Economic news in January to November of 2017 - Real Estate Development Investment

Date:2017-12-27

The growth rate of real estate development investment fell slightly. From January to November, the nationwide investment in real estate development reached RMB 10.0387 trillion, with an increase of 7.5% over the same period of last year, at a growth speed of 0.3 percentage points that is lower than the period from January to October. Among it, the residential investment increased by 9.7%. Newly started housing area was 1.61679 billion square meters, increasing by 6.9% on a year-on-year basis, among which the newly started residential area increased by 10.8%. The sales area of commercial housing through the country was 1.46568 billion square meters, up 7.9% on a YOY basis, among which the sales area of residential housing increased by 5.4%. The sales of commercial housing over the country was RMB 11.5481 trillion, increasing by 12.7% over the same period of last year, among which the sales of residential housing was up 9.9%. The purchased land area of real estate development enterprises was 221.58 million square meters, 16.3% more than the same period of last year. By the end of November, the total area for sale of commercial housing through the country was 596.06 million square meters, decreasing 6.53 million square meters from the end of October. From January to November, the available fund of real estate development enterprises was RMB13.9489 trillion, with a year-on-year increase of 7.7%.

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