Between January and March this year, total real estate investment in China totaled 1.7720 trillion yuan ($258.3 billion), down 11.2% year on year, 0.1 percentage point faster than the decline recorded between January and February, China's National Bureau of Statistics (NBS) announced.
During the period The total area of new commercial real estate sold in China was 195.25 million m2, down 10.4% year on year, 3.1 percentage points slower than the decline recorded in the first two months.
In the first three months, the total area covered by construction activity in China fell by 11.7% year on year, while as new area covered by construction activity decreased by 20.3% year on year.
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