National Bureau of Statistics: National real estate development investment of 4797.9 billion yuan in January-August decreased 19.9% year-on-year

The Zhitong Finance App learned that the National Bureau of Statistics released the basic situation of the national real estate market for January-August. Data show that in January-August, the country invested 4797.9 billion yuan in real estate development, a year-on-year decrease of 19.9% (based on a comparable scale); of these, residential investment was 371.7 billion yuan, a decrease of 19.7%. In January-August, the housing construction area of real estate development enterprises was 5607.7 million square meters, a year-on-year decrease of 12.8%. Among them, the residential construction area was 3893.47 million square meters, a decrease of 13.2%. The new housing construction area was 298.94 million square meters, a decrease of 24.8%. Among them, the new residential construction area was 218.4 million square meters, a decrease of 25.4%. The completed housing area was 21.97 million square meters, a decrease of 23.7%. Among them, the completed residential area was 147.98 million square meters, a decrease of 25.4%.

The original text is as follows:

The basic situation of the national real estate market from January to August 2026

I. Status of completion of investment in real estate development

From January to August, the country invested 4797.9 billion yuan in real estate development, a year-on-year decrease of 19.9% (based on a comparable scale); of these, residential investment was 371.7 billion yuan, a decrease of 19.7%.

From January to August, the housing construction area of real estate development enterprises was 5607.7 million square meters, a year-on-year decrease of 12.8%. Among them, the residential construction area was 3893.47 million square meters, a decrease of 13.2%. The new housing construction area was 298.94 million square meters, a decrease of 24.8%. Among them, the new residential construction area was 218.4 million square meters, a decrease of 25.4%. The completed housing area was 21.97 million square meters, a decrease of 23.7%. Among them, the completed residential area was 147.98 million square meters, a decrease of 25.4%.

II. Sales and pending sales of commercial housing

From January to August, the sales area of newly built commercial housing was 498.8 million square meters, a year-on-year decrease of 12.1%; of these, the residential sales area fell 13.0%. Sales of newly built commercial housing amounted to 4747 billion yuan, a decrease of 13.0%; of these, residential sales fell 13.1%. According to data from the Ministry of Housing, Urban-Rural Development, from January to August, the area of online contracts for second-hand housing transactions was 549.23 million square meters, an increase of 10.6% over the previous year.

At the end of August, the area of newly built commercial housing for sale was 753.49 million square meters, a year-on-year decrease of 1.1%. Among them, the area to be sold for less than 3 years was 548.19 million square meters, a decrease of 4.2%.

III. Status of funds available for real estate development enterprises

From January to August, real estate development companies received 5089.3 billion yuan in capital, a year-on-year decrease of 21.0%. Among them, domestic loans amounted to $688 billion, a decrease of 33.3%; self-financing of $1843.2 billion, a decrease of 20.0%; deposits and advance payments of $1603.7 billion, a decrease of 14.8%; and personal mortgage loans of $684.6 billion, a decrease of 22.4%.

This article was compiled from the official website of the “National Bureau of Statistics”. Zhitong Finance Editor: Jiang Yuanhua.