In the January-August period this year, total real estate investments in China amounted to RMB 6.0309 trillion ($0.85 trillion), down 12.9 percent year on year, 0.9 percentage points faster than the decline recorded in the first seven months this year, as announced by China's National Bureau of Statistics (NBS).
In the given period, new commercial real estate sold in China covered a total Area of 573.04 million. M2, which is 4.7 percent year-on-year, 0.7 percentage points faster than the decline recorded in January-July of this year.
The total area covered by construction activity in China during this period decreased by 9.3 percent year-on-year, 0.1 percentage point faster than the year-on-year recorded in the first seven months of this year, while the new area covered by construction activity decreased by 19.5 percent year-on-year, 0.1 percentage point The point is faster than the department registered in January this year.
The real estate development prosperity index in August of this year was 93.05, compared with 93.34 recorded in July.
