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

China’s real estate sector sees further gradual improvement in Nov

Wednesday, 16 December 2020 14:48:31 (GMT+3)   |   Shanghai
       

In the January-November period this year, total real estate investments in China amounted to RMB 12.9492 trillion ($1.98 trillion), up 6.8 percent year on year, 0.5 percentage points higher than the rise recorded in the first ten months of the year, indicating a further improvement in the domestic real estate industry, as announced by China's National Bureau of Statistics (NBS).

Real estate sales rose by 1.3 percent year on year in the first 11 months of the year, reflecting better transaction activities in the real estate market. In the January-November period, new commercial real estate sold in China covered a total area of 1508.34 million m2, up 1.3 percent year on year, 1.3 percentage points higher than in the first ten months.

The total area covered by construction activity in China in the January-November period increased by 3.2 percent, up 0.2 percentage points compared to the increase recorded in the first ten months. Nevertheless, the decline in the new area covered by construction activity slowed down to 2.0 percent, from 2.6 percent in the first ten months of the year.


Similar articles

Average new house prices in 100 Chinese cities up 2.08% in October

01 Nov | Steel News

China's excavator sales expected to increase by 10 percent in Oct

25 Oct | Steel News

NBS: China's excavator output increases by 21.9 percent in Jan-Sept

22 Oct | Steel News

Average new house prices in 100 Chinese cities up 1.85% in September

09 Oct | Steel News

Fresh real estate stimuli in China result in huge surge in steel prices on last day before holiday

30 Sep | Steel News

NBS: China's excavator output increases by 16.7 percent in Jan-Aug

23 Sep | Steel News

China's excavator sales up 11.8 percent in August

09 Sep | Steel News

Average new house prices in 100 Chinese cities up 1.76% in August

03 Sep | Steel News

China to issue RMB 1.4 trillion for ‘white list’ real estate projects, boosting weak steel market

21 Aug | Steel News

China's excavator sales up 8.6 percent in July

07 Aug | Steel News