Real estate investments in China up 11.8 percent in Q1

Friday, 19 April 2019 11:45:13 (GMT+3)   |   Shanghai

In the January-March period this year, total real estate investments in China amounted to RMB 2.3803 trillion ($0.35 trillion), up 11.8 percent year on year, with this growth rate up 0.2 percentage points compared to that recorded in the January-February period this year, as announced by China's National Bureau of Statistics (NBS).

Investments in residential dwellings in China in the first three months of the year amounted to RMB 1.7256 trillion ($0.26 trillion), rising by 17.3 percent year on year, accounting for 72.5 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 298.29 million m2, down 0.9 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period decreased by 0.6 percent, the total area covered by new office buildings sold decreased by 11.1 percent, while the total area of new commercial business space sold during the given period was down 6.9 percent, all year on year.

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