News Column

Beijing H1 Commodity House Sales Area Down 34.8%

July 18, 2014



BEIJING, July 18, SinoCast -- Data by National Bureau of Statistics and Beijing Municipal Bureau of Statistics shows Beijing reaped real estate investment of CNY 151.78 billion in the first half of 2014, up 9.15 from a year ago. That in residential buildings rose 23.1% to CNY 76.84 billion. Construction area of commodity houses increased 8.2% to about 124.1 million square meters. That of commodity homes inched up 1.5% to about 63.58 million square meters. Sales area of commodity houses fell 34.8% to about 5.36 million square meters. That of commodity homes dropped 35.2% to about 3.89 million square meters.


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Source: Sinocast Construction & Real Estate Beat (China)


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