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Home Business & Finance Stock Market

China’s property investment falls 10.4% y/y in Jan-Nov By Reuters todayheadline

December 16, 2024
in Stock Market
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© Reuters. FILE PHOTO: A worker stands on the scaffolding at a construction site against a backdrop of residential buildings in Huaian, Jiangsu province, China October 18, 2018. Picture taken October 18, 2018.  REUTERS/Stringer/File Photo
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BEIJING (Reuters) – Property investment in China fell 10.4% in the first eleven months of 2024 from a year earlier, after dropping 10.3% in January-October, National Bureau of Statistics (NBS) data showed on Monday.

Property sales by floor area in January-November fell 14.3% from a year earlier, versus a 15.8% drop in January-October.

New construction starts measured by floor area declined 23.0% on year, after a 22.6% drop in the first 10 months.

Funds raised by China’s property developers were down 18.0% from a year earlier after a 19.2% fall in January-October.

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