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Property investment in West China up 23% in Jan-Apr

May. 31, 2012 (China Knowledge) - The investments in property development in the western region of China jumped 23% YoY to RMB 279.3 billion in the first four months of this year, according to the latest statistics released by the National Development and Reform Commission.

The growth rate was 14.7 percentage points lower than that in the same period of last year and 7.5 percentage point lower than that in the first three months.

On YoY basis, ten provinces, municipalities and autonomous regions in Western China saw increases in property investment. Guizhou Province saw the highest growth of 64.5%, followed by Qinghai Province with a 58.6% increase.

Four provinces experienced faster growth, with Qinghai Province and the Ningxia Hui Autonomous Region accelerating by 23.5 percentage points and 23 percentage points, respectively.

Six provinces recorded slower increases, with the Xinjiang Uygur Autonomous Region and Guizhou Province decelerating by 47.9 percentage points and 32.1 percentage points, respectively.

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