BEIJING, May 16 (Reuters) – China’s real estate investment fell at a faster pace, down 6.2% year-on-year in the first four months of 2023, up from a 5.8% decline in January March, official data showed on Tuesday.
Property sales per floor area fell 0.4% year-on-year in the first four months of the year, compared to a 1.8% decline in the first three months, according to data from the National Bureau of Statistics (NBS) .
The number of new builds measured by floor space fell by 21.2% in January-April compared to a year earlier, after a drop of 19.2% in the first three months.
Funds raised by Chinese property developers fell 6.4% year-on-year in the first four months, following a slump of 9.0% in January-March. (Reporting by Liangping Gao, Ella Cao and Ryan Woo; editing by Shri Navaratnam)
