In the first seven months of the current year, China invested RMB 1.772 trillion ($259.4 billion) in real estate development, marking a year-on-year growth of 11.6 percent. The growth rate in question was up 1.7 percentage points compared with that registered in the first six months of 2009, and was down 19.3 percentage points compared with the same period last year.
The housing area under construction in China in the January-July period totaled 2.507 billion square meters, a year-on-year increase of 12.5 percent, down 0.2 of a percentage point over the first six months. Meanwhile, in the same period the completed housing area reached 254 million square meters, up 24.7 percent year on year. The growth rate in question was up 2.4 percentage points compared with that recorded for the first six months of this year.
From January to July, the land area purchased by real estate development enterprises in China reached 163.09 million square meters, down 25.8 percent year on year.
In the January-July period, the real estate sales volume in China rose 37.1 percent from a year earlier to 417.55 million square meters, totaling a value of RMB 1.96 trillion ($287 billion), up 60.4 percent year on year.
In July, real estate prices in 70 medium and large cities in China grew 1.0 percent year on year, and climbed 0.9 percent from the June price levels.
In July, the national real estate development climate index was 98.01, up 1.46 percentage points month on month.