In the January-July period this year, total real estate investments in China amounted to RMB 4.4302 trillion ($724.3 billion), up 20.5 percent year on year, with this growth rate up 0.2 percentage points compared to the year-on-year increase rate recorded in January-June, as announced by China's National Bureau of Statistics on August 9.
Meanwhile, investment in residential dwellings in China in January-July this year amounted to RMB 3.0318 trillion ($495.67 billion), up 20.2 percent year on year, accounting for 68.4 percent of total real estate investments in the country during the given period.
In the January-July period this year, new commercial real estate sold in China covered a total area of 611.33 million m2, up 25.8 percent on year-on-year basis, which was down 2.9 percentage points compared to the growth rate in January-June. The total area covered by new residential buildings sold during January-July was up 27.1 percent, while the total area covered by new office buildings sold was up 27.9 percent, both year on year.
In the January-July period this year, the total sales value of new commercial real estate in China amounted to RMB 3.9549 trillion ($646.59 billion), up 37.8 percent on year-on-year basis, with a 39.9 percent rise in the value of new residential building sales and a 39.0 percent rise in the value of new office building sales, both year on year.