In the first quarter of the current year, total real estate investments in China amounted to RMB 1.7677 trillion ($0.27 trillion), up 6.2 percent year on year, with this growth rate 3.2 percentage points higher than 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 quarter of the current year amounted to RMB 1.1670 trillion ($0.18 trillion), up 4.6 percent year on year, accounting for 66.0 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 242.99 million m2, up 33.1 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 35.6 percent, the total area covered by new office buildings sold rose by 34.4 percent, while the total area of new commercial business space sold during the given period was up 8.5 percent, all year on year.