In the January-February period this year, total real estate investments in China amounted to RMB 795.6 billion ($130 billion), up 19.3 percent year on year, with this growth rate down 0.5 percentage points compared to the year-on-year increase rate recorded in the full year of 2013, as announced by China's National Bureau of Statistics on March 13.
Meanwhile, investment in residential dwellings in China in January-February this year amounted to RMB 542.6 billion ($88.66 billion), up 18.4 percent year on year, accounting for 68.2 percent of total real estate investments in the country during the given period.
In the January-February period of the current year, new commercial real estate sold in China covered a total area of 104.66 million m2, down 0.1 percent on year-on-year basis. The total area covered by new residential buildings sold in China during January-February was down 1.2 percent, the total area covered by new office buildings sold decreased by 8.0 percent, while the total area of new commercial business space sold during the given period was up 8.4 percent, all year on year.
In the January-February period this year, the total sales value of new commercial real estate in China amounted to RMB 709 billion ($115.85 billion), down 3.7 percent on year-on-year basis, with a 5.0 percent decline in the value of new residential building sales, a 17.1 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.
