China's property investment falls 15.9% y/y in January-November
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Residential buildings are seen along the Fourth Ring Road in Beijing, China July 16, 2018. REUTERS/Jason Lee/File Photo
BEIJING, Dec 15 (Reuters) - Property investment in China fell 15.9% year-on-year in the first 11 months, widening from the 14.7% drop in the January-to-October period, official data showed on Monday.
Property sales by floor area declined 7.8% year-on-year, after falling 6.8% in the first 10 months.
New construction starts measured by floor area dropped 20.5% year-on-year, compared with a 19.8% fall in January to October.
Funds raised by property developers in the first 11 months were down 11.9%, after a 9.7% drop in the first 10 months.
(Reporting by Liangping Gao, Yukun Zhang and Liz Lee; Editing by Jamie Freed)
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