[Ranking of Real Estate Development Investment Growth in 31 Provinces, Autonomous Regions, and Municipalities in H1]
In the first half of this year, the national real estate development investment amounted to 467 million yuan, representing a year-on-year (YoY) decrease of 11.2%. Its share in fixed asset investment further dropped to 18.8%, contributing 7% to GDP. Currently, the decline in real estate investment continues to expand.
In H1, 15 provinces (autonomous regions and municipalities) had real estate development investment exceeding 100 billion yuan. Among them, Zhejiang Province ranked first with 512.4 billion yuan, followed by Guangdong Province and Jiangsu Province with 497.5 billion yuan and 490 billion yuan respectively. These three major economic provinces accounted for over 30% of the national total real estate development investment. However, in terms of growth rate, all three provinces experienced a decline. Real estate development investment in Zhejiang decreased by 16.2% YoY, Guangdong by 16.3%, and Jiangsu by 16%. Among the 31 provinces, autonomous regions, and municipalities, only Shanghai, Tianjin, Hebei, Shaanxi, Guizhou, and Xinjiang achieved positive YoY growth in real estate development investment.