National Bureau of Statistics: From January to April, the national real estate development investment was 2.773 trillion yuan, a year-on-year decrease of 10.3%.

On May 19, the National Bureau of Statistics released the basic situation of the national real estate market from January to April 2025. From January to April, the total investment in real estate development in the country was 2.773 trillion yuan, a year-on-year decrease of 10.3% (calculated on a comparable basis); of which, residential investment was 2.1179 trillion yuan, a decrease of 9.6%. From January to April, the construction area of buildings by real estate development enterprises was 6.20315 billion square meters, a year-on-year decrease of 9.7%. Among them, the residential construction area was 4.31937 billion square meters, a decrease of 10.1%. The newly started construction area of buildings was 178.36 million square meters, a decrease of 23.8%. The original text is as follows: Basic Situation of the National Real Estate Market from January to April 2025 I. Completion of Real Estate Development Investment From January to April, the total investment in real estate development in the country was 2.773 trillion yuan, a year-on-year decrease of 10.3% (calculated on a comparable basis, see Note 6); of which, residential investment was 2.1179 trillion yuan, a decrease of 9.6%. From January to April, the construction area of buildings by real estate development enterprises was 6.20315 billion square meters, a year-on-year decrease of 9.7%. Among them, the residential construction area was 4.31937 billion square meters, a decrease of 10.1%. The newly started construction area of buildings was 178.36 million square meters, a decrease of 23.8%. Among them, the newly started residential construction area was 131.64 million square meters, a decrease of 22.3%. The completed construction area of buildings was 156.48 million square meters, a decrease of 16.9%. Among them, the completed residential construction area was 114.24 million square meters, a decrease of 16.8%. II. Sales and Unsold Situation of Newly Built Commercial Houses From January to April, the sales area of newly built commercial houses was 282.62 million square meters, a year-on-year decrease of 2.8%, a narrowing of 0.2 percentage points compared to January-March; among them, the sales area of residential houses decreased by 2.1%. The sales revenue of newly built commercial houses was 270.35 billion yuan, a decrease of 3.2%; among them, the sales revenue of residential houses decreased by 1.9%. By the end of April, the unsold area of commercial houses was 781.42 million square meters, a decrease of 5.22 million square meters compared to the end of March. Among them, the unsold area of residential houses decreased by 4.55 million square meters. III. Capital Inflow Situation of Real Estate Development Enterprises From January to April, the capital inflow of real estate development enterprises was 3.2596 trillion yuan, a year-on-year decrease of 4.1%. Among them, domestic loans were 561.9 billion yuan, an increase of 0.8%; the use of foreign capital was 1.6 billion yuan, an increase of 82.0%; self-raised funds were 1.0953 trillion yuan, a decrease of 6.8%; deposits and prepayments were 968.3 billion yuan, a decrease of 3.0%; individual mortgage loans were 451.8 billion yuan, a decrease of 8.5%. IV. Real Estate Development Prosperity Index In April, the Real Estate Development Prosperity Index (referred to as "National Real Estate Prosperity Index") was 93.86. This article was selected from the National Bureau of Statistics, edited by GMTEight: Chen Wenfang.