According to the latest data of NBS, investment in real estate development added 19.3% yearly in Jan-August. Residential investment climbed 19.2% to RMB3.57 trillion, representing 68.6% of total investments.
Construction area of real estates increased 14.4% year-on-year to 5.856 billion square metres. Selling price of lands escalated 5.2% to RMB505 billion.
Sales area of commodity housing surged 23.4% yearly to 708 million square metres. Commodity housing sales soared 34.4% to RMB4.57 trillion.
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