China’s 2021 property investment rises 4.4pct y/y

18-Jan-2022 Intellasia | Reuters | 5:02 AM Print This Post

China’s property investment rose 4.4 percent in 2021 from a year earlier, slowing from a 6.0 percent gain seen in the first 11 months of the year, official data showed on Monday.

Property sales by floor area increased1.9 percent year-on-year in 2021, slower than the 4.8 percent growth seen in January-November, the National Bureau of Statistics (NBS) said in a statement.

New construction starts measured by floor area fell 11.4 percent in 2021 from the same period a year earlier, compared with a 9.1 percent drop in the first 11 months of the year.

Funds raised by China’s property developers grew 4.2 percent from a year earlier, after increasing 7.2 percent in January-November.

https://www.reuters.com/markets/rates-bonds/chinas-2021-property-investment-rises-44-yy-2022-01-17/

 

Category: China

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