In the January-October period of the current year, total real estate investments in China amounted to RMB 8.3975 trillion ($1.23 trillion), up 6.6 percent year on year, with this growth rate 0.8 percentage points higher than that recorded in the January-September period this year, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-October period this year amounted to RMB 5.6294 trillion ($0.82 trillion), rising by 5.9 percent year on year, accounting for 67.0 percent of total real estate investments in the country during the given period.
In the period in question, new commercial real estate sold in China covered a total area of 1.20338 billion m2, up 26.8 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 27.0 percent, the total area covered by new office buildings sold rose by 36.1 percent, while the total area of new commercial business space sold during the given period was up 19.3 percent, all year on year.