2015-03-11

Real Estate Investment Bounces to 2014 YE Trend, But Sales and Land Purchases Down Big YoY

Land purchases by developers fell about 32%, well off the pace seen for most of 2014. Land sales are key for local government funding of infrastructure and real estate related development.

Real estate sales also plunged by about 16%, well off the pace of about 6-8% in 2014.

Investment rebounded to trend. Since 2014 also started off with a bang of 19% yoy growth, the growth number is encouraging for bulls. For bears, it's a much lower point to begin a downtrend from.


December results were covered here: Chinese Real Estate Investment Contracts in December

Full NBS report in Chinese here.

Charts from that report after the jump.


Real Estate Investment Growth Rate

Land purchases by developers (area)

New Home Sales By Area (yellow) and Yuan (blue)

Developer Capital

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