National Bureau of Statistics: In 2024, the national real estate development investment will be 10.28 trillion yuan, a year-on-year decrease of 10.6%.

According to the data from the National Bureau of Statistics, in 2024, the total investment in real estate development in the country was 10.028 trillion yuan, a decrease of 10.6% compared to the previous year (calculated on a comparable basis). Among them, residential investment was 7.604 trillion yuan, a decrease of 10.5%. In 2024, the construction area of houses by real estate development enterprises in the country was 7.33247 billion square meters, a decrease of 12.7% compared to the previous year. Among them, the construction area of residential buildings was 5.1333 billion square meters, a decrease of 13.1%. The new construction area of houses was 738.93 million square meters, a decrease of 23.0%. Among them, the new construction area of residential buildings was 53.66 million square meters, a decrease of 23.0%. The completed area of houses was 73.743 million square meters, a decrease of 27.7%. Among them, the completed area of residential buildings was 53.741 million square meters, a decrease of 27.4%. 2024 National Real Estate Market Overview I. Completion of Real Estate Development Investment In 2024, the total investment in real estate development in the country was 10.028 trillion yuan, a decrease of 10.6% compared to the previous year (calculated on a comparable basis); among them, residential investment was 7.604 trillion yuan, a decrease of 10.5%. In 2024, the construction area of houses by real estate development enterprises in the country was 7.33247 billion square meters, a decrease of 12.7% compared to the previous year. Among them, the construction area of residential buildings was 5.1333 billion square meters, a decrease of 13.1%. The new construction area of houses was 738.93 million square meters, a decrease of 23.0%. Among them, the new construction area of residential buildings was 53.66 million square meters, a decrease of 23.0%. The completed area of houses was 73.743 million square meters, a decrease of 27.7%. Among them, the completed area of residential buildings was 53.741 million square meters, a decrease of 27.4%. II. Sales and Inventory Situation of Newly Built Commercial housing In 2024, the sales area of newly built commercial housing was 97.385 million square meters, a decrease of 12.9% compared to the previous year, with the sales area of residential buildings declining by 14.1%. The sales amount of newly built commercial housing was 967.5 billion yuan, a decrease of 17.1%, with the sales amount of residential buildings decreasing by 17.6%. By the end of 2024, the inventory area of commercial housing was 75.327 million square meters, an increase of 10.6% compared to the end of the previous year. Among them, the inventory area of residential buildings increased by 16.2%. III. Capital in Place for Real Estate Development Enterprises In 2024, the capital in place for real estate development enterprises was 10.7661 trillion yuan, a decrease of 17.0% compared to the previous year. Among them, domestic loans were 1.5217 trillion yuan, a decrease of 6.1%; the use of foreign capital was 3.2 billion yuan, a decrease of 26.7%; self-raised funds were 3.7746 trillion yuan, a decrease of 11.6%; deposits and prepayments were 3.3571 trillion yuan, a decrease of 23.0%; individual mortgage loans were 1.5661 trillion yuan, a decrease of 27.9%. IV. Real Estate Development Prosperity Index In December 2024, the Real Estate Development Prosperity Index (referred to as the "National Property Prosperity Index") was 92.78.