In the January-May period this year, total real estate investments in China amounted to RMB 4.0632 trillion ($0.57 trillion), down 10.1 percent year on year, slightly faster than the decline of 9.8 percent in the first four months this 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 366.42 million m2, down 20.3 percent year on year, also falling slightly faster than the 20.2 percent drop in the January-April period.
The total area covered by construction activity in China in the given period declined by 11.6 percent year on year. The new area covered by construction activity decreased by 24.2 percent year on year in the given period.
The real estate development prosperity index in May this year stood at 92.01, down from 92.02 recorded in April.
