Ｏｐｅｒａｔｉｏｎ ｏｆ ｔｈｅ Ｎａｔｉｏｎａｌ Ｒｅａｌ Ｅｓｔａｔｅ Ｍａｒｋｅｔ ｆｒｏｍ Ｊａｎ． ｔｏ Ｊｕｌｙ，２００９

I.The completion of real estate development

From January to July this year， the total investment in real estate development amounted to 1，772.0 billion yuan， up by 11.6 percent year-on-year， and went up 1.7 percentage points over first half year， while that of a decrease of 19.3 percentage points over same period of previous year.