National Bureau of Statistics: From January to October, the national real estate development investment totaled 73,563 billion yuan, a year-on-year decrease of 14.7%.

On November 14, the National Bureau of Statistics released a document stating that from January to October, the total real estate development investment in the country was 7.3563 trillion yuan, a year-on-year decrease of 14.7% (calculated on a comparable basis); of which, residential investment was 5.6595 trillion yuan, a decrease of 13.8%. From January to October, the sales area of newly constructed commercial buildings was 71.982 million square meters, a year-on-year decrease of 6.8%; with residential sales area decreasing by 7.0%. The sales revenue of newly constructed commercial buildings was 6.9017 trillion yuan, a decrease of 9.6%; with residential sales revenue decreasing by 9.4%. Original text: Basic situation of the national real estate market from January to October 2025 I. Completion of real estate development investment From January to October, the total real estate development investment in the country was 7.3563 trillion yuan, a year-on-year decrease of 14.7% (calculated on a comparable basis, see footnote 6); of which, residential investment was 5.6595 trillion yuan, a decrease of 13.8%. From January to October, the construction area of housing by real estate development enterprises was 6.52939 million square meters, a year-on-year decrease of 9.4%. Among them, the construction area of residential buildings was 4.55253 million square meters, a decrease of 9.7%. The newly started construction area of housing was 4.9061 million square meters, a decrease of 19.8%. Among them, the newly started construction area of residential buildings was 3.5952 million square meters, a decrease of 19.3%. The completed construction area of housing was 3.4861 million square meters, a decrease of 16.9%. Among them, the completed construction area of residential buildings was 2.4866 million square meters, a decrease of 18.9%. II. Sales and unsold situation of newly constructed commercial buildings From January to October, the sales area of newly constructed commercial buildings was 71.982 million square meters, a year-on-year decrease of 6.8%; with residential sales area decreasing by 7.0%. The sales revenue of newly constructed commercial buildings was 6.9017 trillion yuan, a decrease of 9.6%; with residential sales revenue decreasing by 9.4%. At the end of October, the unsold area of commercial buildings was 75.606 million square meters, a decrease of 3.22 million square meters compared to the end of September. Among them, the unsold area of residential buildings decreased by 2.92 million square meters. III. Capital in place of real estate development enterprises From January to October, the capital in place of real estate development enterprises was 7.8853 trillion yuan, a year-on-year decrease of 9.7%. Among them, domestic loans were 1.216 trillion yuan, a decrease of 1.8%; the use of foreign capital was 19 billion yuan, a decrease of 37.5%; self-raised funds were 2.8419 trillion yuan, a decrease of 10.0%; deposits and prepayments were 2.3257 trillion yuan, a decrease of 12.0%; individual mortgage loans were 1.0834 trillion yuan, a decrease of 12.8%. IV. Real estate development prosperity index In October, the real estate development prosperity index (referred to as the "national real estate prosperity index") was 92.43. This article is selected from the National Bureau of Statistics, edited by GMTEight: Chen Wenfang.