In the January-November period this year, total real estate investments in China amounted to RMB 7.7412 trillion ($1.27 trillion), up 19.5 percent year on year, with this growth rate up 0.3 percentage points compared to the year-on-year increase rate recorded in January-October, as announced by China's National Bureau of Statistics.
Meanwhile, investment in residential dwellings in China in January-November this year amounted to RMB 5.3112 trillion ($0.87 trillion), up19.1 percent year on year, accounting for 68.6 percent of total real estate investments in the country during the given period.
In the January-November period this year, new commercial real estate sold in China covered a total area of 1.10807 billion m2, up 20.8 percent on year-on-year basis, down 1.0 percentage point compared to the growth rate in January-October. The total area covered by new residential buildings sold in China during January-November was up 21.3 percent, the total area covered by new office buildings sold increased by 26.6 percent, while the total area of new commercial business space sold during the given period was up 12.1 percent, all year on year.
In the January-November period this year, the total sales value of new commercial real estate in China amounted to RMB 6.9946 trillion ($1.15 trillion), up 30.7 percent on year-on-year basis, with a 31.1 percent rise in the value of new residential building sales, a 39.5 percent rise in the value of new office building sales, and a 22.4 percent rise in the value of new commercial business space sales, all year on year.