Middle Finger Research Institute: In 2024, the sales area of newly built commercial residential buildings will be 970 million square meters, a year-on-year decrease of 12.9%.

The Research Institute of the Middle Finger stated that in 2024, the sales area of newly built commercial housing was 970 million square meters, a year-on-year decrease of 12.9%, narrowing by 1.4 percentage points from January to November. The sales volume of newly built commercial housing was 97 trillion yuan, a year-on-year decrease of 17.1%. Sales Area: In 2024, the sales area of newly built commercial housing was 970 million square meters, a year-on-year decrease of 12.9%, narrowing by 1.4 percentage points from January to November. Among them, the sales area of newly built residential housing was 810 million square meters, a year-on-year decrease of 14.1%, narrowing by 1.9 percentage points from January to November, while the sales area of office buildings decreased by 11.5% year-on-year, and the sales area of commercial business buildings decreased by 5.9%. Sales Volume: In 2024, the sales volume of newly built commercial housing was 97 trillion yuan, a year-on-year decrease of 17.1%, narrowing by 2.1 percentage points from January to November. Among them, the sales volume of newly built residential housing was 85 trillion yuan, a year-on-year decrease of 17.6%, narrowing by 2.4 percentage points from January to November, while the sales volume of office buildings decreased by 14.3% year-on-year, and the sales volume of commercial business buildings decreased by 13.6%. Supply: In 2024, the investment in real estate development decreased by 10.6% year-on-year, and the area of new construction of houses decreased by 23.0%. Investment in Real Estate Development: In 2024, the national investment in real estate development was 10 trillion yuan, a year-on-year decrease of 10.6%. Among them, the investment in residential development was 7.6 trillion yuan, a year-on-year decrease of 10.5%, accounting for 75.8% of the total investment in real estate development. New Construction Area of Houses: In 2024, the national new construction area of houses was 740 million square meters, a year-on-year decrease of 23.0%, unchanged from January to November. Among them, the new construction area of residential houses was 540 million square meters, a year-on-year decrease of 23.0%, narrowing by 0.1 percentage points from January to November. Construction Area of Houses: In 2024, the national construction area of houses was 7.33 billion square meters, a year-on-year decrease of 12.7%. Among them, the construction area of residential houses was 5.13 billion square meters, a year-on-year decrease of 13.1%. Completion Area of Houses: In 2024, the national completion area of houses was 740 million square meters, a year-on-year decrease of 27.7%. Among them, the completion area of residential houses was 540 million square meters, a year-on-year decrease of 27.4%. Funding Sources: In 2024, the funds raised by real estate companies amounted to 10.8 trillion yuan, a year-on-year decrease of 17.0%. Funds Raised by Real Estate Development Enterprises: In 2024, the funds raised by real estate development enterprises amounted to 10.8 trillion yuan, a year-on-year decrease of 17.0%, narrowing by 1.0 percentage points from January to November. Domestic Loans: In 2024, domestic loans amounted to 1.5 trillion yuan, a year-on-year decrease of 6.1%, narrowing by 0.1 percentage points from January to November, accounting for 14.1% of the total. Self-raised Funds: In 2024, self-raised funds amounted to 3.8 trillion yuan, a year-on-year decrease of 11.6%, accounting for 35.1%. Deposits and Prepayments: In 2024, deposits and prepayments amounted to 3.4 trillion yuan, a year-on-year decrease of 23.0%, narrowing by 2.2 percentage points from January to November, accounting for 31.2%. Personal Mortgage Loans: In 2024, personal mortgage loans amounted to 1.6 trillion yuan, a year-on-year decrease of 27.9%, narrowing by 2.5 percentage points from January to November, accounting for 14.5%.