You are here: Home > Steel News > Latest Steel News > China’s...

China’s real estate investment growth slows in Jan-Aug, new construction down 3.2%

Thursday, 16 September 2021 14:46:46 (GMT+3)   |   Shanghai
       

In the January-August period of the current year, total real estate investments in China amounted to RMB 9.806 trillion ($1.52 trillion), up 10.9 percent year on year, 1.8 percentage points slower than the rise recorded in the first seven months this year, indicating the slowdown in the real estate industry due to the central government’s measures to curb the rapid rises of housing prices, while up 15.9 percent compared to the same period of 2019, as announced by China's National Bureau of Statistics (NBS).

In the first eight months this year, new commercial real estate sold in China covered a total area of 1141.93 million m2, up 15.9 percent year on year, while rising by 12.1 percent compared to the increase recorded in the same period of 2019.

The total area covered by construction activity in China in the given period increased by 8.4 percent, down 0.6 percentage points compared to the rise recorded in the first seven months.

The new area covered by construction activity decreased by 3.2 percent year on year in the given period, 2.3 percentage points faster than the drop recorded in the first seven months this year. 


Similar articles

Investment in rebuilding villages in Chinese megacities to exceed RMB 1.0 trillion in 2023

26 Jul | Steel News

Jiangsu Province to complete infrastructure investments worth RMB 200 billion in 2023

11 Jan | Steel News

China continues to accelerate infrastructure construction

20 Sep | Steel News

Construction starts on 104 transportation projects in Hebei on March 2

04 Mar | Steel News

Renovation started on 55,600 old neighborhoods in China in 2021

26 Jan | Steel News

Hubei sets up railway development fund of RMB 100 billion

29 Nov | Steel News

China’s real estate sector growth slow visibly in Jan-Sept

19 Oct | Steel News

China’s new construction shifts to decline in January-July

17 Aug | Steel News

China’s real estate investments rise by 18.3 percent in Jan-May

18 Jun | Steel News

China’s real estate sales increase by 2.6% in 2020, investments up 7%

19 Jan | Steel News