In the January-March period of the current year, total real estate investments in China amounted to RMB 2.1291 trillion ($0.34 trillion), up 10.4 percent year on year, with this growth rate up 0.5 percentage points compared to that recorded for the January-February period, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-March period this year amounted to RMB 1.4705 trillion ($233.9 billion), rising by 13.3 percent year on year, accounting for 69.1 percent of total real estate investments in the country during the given period.
In the January-March period, new commercial real estate sold in China covered a total area of 300.88 million m2, up 3.6 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 2.5 percent, the total area covered by new office buildings sold decreased by 2.8 percent, while the total area of new commercial business space sold during the given period was up 9.6 percent, all year on year.