Real estate investments in China up 14.1% in first six months

Wednesday, 16 July 2014 10:58:11 (GMT+3)   |   Shanghai
       

In the January-June period this year, total real estate investments in China amounted to RMB 4.2019 trillion ($0.685 trillion), up 14.1 percent year on year, with this growth rate down 0.6 percentage points compared to the year-on-year increase rate recorded in the January-May period of the current year, as announced by China's National Bureau of Statistics (NBS) on July 16.
 
Investments in residential dwellings in China in the first six months this year amounted to RMB 2.8689 trillion ($0.468 trillion), up 13.7 percent year on year, accounting for 68.3 percent of total real estate investments in the country during the given period.
 
In the January-June period, new commercial real estate sold in China covered a total area of 483.65 million m2, down 6.0 percent on year-on-year basis. The total area covered by new residential buildings sold in China in January-June was down 7.8 percent, the total area covered by new office buildings sold decreased by 2.8 percent, while the total area of new commercial business space sold during the given period was up 7.7 percent, all year on year.

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