In the January-August period this year, total real estate investments in China amounted to RMB 5.212 trillion ($851.6 billion), up 19.3 percent year on year, with this growth rate down 1.2 percentage points compared to the year-on-year increase rate recorded in January-July, as announced by China's National Bureau of Statistics on September 10.
In the January-August period this year, new commercial real estate sold in China covered a total area of 708.42 million m2, up 23.4 percent on year-on-year basis, which was down 2.4 percentage points compared to the growth rate in January-July. The total area covered by new residential buildings sold in China during January-August was up 24.4 percent, the total area covered by new office buildings sold increased by 28.2 percent, while the total area of new commercial business space sold during the given period was up 7.8 percent, all year on year.
In the January-August period this year, the total sales value of new commercial real estate in China amounted to RMB 4.5724 trillion ($747.1 billion), up 34.4 percent on year-on-year basis, with a 35.7 percent rise in the value of new residential building sales, a 41.9 percent rise in the value of new office building sales, and a 19.8 percent rise in the sales value of new commercial business spaces, all year on year.