National Bureau of Statistics: From January to June, the national real estate development investment totaled 4.6658 trillion yuan, a year-on-year decrease of 11.2%.

On July 15th, according to the National Bureau of Statistics, from January to June, the total investment in real estate development in China was 4.6658 trillion yuan, a year-on-year decrease of 11.2% (calculated by comparable caliber); of which, residential investment was 3.577 trillion yuan, a decrease of 10.4%. From January to June, the sales area of newly built commercial housing was 458.51 million square meters, a year-on-year decrease of 3.5%; with the residential sales area decreasing by 3.7%. The sales revenue of newly built commercial housing was 4.4241 trillion yuan, a decrease of 5.5%; with the residential sales revenue decreasing by 5.2%. Original text: Basic Situation of the National Real Estate Market in the First Half of 2025 I. Completion of Real Estate Development Investment From January to June, the total investment in real estate development in China was 4.6658 trillion yuan, a year-on-year decrease of 11.2% (calculated by comparable caliber, see note 6); of which, residential investment was 3.577 trillion yuan, a decrease of 10.4%. From January to June, the construction area of real estate development enterprises was 6.33321 billion square meters, a year-on-year decrease of 9.1%. Among them, the construction area of residential buildings was 4.4124 billion square meters, a decrease of 9.4%. The newly started construction area of buildings was 303.64 million square meters, a decrease of 20.0%. Among them, the newly started construction area of residential buildings was 22.288 million square meters, a decrease of 19.6%. The completed construction area of buildings was 22.567 million square meters, a decrease of 14.8%. Among them, the completed construction area of residential buildings was 16.266 million square meters, a decrease of 15.5%. II. Sales and Inventory of Newly Built Commercial Housing From January to June, the sales area of newly built commercial housing was 458.51 million square meters, a year-on-year decrease of 3.5%; with the residential sales area decreasing by 3.7%. The sales revenue of newly built commercial housing was 4.4241 trillion yuan, a decrease of 5.5%; with the residential sales revenue decreasing by 5.2%. At the end of June, the inventory of commercial housing was 76.948 million square meters, a decrease of 4.79 million square meters compared to the end of May. Among them, the inventory of residential housing decreased by 4.43 million square meters. III. Fund Placement of Real Estate Development Enterprises From January to June, the fund placement of real estate development enterprises was 5.0202 trillion yuan, a year-on-year decrease of 6.2%. Among them, domestic loans were 824.5 billion yuan, an increase of 0.6%; the utilization of foreign capital was 1.7 billion yuan, an increase of 25.4%; self-raised funds were 1.7544 trillion yuan, a decrease of 7.2%; deposits and prepayments were 1.4781 trillion yuan, a decrease of 7.5%; individual mortgage loans were 684.7 billion yuan, a decrease of 11.4%. IV. Real Estate Development Prosperity Index In June, the real estate development prosperity index (referred to as the "national real estate prosperity index") was 93.60. This article is compiled from the National Bureau of Statistics, edited by GMTEight: Chen Wenfang.