China's Realty Development Investment Rose 10.6% to USD1 Trillion in Seven Months
Xu Wei
/SOURCE : yicai
China's Realty Development Investment Rose 10.6% to USD1 Trillion in Seven Months

(Yicai Global) Aug. 14 -- Chinese investment in real estate increased 10.6 percent to CNY7.28 trillion (USD1 trillion) from January to last month in growth 0.3 of a percentage point lower than that of the first half, per data from the country's National Bureau of Statistics.

Investment in residential development grew 15.1 percent annually to CNY5.35 trillion over the period.

The year's total housing sales floorage reached 8.88 trillion square meters at the end of last month, down 1.3 percent on the year. The value of transactions climbed 6.2 percent to CNY8.32 trillion.

The real estate prosperity index was 100.90 last month, down 0.01 of a point from June.
Editor: Ben Armour

Follow Yicai Global on