China's property investment rises 6.0per cent y/y in Jan-Nov

BEIJING : China’s property investment rose 6.0per cent in January-November year-on-year, slowing from the 7.2per cent growth seen in the first 10 months of the year, official data showed on Wednesday.

Property sales by floor area increased 4.8per cent during January-November from the same period a year earlier, compared with a 7.3per cent gain in the first 10 months, the National Bureau of Statistics (NBS) said in a statement.

New construction starts measured by floor area fell 9.1per cent during January-November from a year earlier, compared with a decline of 7.7per cent in the first 10 months of the year.

Funds raised by China's property developers grew 7.2per cent year-on-year in the January-November period after increasing 8.8per cent in the first 10 months of the year.