Increase 10.9 pct seen in Chinese property investment in 1st 8 months
(MENAFN) On Wednesday, Sep. 14 figures from the National Bureau of Statistics (NBS) demonstrated that the Chinese investment in property development surged 10.9 percent year over year in the January-August period of 2021.
Compared to the 2019 level, property investment jumped 15.9 percent, bringing average January-August expansion for the past year and this year to 7.7 percent.
According to the NBS figures, investment in residential buildings added 13 percent year over year in the first eight months of the year.
Commercial housing sales climbed 15.9 percent year over year in terms of floor area to more than 1.14 billion square meters. Regarding value, commercial housing sales soared 22.8 percent.
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