National Bureau of Statistics: From January to August, the national real estate development investment totaled 603.09 billion yuan, a year-on-year decrease of 12.9%.

On September 15, the National Bureau of Statistics released the basic situation of the national real estate market from January to August. The data shows that from January to August, the national real estate development investment was 603.09 billion yuan, a decrease of 12.9% year-on-year (calculated by comparable caliber); of which, residential investment was 463.82 billion yuan, a decrease of 11.9%. From January to August, the construction area of real estate development enterprises in the country was 6431.09 million square meters, a decrease of 9.3% year-on-year. Among them, the residential construction area was 4484.60 million square meters, a decrease of 9.6%. The newly started construction area of houses was 398.01 million square meters, a decrease of 19.5%. Article Source: Basic Situation of the National Real Estate Market from January to August 2025 I. Completion of Real Estate Development Investment From January to August, the total real estate development investment in the country was 603.09 billion yuan, a decrease of 12.9% year-on-year (calculated by a comparable caliber); of which, residential investment was 463.82 billion yuan, a decrease of 11.9%. From January to August, the construction area of real estate development enterprises in the country was 6431.09 million square meters, a decrease of 9.3% year-on-year. Among them, the residential construction area was 4484.60 million square meters, a decrease of 9.6%. The newly started construction area of houses was 398.01 million square meters, a decrease of 19.5%. Among them, the newly started residential construction area was 293.04 million square meters, a decrease of 18.3%. The completed construction area of houses was 276.94 million square meters, a decrease of 17.0%. Among them, the completed residential construction area was 198.76 million square meters, a decrease of 18.5%. II. Sales and Inventory of New Commercial Housing From January to August, the sales area of new commercial housing was 573.04 million square meters, a decrease of 4.7% year-on-year; among them, the sales area of residential housing decreased by 4.7%. The sales revenue of new commercial housing was 550.15 billion yuan, a decrease of 7.3%; among them, the sales revenue of residential housing decreased by 7.0%. At the end of August, the inventory of commercial housing was 761.69 million square meters, a decrease of 3.17 million square meters from the end of July. Among them, the inventory of residential housing decreased by 3.07 million square meters. III. Capital Situation of Real Estate Development Enterprises From January to August, the capital of real estate development enterprises was 643.18 billion yuan, a decrease of 8.0% year-on-year. Among them, domestic loans were 102.32 billion yuan, an increase of 0.2%; the use of foreign capital was 1.8 billion yuan, a decrease of 11.5%; self-raised funds were 229.74 billion yuan, a decrease of 8.9%; deposits and prepayments were 188.44 billion yuan, a decrease of 10.5%; personal mortgage loans were 88.57 billion yuan, a decrease of 10.5%. IV. Real Estate Development Prosperity Index In August, the Real Estate Development Prosperity Index (referred to as "National Real Estate Prosperity Index") was 93.05. This article was selected from the official website of the National Bureau of Statistics, GMTEight editor: Jiang Yuanhua.