In the January-June period of the current year, total real estate investments in China amounted to RMB 5.061 trillion ($0.74 trillion), up 8.5 percent year on year, with this growth rate 0.3 percentage points lower than that recorded in the January-May period this year, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-June period this year amounted to RMB 3.4318 trillion ($0.51 trillion), rising by 10.2 percent year on year, accounting for 67.8 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 746.62 million m2, up 16.1 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 13.5 percent, the total area covered by new office buildings sold rose by 38.8 percent, while the total area of new commercial business space sold during the given period was up 32.5 percent, all year on year.