Real estate investment in China rose at the quickest clip in two years and growth in floor space sold sped up in the first two months of 2017, even as growth in total sales value decelerated.
Investment in real estate development for the January-February period rose 8.9 per cent compared to a year earlier, according to data from the National Bureau of Statistics. That’s a jump of 2 percentage points from December’s level and the highest growth reading since the same period in 2015.
That suggests domestic investors are once again eager to pump funds into property markets. The move tracks with the latest reading from the FTCR China Real Estate Index, which surged in February as the market bounced back from the lunar new year holiday and despite Beijing’s efforts to clamp down on speculative activity.