In the January-May period this year, total real estate investments in China amounted to RMB 3.0739 trillion ($0.502 trillion), up 14.7 percent year on year, with this growth rate down 1.7 percentage points compared to the year-on-year increase rate recorded in the January-April period of the current year, as announced by China's National Bureau of Statistics (NBS) on June 13.
Investments in residential dwellings in China in January-May amounted to RMB 2.1043 trillion ($0.343 trillion), up 14.6 percent year on year, accounting for 68.5 percent of total real estate investments in the country during the given period.
In the January-May period, new commercial real estate sold in China covered a total area of 360.7 million m2, down 7.8 percent on year-on-year basis. The total area covered by new residential buildings sold in China in January-May was down 9.2 percent, the total area covered by new office buildings sold decreased by 5.8 percent, while the total area of new commercial business space sold during the given period was up 0.6 percent, all year on year.
