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Home >> Business
UPDATED: 17:25, December 16, 2005
China's real estate climate index down in November
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China's real estate climate index stood at 101.08 points in November, 0.02 points lower than in October and 3.53 points lower than a year earlier, according to official figures released Friday.

The real estate climate index, release by the National Bureau of Statistics (NBS), is a composite index reflecting the current situation and development trend of the real estate market in China.

The six sub-indices all decreased from the previous month, including investment, source of capital, areas of land developed, the average sales price of marketable buildings, the floor space of buildings under construction, and the floor space of marketable yet unsold buildings, according to the NBS report.

Over the first eleven months, investment in real estate registered 1.324 trillion yuan (about 163.3 billion US dollars), up 22.2 percent year-on-year, the NBS report showed.

The report revealed that 1.49 billion square meters of housing space have been constructed during the January-November period, up 18.5 percent year-on-year.

By the end of November, there were 114 million square meters of commercial space left unsold and vacant, up 14.2 percent year-on-year. Developed land totaled 143.72 million square meters, down 2.2 percent year-on-year.

Source: Xinhua


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