Real estate investments in China up 11.9 percent in January-April

Friday, 17 May 2019 11:07:35 (GMT+3)   |   Shanghai
       

In the January-April period of the current year, total real estate investments in China amounted to RMB 3.4217 trillion ($0.50 trillion), up 11.9 percent year on year, with this growth rate up 0.1 percentage point compared to that recorded in the January-March period this year, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the first four months of the year amounted to RMB 2.4925 trillion ($0.36 trillion), rising by 16.8 percent year on year, accounting for 72.8 percent of total real estate investments in the country during the given period.

In the January-April period, new commercial real estate sold in China covered a total area of 420.85 million m2, down 0.3 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 0.4 percent, the total area covered by new office buildings sold decreased by 12.4 percent, while the total area of new commercial business space sold during the given period was down 8.8 percent, all year on year.

 


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