National Bureau of Statistics: In January-March, the country's real estate development investment of 4 billion yuan fell 9.9% year on year

The Zhitong Finance App learned that on April 16, data from the National Bureau of Statistics showed that in January-March, the country invested 190.4 billion yuan in real estate development, a year-on-year decrease of 9.9%; of these, residential investment was 1513.3 billion yuan, a decrease of 9.0%. From January to March, the housing construction area of real estate development enterprises was 6137.05 million square meters, a year-on-year decrease of 9.5%. Among them, the residential construction area was 4272.37 million square meters, a decrease of 9.9%. The new housing construction area was 129.96 million square meters, a decrease of 24.4%. Among them, the new residential construction area was 94.92 million square meters, a decrease of 23.9%. The completed housing area was 13.6 million square meters, a decrease of 14.3%. Among them, the completed residential area was 9.52 million square meters, a decrease of 14.7%.

The full text is as follows:

The basic situation of the national real estate market from January to March 2025

I. Status of completion of investment in real estate development

From January to March, the country's real estate development investment was 190.4 billion yuan, a year-on-year decrease of 9.9% (based on a comparable scale); of these, residential investment was 1513.3 billion yuan, a decrease of 9.0%. 

From January to March, the housing construction area of real estate development enterprises was 6137.05 million square meters, a year-on-year decrease of 9.5%. Among them, the residential construction area was 4272.37 million square meters, a decrease of 9.9%. The new housing construction area was 129.96 million square meters, a decrease of 24.4%. Among them, the new residential construction area was 94.92 million square meters, a decrease of 23.9%. The completed housing area was 13.6 million square meters, a decrease of 14.3%. Among them, the completed residential area was 9.52 million square meters, a decrease of 14.7%.

II. Status of sales and pending sale of newly built commercial housing

In January-March, the sales area of newly built commercial housing was 218.69 million square meters, down 3.0% year on year, and the decline was 2.1 percentage points narrower than in January-February; of these, residential sales area fell 2.0%. Sales of newly built commercial housing reached 2079.8 billion yuan, a decrease of 2.1%, and the decline narrowed by 0.5 percentage points; of these, residential sales fell 0.4%. 

At the end of March, the area of commercial housing for sale was 786.64 million square meters, a decrease of 12.27 million square meters compared to the end of February. Among them, the residential area for sale decreased by 10.17 million square meters.

III. Status of funds available for real estate development enterprises

From January to March, real estate development companies received 2472.9 billion yuan in capital, a year-on-year decrease of 3.7%. Among them, domestic loans amounted to 444.1 billion yuan, a decrease of 2.3%; use of foreign capital of 100 million yuan, a decrease of 83.2%; self-financing of 816.8 billion yuan, a decrease of 5.8%; deposits and advance payments of $733.5 billion, a decrease of 1.1%; and personal mortgage loans of $337.3 billion, a decrease of 7.0%. 

IV. Real Estate Development Sentiment Index

In March, the Real Estate Development Sentiment Index (“National Housing Sentiment Index” for short) was 93.96.

Source of this article: National Bureau of Statistics; Zhitong Finance Editor: Huang Xiaodong.