In the first half of this year, China's total investments in real estate development amounted to RMB 3.6828 trillion ($597 billion), up 20.3 percent year on year, with this growth rate down 0.3 percentage points compared to the increase rate recorded in January-May, as announced by China's National Bureau of Statistics.
Meanwhile, investment in residential dwellings in China in January-June amounted to RMB 2.5227 trillion ($409 billion), up 20.8 percent year on year, accounting for 68.5 percent of total real estate investments.
Additionally, in the January-June period this year new buildings (residential and office buildings) sold in China covered a total area of 514.33 million m2, up 28.7 percent on year-on-year basis, down 6.9 percentage points compared to the growth rate in January-May. The total area covered by new residential buildings sold during January-June was up 30.4 percent year on year, while the total area covered by new office buildings sold was up 31.7 percent year on year.In the first half of this year, the total sales value of new buildings in China amounted to RMB 3.3376 trillion ($541 billion), up 43.2 percent on year-on-year basis, with a 46.0 percent rise in the value of new residential building sales, and a 45.7 percent rise in the value of new office building sales, both year on year.