China's property investment falls 12.9% y/y in January-August
China's property sector faces continued downturn. Investment witnessed a 12.9% drop in the initial eight months. This follows a 12% decrease earlier in the year. Property sales also declined by 4.7%. New construction starts slumped by 19.5%. Fundi...
By Reuters |
NYT News Service
Property investment in China fell 12.9% in the first eight months of the year from the same period last year, following a 12% drop in the January-to-July period, official data showed on Monday.
Property sales by floor area declined 4.7% year-on-year, compared with a 4.0% drop in the first seven months.
New construction starts measured by floor area slumped 19.5% on year, after contracting 19.4% in the January-to-July period.
Funds raised by China's property developers in the first eight months of the year were down 8.0%, versus a 7.5% decrease in the first seven months.
Property sales by floor area declined 4.7% year-on-year, compared with a 4.0% drop in the first seven months.
New construction starts measured by floor area slumped 19.5% on year, after contracting 19.4% in the January-to-July period.
Funds raised by China's property developers in the first eight months of the year were down 8.0%, versus a 7.5% decrease in the first seven months.
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