In the January-July period of the current year, total real estate investments in China amounted to RMB 5.2562 trillion ($0.82 trillion), up 4.3 percent year on year, with this growth rate down 0.3 percentage points compared to the year-on-year increase rate recorded in the January-June period this year, as announced by China's National Bureau of Statistics (NBS) on August 12.
Investments in residential dwellings in China in the January-July period of the current year amounted to RMB 3.5380 trillion ($0.55 trillion), up 3.0 percent year on year, accounting for 67.3 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 599.14 million m2, up 6.1 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 6.9 percent, the total area covered by new office buildings sold decreased by 0.4 percent, while the total area of new commercial business space sold during the given period was up 2.3 percent, all year on year.