In the January-November period this year, total real estate investments in China amounted to RMB 12.3863 trillion ($1.8 trillion), down 9.8 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the given period, new commercial real estate sold in China covered a total area of 1212.5 million m2, down 23.3 percent year on year.
The total area covered by construction activity in China in the given period declined by 6.5 percent year on year. Nevertheless, the new area covered by construction activity decreased by 38.9 percent year on year in the given period.
Real estate development prosperity index stood at 94.42, down from 94.7 recorded in October, indicating an overall downtrend since October--100.57, last year, showing the weak performance in real estate market.
However, China has issued policies to bolster the real estate industry, which will stimulate the construction activities and transaction activities in real estate market.