Real estate investment

Premium Content

25 April 2008

Investment in China’s real estate sector hit CNY 1.46 trillion (US$ 183 billion) in the first 10 months of this year, a rise of +24.1% year-on-year, according to the latest statistics from the National Bureau of Statistics (NBS), reports Xinhua.

Investments in residential housing rose +28.4% year-on-year to CNY 1.03 trillion (US$ 131 billion), including CNY 46.8 billion (US$ 595 million) on “affordable houses”. However, by the end of October, about 122 million m2of new housing lay unoccupied, a year-on-year increase of +9.3%.

Latest News
Crane Institute of America appoints L.D. Stutes as GM
Stutes enters this newly created position with 37 years of experience.
Navigating new immigration policies in the construction industry
Joel Dandrea discusses what construction contractors need to know.
Link-Belt veteran William “Skeeter” Collins announces retirement
Collins, a cornerstone of Link-Belt Cranes’ sales team for over 50 years, will retire in February 2025