Core monthly real estate development and sales indicators published by China's National Bureau of Statistics (NBS), covering all licensed RE development enterprises nationwide (excludes self-built and informal housing). All figures are year-to-date (YTD) cumulative values and cumulative YoY growth rates. January and February are reported combined each year.
Investment: Completed investment by RE developers (including land acquisition costs), broken down by property type: residential, office, and commercial. Funding: Actual funds received by developers, split by channel: domestic loans (bank and non-bank financial institutions) and self-raised funds (internal funds and inter-corporate borrowing).
Construction: "Under construction" is a stock measure covering all ongoing projects (including carry-overs and resumed projects). "New starts" and "completions" are flow measures for the current period only. New starts are counted when foundation digging begins; completions when inspection is passed. Residential construction metrics are a subset of the totals.
Sales: Property sales area and value are recorded at contract signing (网签备案), not at actual payment receipt. Includes residential, office, and commercial, with a separate residential breakdown.
Tip: Selecting "Monthly" auto-derives single-month values from YTD data, with YoY% shown in the tooltip. Selecting "YTD Level" or "Monthly" together with "YTD YoY%" enables dual Y-axes.