China property investment falls 9.9% y/y in January-March
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FILE PHOTO: A man walks on a pedestrian bridge near residential buildings in Beijing, China October 17, 2024. REUTERS/Florence Lo/File photo
BEIJING (Reuters) - Property investment in China fell 9.9% in the first three months of 2025 from a year earlier, after dropping 9.8% in the January-February period, official data showed on Wednesday.
Property sales by floor area were down 3.0% in January-March from the previous year, versus a 5.1% contraction in the first two months.
New construction starts measured by floor area shrank 24.4%, after plunging 29.6% in January-February.
Funds raised by China's property developers declined 3.7%, following a 3.6% drop in the first two months.
(Reporting by Beijing Newsroom; Editing by Jacqueline Wong)
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