National Bureau of Statistics: From January to August, national real estate development investment was 6.0309 trillion yuan, a year-on-year decrease of 12.9%.

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From January to August, real estate development companies had a total construction area of 643.109 million square meters, a year-on-year decrease of 9.3%. Of this, the residential construction area was 448.46 million square meters, down 9.6%. The area of newly started housing projects was 39.801 million square meters, down 19.5%. Of this, the newly started residential area was 29.304 million square meters, down 18.3%. From January to August, the sales area of newly built commercial housing was 57.304 million square meters, a year-on-year decrease of 4.7%; among them, the sales area of residential properties decreased by 4.7%. The sales value of newly built commercial housing was 5.5015 trillion yuan, down 7.3%; of which the sales value of residential properties fell 7.0%.

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