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<CN Home>CN 2M26 Real Estate Development Investment Sinks 11.1%; Sales of Newly Built Commercial Housing Slip 20.2%
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In 2M26, China's national real estate development investment amounted to RMB961.2 billion, a YoY decrease of 11.1%, with the downfall narrowing by 6.1 ppts compared to the entire previous year, according to the National Bureau of Statistics. Among this, residential investment was RMB728.2 billion, down 10.7%, with the decline narrowing by 5.6 ppts. In 2M26, the sales area of newly built commercial housing was 92.93 million square meters, a YoY decrease of 13.5%, with the decrease widening by 4.8 ppts compared to the entire previous year. Among these, the residential sales area sank by 15.9%. The sales amount of newly built commercial housing was RMB818.6 billion, down 20.2%, with the drop deepening by 7.6 ppts. Among these, the residential sales amount reduced by 21.8%. AASTOCKS Financial News Website: www.aastocks.com |
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