China’s real estate investment increased by 15.4% for January-September, slightly down from 15.6% yoy for January-August.
Residential new housing start in terms of floor area was –12.9% yoy for January-September, down from –11.1% yoy for January-August. For September alone, residential housing start decreased by 28.07% yoy, down from +4.96% yoy in August.
Meanwhile, residential housing sales in terms of floor area was –4.3% yoy for January-September, up from –4.8% yoy for January-August. However, for September alone, sales in terms of area was –1.6% yoy, down from +13.3% yoy in August, reflecting the weak start of the peak season of September and October after some strong pick-up during the summer.
Source: National Bureau of Statistics
This article originally appeared here: China’s real estate investment slowed slightly in September
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