In the January-February period of the current year, total real estate investments in China amounted to RMB 1.0831 trillion ($0.17 trillion), up 9.9 percent year on year, with this growth rate up 2.9 percentage points compared to that recorded for the full year of 2017, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-February period this year amounted to RMB 737.9 billion ($116.9 billion), rising by 12.3 percent year on year, accounting for 68.1 percent of total real estate investments in the country during the given period.
In the January-February period, new commercial real estate sold in China covered a total area of 146.33 million m2, up 4.1 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 2.3 percent, the total area covered by new office buildings sold rose by 12.0 percent, while the total area of new commercial business space sold during the given period was up 14.6 percent, all year on year.