
8 years, 11 months ago
China property investment grows 6.2% in Q1
China DailyPotential homebuyers examine a property project model in Nanjing, East China's Jiangsu province, Feb 28, 2016. BEIJING - Investment in China's property sector rose 6.2 percent year on year in the first quarter of 2016, data from the National Bureau of Statistics showed on Friday. In floor terms, property sales jumped 33.1 percent in the first three months, much higher than the 6.5-percent gain in 2015, the data showed. NBS figures also showed the land area purchased by property developers dropped 11.7 percent, much better than the 31.7-percent decline recorded in 2015. China's property sector has shown signs of improvement in the last three months, with home prices rising in big cities including Beijing, Shenzhen and Shanghai.
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