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Guangdong sees narrowed decline in property sales in Jan-Apr

May. 16, 2012 (China Knowledge) - The sales area of properties developed by Guangdong real estate developers fell 13.9% year on year to 17 million square meters in the first four months of this year, according to the latest statistics released by the Guangdong Statistics Bureau.

The decline was 5.1 percentage points less than that in the first quarter.
Real estate developers reaped a total of RMB 134.13 billion from property sales in the period, 14.5% less than in the same period of 2011, after seeing a 22.9% drop in the first quarter.
The province's investment in property development grew 15.1% year on year to RMB 127.62 billion from January to April, slowing from a 23.9% increase in the first quarter.  The figure included RMB 94.83 billion investment in construction and installation, up 17.7% year on year.

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