Australia markets closed
  • ALL ORDS

    7,649.60
    -54.40 (-0.71%)
     
  • AUD/USD

    0.7354
    -0.0009 (-0.12%)
     
  • ASX 200

    7,379.30
    -52.10 (-0.70%)
     
  • OIL

    72.03
    +0.38 (+0.53%)
     
  • GOLD

    1,804.50
    +4.70 (+0.26%)
     
  • BTC-AUD

    54,079.55
    +3,366.18 (+6.64%)
     
  • CMC Crypto 200

    928.64
    +52.41 (+5.98%)
     

China's property investment rises 18.3% y/y in Jan-May

·1-min read

BEIJING, June 16 (Reuters) - Real estate investment in China rose 18.3% in the period from January to May over the corresponding period a year earlier, official data showed on Wednesday, cooling from grwoth of 21.6% seen in the first four months of the year.

Property sales by floor area increased 36.3% in the first five months, data from the National Bureau of Statistics showed, compared with annual growth of 48.1% in the first four months of the year.

New construction starts measured by floor area rose 6.9% from a year earlier, versus an increase of 12.8% in the first four months of the year.

Funds raised by China's property developers grew 29.9% on the year, down from growth of 35.2% in the first four months.

(Reporting by Colin Qian, Lusha Zhang and Ryan Woo; Editing by Clarence Fernandez)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting