Investment in real estate in Jan-Oct slows growth

Published: Nov 14, 2018 13:55

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In Jan-Oct, China's investment in real estate grew 9.7% from the same period in 2017 to stand at 9.93 trillion yuan

SHANGHAI, Nov 14 (SMM) – In the first ten months of the year, China's investment in real estate development grew 9.7% from the same period in 2017 to stand at 9.93 trillion yuan, showed data from the National Bureau of Statistics (NBS) on Wednesday November 14.

Growth stood 0.2 percentage point lower from the year-on-year growth in January-September.

In January-October, land area of commercial buildings sold stood at 1.331 billion m², up 2.2% year on year, 0.7 percentage point lower from January-September this year.

Sales revenue of commercial buildings registered 11.59 trillion yuan in January-October, up 12.5% year on year. But the growth fell 0.8 percentage point from January-September this year.

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