In March this year, total real estate investments in China amounted to RMB 1.5339 trillion ($0.25 trillion), up 16.8 percent year on year, with this growth rate down 2.5 percentage points compared to the year-on-year increase rate recorded in the January-February period of the current year, as announced by China's National Bureau of Statistics (NBS) on April 16.
Investments in residential dwellings in China in March amounted to RMB 1.053 trillion ($0.172 trillion), up 16.8 percent year on year, accounting for 68.7 percent of total real estate investments in the country during the given period.
In March, new commercial real estate sold in China covered a total area of 201.11 million m2, down 3.8 percent on year-on-year basis. The total area covered by new residential buildings sold in China in March was down 5.7 percent, the total area covered by new office buildings sold decreased by 6.7 percent, while the total area of new commercial business space sold during the given period was up 6.0 percent, all year on year.
In March, the total value of new commercial real estate sales in China amounted to RMB 1.3263 trillion ($0.216 trillion), down 5.2 percent on year-on-year basis, with a 7.7 percent decline in the value of new residential building sales, a 10.6 percent decline in the value of new office building sales, and a 7.9 percent rise in the value of new commercial business space sales, all year on year.
