The latest official data points to an accelerating rise in nationwide real estate development investment in China for the first seven months of 2018.
Figures released by China’s National Bureau of Statistics (NBS) indicate that nationwide real estate development investment saw a year-on-year increase of 10.2% for the period from January to July 2018, as compared to 9.7% for the first six months of the year.
China’s new housing construction area posted a YoY rise of 14.4% for the January-July period, as compared to 11.8% for the first six months of 2018.
The commercial housing sales area saw a YoY increase of 4.2% for January-July as compared to 3.3% for January-June, while the commercial housing sales amount posted a rise of 14.4%, as compared to 13.2% for January-June.
Paid-in funds of Chinese real estate developers saw an increase of 6.4% for the January-July period.
As of the end of July the area of commercial housing awaiting sale was 544.28 million square metres, as compared to 550.83 million square metres as of the end of June, and 589.23 million square metres as of the end of 2017.