Jul. 25, 2012 (China Knowledge) - The sales area of properties developed by Beijing
's real estate developers experienced a faster growth of 11.9% YoY in the first half, reaching 6.21 million square meters, according to the latest statistics released by the Beijing
The sales area of residential properties grew 23.2% YoY to 4.79 million sq m, and that of office properties decreased 12.4% YoY to 647,000 sq m.
The sales area of commercial properties experienced a narrowed decline of 6.8% YoY, hitting 506,000 sq m in the first five months.
During the period from January to June, the city's investment in property development increased 4.7% from the corresponding period of 2011 to RMB 129.83 billion, including RMB 66.78 billion in investment in residential properties.
The city completed RMB 37.19 billion investment in government-supported housing projects, 33.4% more than that in the same period of last year.