In the January-March period of the current year, total real estate investments in China amounted to RMB 1.9292 trillion ($278.95 billion), up 9.1 percent year on year, with this growth rate 0.2 percentage points higher than that recorded in the January-February period this year. Investments in residential dwellings in the given period accounted for 67.3 percent of total real estate investments in the country, as announced by China's National Bureau of Statistics (NBS).
In the period in question, new commercial real estate sold in China covered a total area of 290.35 million m2, up 19.5 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 16.9 percent, the total area covered by new office buildings sold rose by 52.9 percent, while the total area of new commercial business space sold during the given period was up 35.6 percent, all year on year.