In the January-February period of the current year, total real estate investments in China amounted to RMB 1.209 trillion ($180.2 billion), up 11.6 percent year on year, with this growth rate up 2.1 percentage points compared to that recorded for the whole of 2018, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-February period amounted to RMB 871.1 billion ($129.8 billion), rising by 18.0 percent year on year, accounting for 72.1 percent of total real estate investments in the country during the given period.
In January-February, new commercial real estate sold in China covered a total area of 14,102 m2, down 3.6 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period decreased by 3.2 percent, the total area covered by new office buildings sold decreased by 15.7 percent, while the total area of new commercial business space sold during the given period was down 13.6 percent, all year on year.