China’s real estate sales in first two months of 2018 shows some rise and fall
Investment in Chinese real estate in the first two months of 2018 rose almost 10 per cent year-on-year, lifting annual growth to almost three per cent. Of total investment there was a rise of 12 per cent in residential building which accounted for 68 per cent of all real estate development investment.
In terms of region, cities along the east coast saw climbs of 12 per cent YoY; central China, by 13 per cent; the west, by 3.7 per cent. The northeast region declined 15 per cent. Land area purchased by real estate developers was down slightly.
February residential real estate prices showed signs of cooling as fewer cities reported rises. The National Bureau of Statistics revealed that the slowdown was most significant in the first- and second-tier cities.
Source: National Bureau of Statistics of China/ ITTO