Real estate developers in China may have a capital source of 7 trillion yuan ($1.05 trillion) this year, the China Securities Journal reported Wednesday, citing an analyst with Haitong Securities.

A total of 5.69 trillion yuan has flooded to Chinese property developers over the first ten months of this year, up by 32 percent year-on-year, according to data from the National Bureau of Statistics (NBS). Among the 5.69 trillion yuan, 1.04 trillion yuan was sourced from domestic loans, up by 26.3 percent year-on-year.

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A breakdown of the NBS data shows that new domestic loans for developers in each month all increased year-on-year. New domestic loans for developers gained 63.17 percent in May, although the central government’s curb on the real estate sector began in April. The growth rate in June plummeted to 0.34 percent year-on-year, but rallied in the second half of the year.

Domestic loans for developers in October reached 104.47 billion yuan, up by 11.34 percent on a month-on-month basis and 18.83 percent on a year-on-year basis although the Chinese government issued measures to further tame the real estate market on Sept 29.

The total amount of capital flowing to real estate developers may hit 7 trillion yuan, more than last year’s 5.71 trillion yuan, according to Tu Lilei, an analyst with Haitong Securities, basing his estimate on the growth rate over the first ten months.

Liquidity in real estate industry may ease curbing effects, the China Securities Journal cited an unidentified source as saying.