Real-Estate Investment in China Kept Sliding in First Half of Year
July 14 2022 - 10:32PM
Dow Jones News
Real-estate investment in China continued to decline in the
first half of the year, as property sector turmoil continued even
under Beijing's eased policies.
Property investment for the first half of the year dropped 5.4%
from a year earlier, accelerating from the 4.0% drop in the first
five months of the year, according to data released by the National
Bureau of Statistics on Friday.
Home sales by volume, a key indicator of demand, fell 31.8% from
a year earlier in the first six months of 2022. That compares with
the 34.5% decrease marked in the January to May period, signaling
an improvement, the data showed.
New construction starts measured by floor area dropped 34.4% in
the first half, widening from the 30.6% fall in the first five
months of the year
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
July 14, 2022 22:17 ET (02:17 GMT)
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