China, real estate investments growing in the first quarter of 2019

15/05/2019

 

The National Bureau of Statistics has confirmed that growth has settled at 11.9%

 

China’s real estate investments increased 11.9% on an annual basis in the first four months of 2019. This was confirmed by an official note released by the National Bureau of Statistics (NBS), which added that growth was faster than the 11.8% expansion recorded in the January-March period.

Total real estate investment in the first four months was 3.42 trillion yuan (about $ 498 billion), with 72.8% used in residential buildings.

 

From the beginning of 2019 Chinese manufacturers have built 7.23 billion square meters on the surface

 

In January-April 2019, investment in residential buildings increased by 16.8% year-on-year to 2.49 billion yuan, as reported by NBS. In the same period, Chinese manufacturers also built 7.23 billion square meters on the surface, with an increase of 8.8% on an annual basis.

Sales of commercial housing measured by area reached 420 million square meters in the first four months, down 0.3% year-on-year, with sales exceeding 3.9 trillion yuan, up 8.1% compared to the previous year.

 

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