In the January-March period this year, total real estate investments in China amounted to RMB 2.5974 trillion ($0.38 trillion), down 5.8 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the given period, new commercial real estate sold in China covered a total area of 299.46 million m2, down 1.8 percent year on year.
The total area covered by construction activity in China in the given period declined by 5.2 percent year on year. Nevertheless, the new area covered by construction activity decreased by 19.2 percent year on year in the given period.
The real estate development prosperity index stood at 94.71 in March, up from 94.67 in February, signaling a slightly improved performance in the real estate market.
