In the January-October period this year, total real estate investments in China amounted to RMB 6.8693 trillion ($1.13 billion), up 19.2 percent year on year, with this growth rate down 0.5 percentage points compared to the year-on-year increase rate recorded in January-September, as announced by China's National Bureau of Statistics.
Meanwhile, investment in residential dwellings in China in January-October this year amounted to RMB 4.7222 trillion ($0.78 billion), up18.9 percent year on year, accounting for 68.7 percent of total real estate investments in the country during the given period.
In the January-October period this year, new commercial real estate sold in China covered a total area of 959.31 million m2, up 21.8 percent on year-on-year basis, which was down 1.5 percentage points compared to the growth rate in January-September. The total area covered by new residential buildings sold in China during January-October was up 22.3 percent, the total area covered by new office buildings sold increased by 30.6 percent, while the total area of new commercial business space sold during the given period was up 11.2 percent, all year on year.
In the January-October period this year, the total sales value of new commercial real estate in China amounted to RMB 6.1238 trillion ($1.01 billion), up 32.3 percent on year-on-year basis, with a 32.6 percent rise in the value of new residential building sales, a 42.5 percent rise in the value of new office building sales, and a 23.0 percent rise in the sales value of new commercial business spaces, all year on year.
