Home News International News Real estate investments in China rose by 10.4% in Q1 2018: NBS

    Real estate investments in China rose by 10.4% in Q1 2018: NBS

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    Real estate

    The pace of investment growth accelerated from 9.9 % in the first two months of 2018, the National Bureau of Statistics (NBS) said on Tuesday.

    It also marked a quickening from 9.1 percent in the first quarter of 2017, according to the NBS.

    New construction starts measured by floor area were up 9.7 percent in the first three months of the year, compared with a 2.9 percent rise in first two months, the NBS data showed.

    Property sales measured by floor area grew 3.6 percent in January-March from the same period a year earlier, down from 4.1 percent in the first two months of the year.

    Real estate, which directly affects 40 other business sectors in China, is considered a crucial driver of the economy, but is expected to moderate as the government aims to curb excessive funds flowing into property.

    Info- https://realty.economictimes.

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