China’s reading glassesreal estate investment up 24.6% in Jan-Oct
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China’s real estate investment up 24.6% in Jan-OctPublished: 17 Nov 2008 02:15:04 PST

Nov. 17, 2008 (China Knowledge) — China’s total investment in the real estate sector rose 24.6% from a year earlier to RMB 2.3918 trillion in the first ten months, according to figures released by the National Bureau of Statistics (NBS).

The growth rate was 1.9 percentage points lower than that recorded in the Jan.-Sep. period this year.

Of the total, investment in commercial residential housing went up 27.4% year-on-year to RMB 1.7482 trillion, 1.3 percentage points lower compared with that in Jan.-Sep. period, accounting for 73.1% of the total investment in the real estate sector over the Jan.-Oct. period.

Earlier statistics from NBS showed China’s real estate climate index dropped 6.06 points from a year earlier to 99.68 in October, which was 1.47 points lower than the previous month.

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