In 2014, the investment in real estate development was 9,503.6 billion yuan, up by 10.5 percent. Of this total, the investment in residential buildings reached 6,435.2 billion yuan, an increase of 9.2 percent, that in office buildings was 564.1 billion yuan, up by 21.3 percent, and that in buildings for commercial business was 1,434.6 billion yuan, up by 20.1 percent.
In 2014, 5.11 million apartments under the national urban affordable housing projects were completed and 7.40 million units were newly started.
Table 6: Main Indicators for Real Estate Development and Sales and Its Growth Rate in 2014 |
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Item |
Unit |
Volume |
Increase over 2013 (%) |
Value of Investment |
100 million RMB |
95036 |
10.5 |
Of which: residential buildings |
100 million RMB |
64352 |
9.2 |
Of which: 90 square meters and below |
100 million RMB |
20335 |
4.6 |
Floor space of houses under construction |
10,000 square meters |
726482 |
9.2 |
Of which: residential buildings |
10,000 square meters |
515096 |
5.9 |
Floor space of houses newly started |
10,000 square meters |
179592 |
-10.7 |
Of which: residential buildings |
10,000 square meters |
124877 |
-14.4 |
Floor space of houses completed |
10,000 square meters |
107459 |
5.9 |
Of which: residential buildings |
10,000 square meters |
80868 |
2.7 |
Sales of commercial buildings |
10,000 square meters |
120649 |
-7.6 |
Of which: residential buildings |
10,000 square meters |
105182 |
-9.1 |
Sources of capital this year |
100 million RMB |
121991 |
-0.1 |
Of which: domestic loans |
100 million RMB |
21243 |
8.0 |
individual mortgage |
100 million RMB |
13665 |
-2.6 |
V. Domestic Trade
The domestic trade sustained stable growth. In 2014, the total retail sales of consumer goods[15] reached 26,239.4 billion yuan, a growth of 12.0 percent over the previous year, or a real growth of 10.9 percent after deducting price factors. An analysis on different areas showed that the retail sales of consumer goods in urban areas stood at 22,636.8 billion yuan, up by 11.8 percent, and that in rural areas reached 3,602.7 billion yuan, up by 12.9 percent. Grouped by consumption patterns, the retail sales of commodities was 23,453.4 billion yuan, up by 12.2 percent, and that of catering industry was 2,786.0 billion yuan, up by 9.7 percent.
The online retail sales[16] were 2,789.8 billion yuan in 2014, an increase of 49.7 percent compared with last year. The online retail sales of enterprises above designated size were 440.0 billion yuan, an increase of 56.2 percent.