In the January-July period of the current year, total real estate investments in China amounted to RMB 5.5361 trillion ($0.83 trillion), up 5.3 percent year on year, with this growth rate 0.8 percentage points lower than that recorded in the January-June period this year, as announced by China's National Bureau of Statistics (NBS).
Investments in residential dwellings in China in the January-July period this year amounted to RMB 3.6981 trillion ($0.56 trillion), rising by 4.5 percent year on year, accounting for 66.8 percent of total real estate investments in the country during the given period.
In the period in question, new commercial real estate sold in China covered a total area of 757.60 million m2, up 26.4 percent on year-on-year basis. The total area covered by new residential buildings sold in China in the given period increased by 26.7 percent, the total area covered by new office buildings sold rose by 41.3 percent, while the total area of new commercial business space sold during the given period was up 15.5 percent, all year on year.