In March this year, total real estate
investments in
China amounted to RMB 1.5339 trillion ($0.25 trillion), up 16.8 percent year on year, with this growth rate down 2.5 percentage points compared to the year-on-year increase rate recorded in the January-February period of the current year, as announced by
China's National Bureau of Statistics (NBS) on April 16.
Investments in residential dwellings in
China in March amounted to RMB 1.053 trillion ($0.172 trillion), up 16.8 percent year on year, accounting for 68.7 percent of total real estate
investments in the country during the given period.
In March, new commercial real estate sold in
China covered a total area of 201.11 million m2, down 3.8 percent on year-on-year basis. The total area covered by new residential buildings sold in
China in March was down 5.7 percent, the total area covered by new office buildings sold decreased by 6.7 percent, while the total area of new commercial business space sold during the given period was up 6.0 percent, all year on year.
In March, the total value of new commercial real estate sales in
China amounted to RMB 1.3263 trillion ($0.216 trillion), down 5.2 percent on year-on-year basis, with a 7.7 percent decline in the value of new residential building sales, a 10.6 percent decline in the value of new office building sales, and a 7.9 percent rise in the value of new commercial business space sales, all year on year.