Residential sales area in Beijing increased by 10.9% in January and February.

From January to February, the newly started construction area of real estate development enterprises in the city was 1.049 million square meters, a decrease of 18.4% year-on-year. Among them, the newly started residential area was 796,000 square meters, a decrease of 33.1%. The total completed construction area in the city was 1.162 million square meters, a year-on-year decrease of 22.6%. Among them, the completed residential area was 637,000 square meters, a decrease of 16.6%. From January to February, the sales area of newly constructed commercial housing in the city was 934,000 square meters, a year-on-year decrease of 1.3%. Among them, the sales area of residential housing was 664,000 square meters, an increase of 10.9%, mainly driven by the concentrated sale of affordable housing; office buildings were 18,000 square meters, a decrease of 21.9%; commercial business premises were 111,000 square meters, a decrease of 11.7%. From January to February, the total funds in place of real estate development enterprises in the city this year were 42.14 billion yuan, a year-on-year decrease of 7.5%. Among them, deposits and advance payments were 18.37 billion yuan, down 5.9%; domestic loans were 10.32 billion yuan, down 0.6%; self-raised funds were 6.21 billion yuan, an increase of 4.6%.