China's property investment falls 12.9% y/y in January-August
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A man walks near a construction site for a residential development in Kai Tak, Hong Kong, China, May 6, 2025. REUTERS/Tyrone Siu/File Photo
BEIJING (Reuters) -Property investment in China fell 12.9% in the first eight months of the year from the same period last year, following a 12% drop in the January-to-July period, official data showed on Monday.
Property sales by floor area declined 4.7% year-on-year, compared with a 4.0% drop in the first seven months.
New construction starts measured by floor area slumped 19.5% on year, after contracting 19.4% in the January-to-July period.
Funds raised by China's property developers in the first eight months of the year were down 8.0%, versus a 7.5% decrease in the first seven months.
(Reporting by Liangping Gao, Yukun Zhang and Ryan Woo; Editing by Sam Holmes)
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