Between January and September this year, total real estate investment in China was 6.7706 trillion yuan (US$0.95 trillion), down 13.9 percent from the previous year, 1.0 percentage point faster than the decline recorded in the first eight months of this year, China's National Bureau of Statistics announced (NBS).
During the period, new commercial properties sold in China covered a total area of 658.35 million m2, down 5.5 percent year-on-year, 0.8 percentage points faster than the decline recorded between January and August this year.
Total area covered by construction activities in China, contracted 9.4 percent year-on-year during the period, 0.1 percentage point faster than the year-on-year decline recorded in the first eight months of this year, while new construction area fell 18.9 percent year-on-year, 0.6 percentage point slower than the decline. recorded between January and August this year.
The Real Estate Wealth Index in September this year was 92.78 compared to 93.05 recorded in August.
