In the first six months of the current year, China invested RMB 1.4505 trillion ($212.4 billion) in real estate development, marking a year-on-year growth of 9.9 percent. The growth rate in question was up 3.1 percentage points compared with that registered in the first five months of 2009, and was down 23.6 percentage points compared with the same period last year.
The housing area under construction in China in the January-June period totaled 2.397 billion square meters, a year-on-year increase of 12.7 percent, up 1.0 percentage point over the first five months. Meanwhile, in the same period the completed housing area reached 207 million square meters, up 22.3 percent year on year. The growth rate in question was down 0.3 of a percentage point compared with that recorded for the first five months of this year.
From January to June, the land area purchased by real estate development enterprises in China reached 136.44 million square meters, down 26.5 percent year on year; meanwhile, the developed land area totaled 110.10 million square meters, down 15.2 percent year on year.
In the January-June period, the real estate sales volume in China rose 31.7 percent from a year earlier to 341.09 million square meters.
In June, real estate prices in 70 medium and large cities in China grew 0.2 percent year on year, and climbed 0.8 percent from the May price levels.
In June, the national real estate development climate index was 96.55, up 0.61 of a percentage point month on month.