China-Singapore Jingwei, October 22 (Zhang Meng) Recently, the National Bureau of Statistics released the real estate development investment data of 31 provinces in the first three quarters.
Sino-Singapore Jingwei combed and found that in the first three quarters, the real estate development investment in Guangdong and Jiangsu exceeded one trillion yuan, and the growth rate in 17 provinces exceeded that of the whole country.
Data map: Under construction at a construction site in Beijing.
Photo by Zhang Meng, China-Singapore Jingwei
Guangdong and Jiangsu have won the championship and runner-up
Real estate development investment exceeds one trillion
Data show that from January to September, the national investment in real estate development was 112568 billion yuan.
Among them, residential investment was 84,406,600 million yuan.
In terms of provinces, Guangdong and Jiangsu ranked the top two in terms of investment in real estate development, each exceeding 1 trillion yuan.
Among them, Guangdong's investment of 1,297.525 billion yuan ranked first, followed by Jiangsu's 1,059.62 billion yuan.
Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, pointed out in an interview with Sino-Singapore Jingwei that the amount of real estate development investment is related to its economic development status and real estate development scale.
Guangdong and Jiangsu provinces have large real estate scales, and various large-scale real estate companies are actively investing in these areas.
17 provinces grew faster than the whole country
11 places to achieve double-digit growth
According to data from the National Bureau of Statistics, in the first three quarters of 2021, investment in real estate development across the country increased by 8.8% year-on-year.
17 provinces, including Hubei, Xinjiang, Gansu, Hunan, Jiangxi, Hebei, Jilin, Sichuan, Beijing, Zhejiang, Shandong, Qinghai, Shanxi, Ningxia, Shanghai, Guangxi, and Hainan, grew faster than the whole country.
Among them, 11 places including Hubei, Xinjiang, Gansu, Hunan, Jiangxi, Hebei, Jilin, Sichuan, Beijing, Zhejiang and Shandong achieved double-digit growth.
The highest growth rate is Hubei (41.99%).
Guan Rongxue, an analyst at the Zhuge Housing Data Research Center, told Sino-Singapore Jingwei that in the first three quarters, the floor space of houses completed was 51.13 million square meters, an increase of 23.4%.
The completed area, which supports the growth of real estate investment, has maintained rapid growth, which has helped drive real estate development and investment to show a certain degree of resilience.
In the first three quarters, the growth rate of 17 provinces exceeded that of the whole country, and 11 regions achieved double-digit growth, which further demonstrated that real estate development investment has a certain degree of stability.
Yan Yuejin reminded that in the future, we must prevent the risk of cooling down in real estate development and investment in individual provinces. The recent loosening of credit policies and the improvement of expectations of real estate enterprises have objectively reduced the probability of cooling down.
Stabilizing investment also needs to become an important task in the fourth quarter.
Speaking of Hubei's real estate development investment growth rate ranking first, Yan Yuejin pointed out that this is related to statistical factors. Hubei will be affected by the epidemic in 2020, and the base will be relatively low.
At present, Hubei's social economy is developing steadily, and the development and investment data has picked up significantly, indicating that the real estate economy has strong resilience.
Guan Rongxue predicts that with the central bank's statement to maintain the steady supply of credit to the real estate market, it is expected that the financial pressure of the real estate industry will ease in the fourth quarter, and real estate development investment will show the characteristics of maintaining stability.
(Zhongxin Jingwei APP)
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