In the January-February period of the current year, total real estate investments in China amounted to RMB 986.4 billion ($142.75 billion), up 8.9 percent year on year, with this growth rate two percentage points higher than that recorded for 2016. Investments in residential dwellings in the given period accounted for 66.7 percent of total real estate investments in the country, as announced by China's National Bureau of Statistics (NBS).
In the period in question, new commercial real estate sold in China covered a total area of 140.54 million m2, up 25.1 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 23.7 percent, the total area covered by new office buildings sold rose by 39.1 percent, while the total area of new commercial business space sold during the given period was up 31.8 percent, all year on year.