Investment in Chinese real estate development in the first two months of 2018 increased almost 10% year-on-year which lifted annual growth to almost 3%.
Of the total investment there was a rise of 12% in residential building which accounted for 68% of all real estate development investment.
In terms of region, investment in eastern region rose 12% year-on-year, the central region by 13% ; western by 3.7%; northeastern declined 15%. In the first two months the land area purchased by real estate developers was down slightly year-on-year.
February residential real estate prices showed signs of cooling as fewer cities reported rises. The National Bureau of Statistics data shows the slowdown was most pronounced in first- and second-tier cities.
Chinese real estate investments grow by 10% in the first two months of 2018
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