In the January-October period of the current year, total real estate investments in China amounted to RMB 9.0544 trillion ($1.37 trillion), up 7.8 percent year on year, with this growth rate down 0.3 percentage points compared that recorded in the January-September period this year, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-October period this year amounted to RMB 6.1871 trillion ($0.93 trillion), rising by 9.9 percent year on year, accounting for 68.3 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 1.30254 billion m2, up 8.2 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 5.6 percent, the total area covered by new office buildings sold rose by 28.2 percent, while the total area of new commercial business space sold during the given period was up 21.4 percent, all year on year.