21 June 2019

Beijing home sales down 0.2% in Jan-Nov, govt says

Home sales in Beijing declined 0.2 percent year on year to 11.76 million square meters in the 11 months to November, according to data posted on the municipal statistics bureau’s website late Thursday. Sales of office buildings during the period surged 40.8 percent to 2.7 million square meters. Overall sales of commercial properties were up 6.7 percent at 16.34 million square meters. The city’s investment in property development climbed 9 percent to 316.41 billion yuan (US$52.10 billion), the data showed.

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