In the January-February period of the current year, total real estate investments in China amounted to RMB 878.6 billion ($140.4 billion), up 10.4 percent year on year, with this growth rate down 0.1 percentage point compared to the year-on-year increase rate recorded in the whole of 2014, as announced by China's National Bureau of Statistics (NBS) on March 11.
Investments in residential dwellings in China in the January-February period of the current year amounted to RMB 592.2 billion ($94.6 billion), up 9.1 percent year on year, accounting for 67.4 percent of total real estate investments in the country during the given period.
In the period in question, new commercial real estate sold in China covered a total area of 87.64 million m2, down 16.3 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period was down 17.8 percent, the total area covered by new office buildings sold decreased by 4.6 percent, while the total area of new commercial business space sold during the given period was up 3.2 percent, all year on year.