Real estate climate index down in October
(Xinhua)
Updated: 2005-11-18 09:41

China's real estate climate index stood at 101.10 points in October, 0.47 points less than that of September and 3.84 points lower than a year earlier, according to a report released here on Thursday by the National Bureau of Statistics (NBS).

The real estate climate index is a composite index reflecting the current situation and development trend of the real estate market in China.

According to the report, the six sub-indices all decreased from the previous month, including investment, source of capital, areas of land developed, the average sales price of marketable buildings, the floor space of buildings under construction, and the floor space of marketable yet unsold buildings.

In the period of January to October, investment in real estate registered 1,176.9 billion yuan, up 21.6 percent year-on-year.

The report reveals that 1.43 billion square meters of houses have been constructed during the January-October period, up 18.5 percent year-on-year.

By the end of October, there were 112 million square meters of commercial housing left unsold and unused, up 8.3 percent year-on-year. Besides, 132.71 million square meters of land has been developed, down 1.3 percent year-on-year.