In the January-April this year, total real estate investments in China amounted to RMB 2.2322 trillion ($0.364 trillion), up 16.4 percent year on year, with this growth rate down 0.4 percentage points compared to the year-on-year increase rate recorded in the first quarter of the current year, as announced by China's National Bureau of Statistics (NBS) on May 13.
Investments in residential dwellings in China in January-April amounted to RMB 1.5299 trillion ($0.249 trillion), up 16.6 percent year on year, accounting for 68.5 percent of total real estate investments in the country during the given period.
In January-April this year, new commercial real estate sold in China covered a total area of 277.09 million m2, down 6.9 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period was down 8.6 percent, the total area covered by new office buildings sold decreased by 0.2 percent, while the total area of new commercial business space sold during the given period was up 3.4 percent, all year on year.
In the January-April period of the current year, the total value of new commercial real estate sales in China amounted to RMB 1.8307 trillion ($0.299 trillion), down 7.8 percent on year-on-year basis, with a 9.9 percent decline in the value of new residential building sales, a 10.2 percent decline in the value of new office building sales, and a 3.5 percent increase in the value of new commercial business space sales, all year on year.
