In 2012, total investment in real estate development in China amounted to RMB 7.1804 trillion ($1.1507 trillion), up by 16.2 percent year on year, indicating signs of recovery in the sector, according to data released by China’s National Bureau of Statistics on January 18. In particular, residential real estate investment in China in 2012 amounted to RMB 4.9374 trillion ($791.25 billion), accounting for 68.8 percent of total real estate development investment during the year, and rising by 11.4 percent year on year.
Furthermore, the total area of commodity housing (excluding the ‘affordable housing’ category) sold in China in 2012 amounted to 1.11304 billion square meters, up by 1.8 percent year on year.