In January 2024, 57 new bonds were issued in China's real estate sector, with a total issuance of 5299.1 billion yuan, an increase of 24 percent year-on-year0%；Net financing 139.7 billion yuan.
In January, the sales index of newly built commercial residential buildings in first-tier cities fell by 05%, the month-on-month decline narrowed by 01 percentage point; The sales index of newly built commercial residential buildings in second-tier cities fell by 04%, the month-on-month decline remained flat; The sales index of newly built commercial residential buildings in third-tier cities fell by 2% year-on-year1%, 01 percentage point; From January to December 2023, the sales area of commercial housing nationwide decreased by 8 percent year-on-year5%, the cumulative sales of commercial housing in the country decreased by 6 year-on-year5%。As of the end of 2023, the cumulative value of the area of commercial housing for sale nationwide increased by 19 percent year-on-year0%, continue to maintain a growth trend and still operate at a high level, the purchasing power of the demand side is still insufficient, the industry expectation and confidence are sluggish, the policy relief effect is weakened, the market repair still needs to be transmitted in the heat of the core cities, and the market is still in the bottoming stage. In terms of land, the number of land cases in January was 1,480, down 9% year-on-year7%, down 383%；The number of land transactions was 1,684, up 30% year-on-year7%, down 677%。From January to December 2023, the national real estate development investment was completed at 110,9128.8 billion yuan, a cumulative year-on-year decrease of 96%；Among them, 83,820 residential development investment was completed0.3 billion yuan, a cumulative year-on-year decrease of 93%, real estate development investment continued to maintain negative growth, real estate investment confidence has not yet recovered, new real estate construction and land supply has been 28 consecutive months, and the decline is significantly greater than the decline in front-end sales, resulting in a rapid contraction of the industry, and the willingness of real estate companies to start new construction is still insufficient. In January, the positive attitude and policy support of several departments to the real estate market injected new vitality into the entire industry. This series of statements and measures not only enhanced the confidence of the real estate market, but also brought substantial help to both supply and demand. First of all, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision jointly launched the "project white list" system, which reflects the firm determination of the Ministry of Housing and Urban-Rural Development and the financing support of the real estate industry, and ensures the effective use of funds and the smooth progress of the project. Secondly, with the issuance of the "Notice on the Establishment of the Urban Real Estate Financing Coordination Mechanism" and the convening of the Urban Real Estate Financing Coordination Mechanism Deployment Meeting, the cooperation between ** and financial institutions has become closer. The establishment of this cooperation mechanism provides a more convenient and efficient financing channel for real estate enterprises, which helps to solve the financial dilemma of real estate enterprises and promote the stable development of the industry. In addition, a number of regions have responded positively and implemented the "project whitelist" system, which further proves the feasibility and effectiveness of this policy. For those real estate companies whose credit status has been affected to a certain extent but still have high-quality projects, they can alleviate the financial pressure and ensure the smooth progress of the project through project-level financing support. Overall, in January, the positive statements and policy support of various departments on the real estate market have brought new hope and opportunities to the entire industry, and the alleviation of liquidity risk is still the core issue of the real estate market.
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