Total investment in China's real estate development was 1,391.7 billion yuan, up by 38.2% on-year for January to May 2010, according to China's National Bureau of Statistics.
It said on Wednesday, July 7 that of the total investment, commercial residential buildings attracted 964.3 billion yuan in investments which was a 35.7% on-year increase. It accounted for 69.3% of investment in real estate development.
In May, the completion of investment in real estate development was 398.5 billion yuan, increased 64.8 billion yuan and 19.4 percent over last month.
From January to May, the floor spaces under CONSTRUCTION [] of real estate development enterprises in the whole country stood at 2851 million square meters, up 30.5% on-year; the new started floor spaces of housing stood at 615 million square meters, up by 72.4% on-year; the floor spaces completed reached 192 million square meters, up 18.1% on-year. Of which, the floor spaces completed of residential buildings hit 153 million square meters, went up 14.8 percent year-on-year.
From January to May, the land space purchased of real estate development enterprises in the whole country reached 129.43 million square meters, up by 31.1% on-year; the total value of land purchased reached 293.1 billion yuan, up 89.7% on-year.
Written by Joseph Chin
The Edge Malaysia
No comments:
Post a Comment