24 May 2019

Property development investment up 19.5%, NBS says

Investment in property development rose 19.5 percent year on year to 7.74 trillion yuan (US$1.27 trillion) in the 11 months to November, the National Bureau of Statistics said in a statement on its website Tuesday. About 1.11 billion square meters of commercial property projects were sold, up 20.8 percent from a year ago. Sales revenue surged 30.7 percent to a combined 6.99 trillion yuan, the report said. Meanwhile, a gauge of business conditions in the real estate sector fell 0.5 point 96.38 points in November from the preceding month.

– Contact HKEJ at [email protected]



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