House sales increase 18 pct in China between January and October
House sales increased by 18 percent to $860 billion in the first ten months of this year according to the National Bureau of Statistics released report.
In October alone, housing sales rose 16.1 per cent from a year earlier, up from the 15.6 per cent rise in September, according to calculations by The Wall Street Journal.
The total investment in real estate development in the first ten months of 2015 was 7.880.1 billion yuan, a nominal increase of 2.0percent year-on-year, 0.6 percentage point lower over the first nine months.
Building starts across residential and commercial property fell 13.9 per cent to 1.27 billion square meters in the first ten months, compared to the 12.6 per cent decline recorded in the January to September period.
Nurullah KIRMACI /[email protected]