Between January and October this year, total real estate investment in China was 7.3563 trillion yuan ($1.04 trillion), down 14.7% year-on-year, 0.8 percentage points faster than the decline recorded in the first nine months of this year, China's National Bureau of Statistics (NBS) announced. period, the total area of new commercial real estate sold in China was 719.82 million m2, down 6.8 percent from the previous year, 1.3 percentage points faster than in January-September this year.
The total area covered by construction activity in China during this period decreased by 9.4 percent year on year, consistent with the decline recorded in the previous year. first nine months of this year, while new area covered by construction activity fell by 19.8 percent year on year, 0.9 percentage points faster than the decline recorded between January and September this year.
The Real Estate Development Prosperity Index in October this year was 92.43, compared with 92.78 recorded in September.
