. The floor space of completed buildings was 210.97 million square meters, down 23.7%. Among which, residential completed floor space was 147.98 million square meters, down 25.4%. The original text is as follows: Basic Situation of the National Real Estate Market from January to August 2026 I. Completion of Real Estate Development Investment From January to August, national real estate development investment was 4,797.9 billion yuan, down 19.9% year-on-year (calculated on a comparable basis); among which, residential investment was 3,701.7 billion yuan, down 19.7%. From January to August, the floor space under construction by real estate development enterprises was 5,607.70 million square meters, down 12.8% year-on-year. Among which, residential floor space under construction was 3,893.47 million square meters, down 13.2%. The floor space of new construction starts was 298.94 million square meters, down 24.8%. Among which, residential new construction starts were 218.40 million square meters, down 25.4%. The floor space of completed buildings was 210.97 million square meters, down 23.7%. Among which, residential completed floor space was 147.98 million square meters, down 25.4%. II. Sales and Unsold Situation of Commercial Housing From January to August, the sales area of newly built commercial housing was 498.80 million square meters, down 12.1% year-on-year; among which, residential sales area decreased by 13.0%. The sales value of newly built commercial housing was 4,747.0 billion yuan, down 13.0%; among which, residential sales value decreased by 13.1%. According to data from the Ministry of Housing and Urban-Rural Development, from January to August, the online signing area for second-hand housing transactions was 549.23 million square meters, up 10.6% year-on-year. At the end of August, the unsold area of newly built commercial housing was 753.49 million square meters, down 1.1% year-on-year. Among which, the area unsold for less than 3 years was 548.19 million square meters, down 4.2%. III. Funds Available to Real Estate Development Enterprises From January to August, funds available to real estate development enterprises were 5,089.3 billion yuan, down 21.0% year-on-year. Among which, domestic loans were 688.0 billion yuan, down 33.3%; self-raised funds were 1,843.2 billion yuan, down 20.0%; deposits and advance receipts were 1,603.7 billion yuan, down 14.8%; individual mortgage loans were 684.6 billion yuan, down 22.4%. This article is excerpted from the official website of the "National Bureau of Statistics", edited by GMTEight: Jiang Yuanhua.