In 2014, total real estate investments in China amounted to RMB 9.5036 trillion ($1.533 trillion), up 10.5 percent year on year, with this growth rate down 1.4 percentage points compared to the year-on-year increase rate recorded in the January-November period last year, as announced by China's National Bureau of Statistics (NBS) on January 20.
Investments in residential dwellings in China in 2014 amounted to RMB 6.4352 trillion ($1.038 trillion), up 9.2 percent year on year, accounting for 67.7 percent of total real estate investments in the country during the given period.
In 2014, new commercial real estate sold in China covered a total area of 1.20649 billion m2, down 7.6 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given year was down 9.1 percent, the total area covered by new office buildings sold decreased by 13.4 percent, while the total area of new commercial business space sold during the given period was up 7.2 percent, all year on year.