In January-May this year, China's total real estate investments amounted to RMB 2.6798 trillion ($435 billion), up 20.6 percent year on year, with this growth rate down 0.5 percentage point compared to the increase rate recorded in January-April, as announced by China's National Bureau of Statistics.
Meanwhile, investment in residential dwellings in China in January-May amounted to RMB 1.8363 trillion ($298 billion), up 21.6 percent year on year, accounting for 68.5 percent of total real estate investments.
In the January-May period of the current year, the total area of newly-completed real estate built by construction enterprises in China amounted to 5.23431 billion m2, up 16.0 percent on year-on-year basis, 1.2 percentage points slower than the growth rate recorded in January-April this year.
Additionally, in January-May this year new commercial buildings sold in China covered a total area of 391.18 million m2, up 35.6 percent on year-on-year basis, down 2.4 percentage points compared to the growth rate in January-April. The total area covered by new residential buildings sold during January-May was up 37.6 percent year on year, while the total area covered by new office buildings sold was up 35.5 percent year on year.
In the January-May period this year, the total sales value of new commercial buildings in China amounted to RMB 2.5864 trillion ($420 billion), up 52.8 percent on year-on-year basis, with a 56.8 percent rise in the value of new residential building sales, and a 53.7 percent rise in the value of new office building sales, both year on year.