Mar 14 - Investment and Sales in Beijing’s Commercial Housing Fell in Jan-Feb

Source: Beijing Statistical Information Net, ChinaScope Financial (Data)

+       The latest data from the Beijing Municipal Bureau of Statistics show that in January and February, a total of CNY 18.76 billion was invested into real estate development, a 4.6% year-on-year decrease and the first decrease in the past three years.

+       Meanwhile, in January and February, commercial housing floor space sold in Beijing’s was 1.04 million square meters, decreasing 40.4% year-on-year.

In 2011, both the completed area and the sales area of Beijing’s property market decreased. Furthermore, the year-on-year growth rates hit new lows in January and February 2012.

In February the year-on-year growth in both real estate investment and newly started construction area was negative.

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