China’s real estate investment slowed further, property sales continued to slide
China’s real estate investment slowed further, property sales continued to slide

China’s real estate investment slowed further, property sales continued to slide

 

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China’s real estate investment fell 6.4% in the period of January – July from a year earlier to 7.95 trillion yuan, weakening further from 5.4% decline for the first six months of the year, according to the National Bureau of Statistics. Investment in residential properties declined by 5.8% on year in Jan – Jul to 6.02 trillion yuan.

China’s property sales by floor area slid by 23.1% year over year in January – July, with sales of residential properties sliding 27.1%. Property sales by value fell by 28.8% on year, with that for residential properties plunging 31.4%. Fundraising by property developers declined by 25.4% on year to 8.88 trillion yuan, showed the data.

New property construction starts, by floor area declined by 36.1% on year in Jan – Jul, while that for residential properties slid by 36.8%, showed the data. Property construction completions fell by 23.3% on year, with that for residential properties down 22.7%, showed the data.

Year-on-year growth of China’s real estate investment
China’s property sales by floor area (yellow line) and by value (blue line)
Year-on-year growth of Chinese property developers’ fundraising