China's Realty Development Investment Rose 10.2% in 11 Months, Statistics Agency Reports
Xu Wei
DATE:  Dec 16 2019
/ SOURCE:  yicai
China's Realty Development Investment Rose 10.2% in 11 Months, Statistics Agency Reports China's Realty Development Investment Rose 10.2% in 11 Months, Statistics Agency Reports

(Yicai Global) Dec. 16 -- Chinese investment in real estate swelled 10.2 percent to CNY12.13 trillion (USD172 billion) from January to last month in growth 0.1 of a percentage point lower than in the first 10 months, per data from the country's National Bureau of Statistics.

Investment in residential development grew 14.4 percent annually to CNY8.92 trillion over the period.

The year's total housing sales floorage reached 14.89 trillion square meters at the end of last month, up 0.2 percent on the year.

The real estate prosperity index was 101.16 last month, up 0.02 of a point from June.

Editor: Ben Armour

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