Property Investment in China Falls 10.4% -On-Year

17 Dec 2024 CW Team

Property investment in China fell 10.4per cent in the first eleven months of 2024 from a year earlier, after dropping 10.3per cent in January-October, National Bureau of Statistics (NBS) data showed on Monday. Property sales by floor area in January-November fell 14.3per cent from a year earlier, versus a 15.8per cent drop in January-October. New construction starts measured by floor area declined 23.0per cent on year, after a 22.6per cent drop in the first 10 months. Funds raised by China's property developers were down 18.0per cent from a year earlier after a 19.2per cent fall in January-October.

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Infrastructure Urban

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