BIZCHINA / Biz Media Digest |
Construction: Property developing investment surges 24.1%(Xinhua)Updated: 2006-11-20 14:54 China invests 1.46 trillion yuan (182.6 billion US dollars) in real estate development in the first 10 months, up 24.1 percent year on year, said the latest statistics of the National Bureau of Statistics (NBS). This growth is 0.2 percentage points lower than the growth of the first nine months, but up 2.5 percentage points over the same period of last year. Investments in commodity residential housing shot up 28.4 percent year on year to 1.03 trillion yuan, including 46.8 billion yuan economically affordable houses. In the end of October, about 122.41 million square meters of commodity housing were vacant, a year-on-year increase of 9.3 percent. The real estate climate index for October rebounds 0.26 points over September to 103.40 points after declines for two consecutive months.
(For more biz stories, please visit Industry Updates) |
|