Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

 Search News  Or
China's property sales down 5.2% in Jan-Jun

Jul. 17, 2012 (China Knowledge) - The sales of properties developed by China's real estate companies decreased 5.2% YoY to RMB 2.33 trillion in the first six months of this year, narrowing from a 9.1% decline in the first five months, according to the latest statistics released by the National Bureau of Statistics (NBS).

The country's sales of residential properties declined 6.5% YoY to RMB 1.93 trillion during the six-month period, and sales of office properties fell 1.1% to RMB 103.9 billion. Sales of properties for commercial purpose rose 5.4% to RMB 255 billion.

Property sales in East China saw a decline of 7.2% YoY, hitting RMB 1.41 trillion. Property sales in Central China rose 1.1% YoY to RMB 438.8 billion, and sales in West China dropped 4.5% to RMB 479.7 billion.

Real estate developers in China sold 399.64 million square meters of properties during the period from January to June, down 10.0% compared with the corresponding period of 2011. 
The NBS said the country's investment in the property development saw a slower growth of 16.6% YoY to RMB 3.06 trillion in the first six months, of which RMB 2.09 trillion was for residential property development, 12.0% more than that in the same period of last year.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved