Property Investment in China

BEIJING (Reuters) – Property investment in China fell 10.4% in the first eleven months of 2024 compared to the same period last year, as reported by the National Bureau of Statistics (NBS) on Monday.

Property sales, measured by floor area, saw a decline of 14.3% from a year earlier, an improvement from a 15.8% drop noted in January-October.

New construction starts, also measured by floor area, decreased by 23.0% on a year-on-year basis, compared to a 22.6% drop in the first 10 months of the year.

Additionally, funds raised by China's property developers fell 18.0% from the previous year, following a 19.2% decrease observed in January-October.