China's property investment drops 10.6% in 2024, sales slump 12.9%
ReutersJan 17, 2025 2:00 AM
BEIJING, Jan 17 (Reuters) - Property investment in China fell 10.6% in 2024, after tumbling 10.4% year-on-year in the first eleven months, National Bureau of Statistics data showed on Friday.
Property sales by floor area dropped 12.9% last year, compared with a 14.3% decline in the January-November period.
New construction starts measured by floor area declined 23.0% in 2024, the same as the slide in the first eleven months.
Funds raised by China's property developers declined 17.0% last year from a year earlier after an 18.0% fall in January-November.
(Reporting by Yukun Zhang, Liangping Gao and Kevin Yao; Editing by Kim Coghill)
((gao.liangping@thomsonreuters.com))
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