Date
20 October 2017

Developers slow growth in real estate investment, paper says

Growth in real estate development investment slowed to 19.2 percent year on year in the 10 months to October, 0.5 percentage points off the pace for the first nine months and the slowest this year, the Beijing Evening News reported Saturday, citing the National Bureau of Statistics. Investment for the 10 months rose to 6.87 trillion yuan (US$1.1218 trillion). Residential property attracted 4.72 trillion yuan, an increase of 18.9 percent and 68.7 percent of the total. In all, about 960 million square meters of commercial flats was sold, up by 21.8 percent year on year, 1.5 percentage point lower than that of the January-to-September period, the report said.

– Contact HKEJ at [email protected]

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