Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Econ> National Real Estate Development Investment Down 13.7% YoY in First Four Months, Misses Forecast of -11.5%
Recommend 9 Positive 11 Negative 10 |
||||
|
||||
|
The National Bureau of Statistics announced that in the first four months, National Real Estate Development Investment amounted to RMB2.4 trillion, down 13.7% YoY, compared with market expectations of a decline of 11.5%. Of which, residential investment reached RMB1.85 trillion, down 13.1%. In the first four months, the floor space of properties under construction by real estate developers fell 12.1% YoY. Of which, residential floor space under construction declined 12.5%. New housing starts decreased 22%, with residential new starts down 23.6%. Completed floor space dropped 24%, while residential completions fell 25.8%. In the first four months, sales floor area of newly built commercial properties decreased 10.2% YoY, with the decline narrowing by 0.2 ppts compared with January to March. Of which, residential sales floor area fell 12.2%. Sales value of newly built commercial properties amounted to RMB2.3 trillion, down 14.6%, with the decline narrowing by 2.1 ppts. Residential sales value decreased 15.7%. As of end-April, the inventory floor space of commercial properties for sale declined 0.5% YoY. Of which, floor space held for less than three years decreased 2.6%. In the first four months, funds in place for real estate developers totaled RMB2.67 trillion, down 18.4% YoY. Among which, domestic loans fell 25.9%; self-raised funds dropped 10.5%; deposits and advance receipts declined 17.6%; and individual mortgage loans decreased 31.7%. (jl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
