In the January-August period this year, total real estate investments in China amounted to RMB 5.8975 trillion ($0.957 trillion), up 13.2 percent year on year, with this growth rate down 0.5 percentage points compared to the year-on-year increase rate recorded in the January-July period of the current year, as announced by China's National Bureau of Statistics (NBS) on September 13.
Investments in residential dwellings in China in the first eight months this year amounted to RMB 4.0159 trillion ($0.652 trillion), up 12.4 percent year on year, accounting for 68.1 percent of total real estate investments in the country during the given period.
In the January-August period, new commercial real estate sold in China covered a total area of 649.87 million m2, down 8.3 percent on year-on-year basis. The total area covered by new residential buildings sold in China in January-August was down 10.0 percent, the total area covered by new office buildings sold decreased by 8.9 percent, while the total area of new commercial business space sold during the given period was up 6.4 percent, all year on year.