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.