In the January-October period this year, total real estate investments in China amounted to RMB 7.722 trillion ($1.258 trillion), up 12.4 percent year on year, with this growth rate down 0.1 percentage points compared to the year-on-year increase rate recorded in the January-September period of the current year, as announced by China's National Bureau of Statistics (NBS) on November 13.
Investments in residential dwellings in China in the first 10 months this year amounted to RMB 5.2464 trillion ($0.854 trillion), up 11.1 percent year on year, accounting for 67.9 percent of total real estate investments in the country during the given period.
In the January-October period, new commercial real estate sold in China covered a total area of 884.94 million m2, down 7.8 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the January-October period was down 9.5 percent, the total area covered by new office buildings sold decreased by 9.9 percent, while the total area of new commercial business space sold during the given period was up 8.2 percent, all year on year.