China property investment drops 20.6% in first nine months
Property investment in China fell 20.6% year-on-year during the first nine months of the year. Data from the January-August period shows a 19.9% annual decline in investment within the same sector.
Sales of property by floor area decreased by 13.2% over the nine-month timeframe. A 12.1% drop in floor area sales was recorded specifically during the first eight months.
New construction starts measured by floor area dived 24.9% as the industry faces cooling demand. The January-to-August period saw these construction starts tumble 24.8% compared to the previous year.
Property developers saw a 21.6% reduction in the funds they raised during the first nine months. Capital raised by developers fell 21.0% in the first eight months of the year.



































