Meaning

Variable

N

mean

sd

min

max

Residential commercial housing prices

Rhp

746

6382

4866

1299

48,622

Commercial housing prices

Chp

748

6592

4735

1520

47,936

Purchase restriction policy

Xg

748

0.23

0.42

0

1

Population

pop

748

627.6

436.3

53.52

3392

Gross production

gdp

748

405.3

442.1

12.23

3063

Fiscal expenditure

tge

748

60.71

88.9

1.88

754.8

Foreign investment

fdi

748

2.18

3.37

0

30.83

Investment in fixed assets

inv

748

254.6

245.1

10.97

2623

Investment in real estate

rei

748

62.44

74.38

1.85

423.6

Residential investment

invhousing

748

41.28

45.27

1.24

263.3

Proportion of built-up land

prop

748

13.13

10.78

1.25

97.18

Loan balance

lb

748

682.5

1030

9.32

7993

Interest rates on loans

lr

748

5.56

0.94

4.35

7.47

Total retail sales

trs

748

193.1

288.3

2.94

4803

Disposable income

perdi

748

25,647

9925

8480

62,596

Average wage of worker

wage

748

47,257

19,578

15,870

180,000

Rate of change in M2

m2gr

748

15.54

5.14

8.11

28.42

GDP rate of change

ggr

748

8.81

2.14

6.7

14.23

price index

cpi

748

102.9

2.04

97.3

119.3

Consumer confidence index

cci

748

106

6.33

100.4

122.6

Consumer satisfaction index

cei

748

109.2

6.3

100.6

125.9

Index of consumer expectations

csi

748

101.6

6.08

93.18

117.6

Area of land granted for construction

landarea

673

1399

1160

51.42

8277

Construction land sale price

landprice

674

2465

20,307

123.7

530,000

GDP per capita

pergdp

748

65,433

60,639

3454

520,000

Economic openness

open

748

4.5

3.54

0.02

21.75

Level of real estate development

reiinv

748

22.57

11.33

3.18

66.1

Dependence on land finance

depend

674

41.92

30.63

2.58

218.2

Residential house price to income ratio

rchpir

748

5.46

2.45

1.05

20.71