National Real Estate Development Investment Down 13.7% YoY in First Four Months, Misses Forecast of -11.5%
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National Real Estate Development Investment in China fell 13.7% YoY to RMB2.4 trillion in the first four months, missing the forecast of a 11.5% decline. Residential investment dropped 13.1%, with new housing starts down 22%. Sales value of newly built commercial properties decreased 14.6%, while funds for developers fell 18.4% YoY, indicating a significant downturn in the real estate sector.
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