Real estate investments in China rise by 10.9 percent in H1

Wednesday, 17 July 2019 10:49:09 (GMT+3)   |   Shanghai

In the January-June period of this year, total real estate investments in China amounted to RMB 6.1609 trillion ($0.9 trillion), up 10.9 percent year on year, with this growth rate down 0.3 percentage points compared to that recorded in the January-May period this year, as announced by China's National Bureau of Statistics (NBS).

Investments in residential dwellings in China in the first six months of the year amounted to RMB 4.5167 trillion ($0.66 trillion), rising by 15.8 percent year on year, accounting for 73.3 percent of total real estate investments in the country during the given period.

In the January-June period, new commercial real estate sold in China covered a total area of 757.86 million m2, down 1.8 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period decreased by 1.0 percent, the total area covered by new office buildings sold decreased by 10.0 percent, while the total area of new commercial business space sold during the given period was down 12.3 percent, all year on year.

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