Aerial photo taken on Feb. 17, 2020 shows buildings under construction in Nanguan District of Changchun City, northeast China's Jilin Province. (Xinhua/Zhang Nan)
BEIJING, Dec. 15 (Xinhua) -- China's investment in property development rose 6 percent year on year in the first 11 months of this year, data from the National Bureau of Statistics (NBS) showed Wednesday.
During the period, property investment stood at around 13.73 trillion yuan (about 2.15 trillion U.S. dollars), NBS data showed.
Compared with the same period in 2019, property investment climbed 13.2 percent, putting the two-year average at 6.4 percent, NBS data showed.
Investment in residential buildings went up 8.1 percent from a year earlier to 10.36 trillion yuan in the first 11 months.
During the same period, commercial housing sales gained 4.8 percent year on year in terms of floor area to over 1.58 billion square meters, putting the two-year average growth at 3.1 percent.
In terms of value, commercial housing sales went up 8.5 percent to 16.17 trillion yuan, the data showed.
China will support the property market to better cater to the reasonable demand of home buyers and adopt city-specific policies to boost the virtuous cycle and healthy development of the sector, according to the annual Central Economic Work Conference that concluded last week. Enditem
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