The Chinese Academy of Social Sciences (CASS) has stated in its outlook for China’s property market in 2017 that real estate investments in China in the given year are expected to reach RMB 10.6320 trillion ($1.55 trillion), up 5.4 percent year on year, with this growth rate 0.3 percentage points higher than that recorded in 2016.
Meanwhile, CASS also stated that average sales prices of houses in the commercial property market in China in 2017 are expected to increase by 3.4 percent year on year, with this growth rate about six percentage points lower than that recorded in 2016.