In the January-October period of the current year, total real estate investments in China amounted to RMB 9.9325 trillion ($1.43 trillion), up 9.7 percent year on year, with this growth rate down 0.2 percentage points compared to 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 7.037 trillion ($1.01 trillion), rising by 13.7 percent year on year, accounting for 70.8 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 1.33117 billion m2, up 2.2 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 2.8 percent, the total area covered by new office buildings sold decreased by 10.5 percent, while the total area of new commercial business space sold during the given period was down 2.8 percent, all year on year.