Real estate investments in China up one percent in 2015

Wednesday, 20 January 2016 10:23:26 (GMT+3)   |   Shanghai
       

In 2015, total real estate investment in China amounted to RMB 9.5979 trillion ($1.46 trillion), up 1.0 percent year on year, with this growth rate down 0.3 percentage points compared to the year-on-year increase rate recorded in the January-November period last year, as announced by China's National Bureau of Statistics (NBS) on January 19.

Investments in residential dwellings in China in 2015 amounted to RMB 6.4595 trillion ($0.98 trillion), up 0.4 percent year on year, accounting for 67.3 percent of total real estate investments in the country in 2015.

In 2015, new commercial real estate sold in China covered a total area of 1.28495 billion m2, up 6.5 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 6.9 percent, the total area covered by new office buildings sold rose by 16.2 percent, while the total area of new commercial business space sold during the given period was up 1.9 percent, all year on year.

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