24 April 2019

Real estate investment up 19.7% in Jan-Sept, govt says

Investment in real estate in the nine months to September increased 19.7 percent year on year to 6.11 trillion yuan (US$1.00 trillion), 0.4 percentage point higher than the growth in the first eight months, according to data posted on the National Bureau of Statistics (NBS) website on Friday. Of the total amount, 4.20 trillion yuan, or 68.7 percent, was allocated for residential projects. Total area sold during the period rose 23.3 percent to 843.83 million square meters, the NBS data showed. Sales of homes increased 23.9 percent in volume while sales of offices climbed 32.8 percent. The September real estate climate index fell 0.04 point to 97.25 points.

– Contact HKEJ at [email protected]




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