China property investment falls 10.3% y/y in January-April
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FILE PHOTO: A general view of residential buildings in Hong Kong, China, November 8, 2024. REUTERS/Tyrone Siu/File Photo
BEIJING (Reuters) -Property investment in China fell 10.3% in the first four months of 2025 from a year earlier, following a drop of 9.9% in the first quarter, official data showed on Monday.
Property sales by floor area shrank 2.8% in January-April from the previous year, after declining 3.0% in the first three months.
New construction starts measured by floor area were down 23.8%, versus a 24.4% slump in January-March.
Funds raised by China's property developers fell 4.1%, following a 3.7% drop in the first quarter.
(Reporting by Beijing Newsroom; Editing by Shri Navaratnam and Tom Hogue)
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