In the January-July period of the current year, total real estate investments in China amounted to RMB 5.9761 trillion ($0.9 trillion), up 7.9 percent year on year, with this growth rate 0.6 percentage points lower than that recorded in the January-June period this year, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-July period this year amounted to RMB 4.0683 trillion ($0.61 trillion), rising by 10.0 percent year on year, accounting for 68.1 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 863.51 million m2, up 14.0 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 11.5 percent, the total area covered by new office buildings sold rose by 33.7 percent, while the total area of new commercialbusiness space sold during the given period was up 29.4 percent, all year on year.