In 2017, total real estate investments in China amounted to RMB 10.9799 trillion ($1.71 trillion), up 7.0 percent year on year, with this growth rate down 0.5 percentage points compared to that recorded in the January-November period of the same year, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in 2017 amounted to RMB 7.5148 trillion ($1.17 trillion), rising by 9.4 percent year on year, accounting for 68.4 percent of total real estate investments in the country during the given period.
In 2017, new commercial real estate sold in China covered a total area of 1.69408 billion m2, up 7.7 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 5.3 percent, the total area covered by new office buildings sold rose by 24.3 percent, while the total area of new commercial business space sold during the given period was up 18.7 percent, all year on year.