National Bureau of Statistics: From January to October, national real estate development investment was 7.3563 trillion yuan, a year-on-year decrease of 14.7%.
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1. Completed Investment in Real Estate Development
From January to October, national real estate development investment reached 7,356.3 billion yuan, a year-on-year decrease of 14.7% (calculated on a comparable basis, see Note 6 for details); among this, residential investment was 5,659.5 billion yuan, down 13.8%.
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From January to October, the area under construction by real estate development enterprises was 6,529.39 million square meters, a year-on-year decrease of 9.4%. Of this, the residential construction area was 4,552.53 million square meters, down 9.7%. Newly started area for houses was 490.61 million square meters, a decrease of 19.8%. Of this, newly started residential area was 359.52 million square meters, down 19.3%. Completed area for houses was 348.61 million square meters, down 16.9%. Of this, completed residential area was 248.66 million square meters, down 18.9%.
2. Sales and Inventory of Newly Built Commercial Housing
From January to October, the sales area of newly built commercial housing was 719.82 million square meters, a year-on-year decrease of 6.8%; among this, residential sales area decreased by 7.0%. The sales value of newly built commercial housing was 6,901.7 billion yuan, down 9.6%; among this, residential sales value decreased by 9.4%.

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At the end of October, the area of commercial housing for sale was 756.06 million square meters, a decrease of 3.22 million square meters from the end of September. Of this, the residential area for sale decreased by 2.92 million square meters.
3. Funding Sources of Real Estate Development Enterprises
From January to October, real estate development enterprises obtained 7,885.3 billion yuan in funds, a year-on-year decrease of 9.7%. Of this, domestic loans were 1,216.0 billion yuan, down 1.8%; utilization of foreign capital was 1.9 billion yuan, down 37.5%; self-raised funds were 2,841.9 billion yuan, down 10.0%; deposits and advance payments were 2,325.7 billion yuan, down 12.0%; individual mortgage loans totaled 1,083.4 billion yuan, down 12.8%.

4. 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.



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