In the January-November period this year, total real estate investments in China amounted to RMB 8.6601 trillion ($1.410 trillion), up 11.9 percent year on year, with this growth rate down 0.5 percentage points compared to the year-on-year increase rate recorded in the January-October period of the current year, as announced by China's National Bureau of Statistics (NBS) on December 12.
Investments in residential dwellings in China in the first 11 months this year amounted to RMB 5.8676 trillion ($0.956 trillion), up 10.5 percent year on year, accounting for 67.8 percent of total real estate investments in the country during the given period.
In the January-November period, new commercial real estate sold in China covered a total area of 1.01717 billion m2, down 8.2 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the January-November period was down 10.0 percent, the total area covered by new office buildings sold decreased by 9.2 percent, while the total area of new commercial business space sold during the given period was up 7.1 percent, all year on year.