China's property investment falls 14.7% y/y in January-October

BEIJING, Nov 14 (Reuters) - Property investment in China fell 14.7% in the first 10 months after a 13.9% drop in the first three quarters from the same period last year, official data showed on Friday.

Property sales by floor area dropped 6.8% year-on-year, compared with a 5.5% decline in the first nine months.

New construction starts measured by floor area declined 19.8% year-on-year, after diving 18.9% in January-September.

Funds raised by property developers in the first 10 months were down 9.7%, versus an 8.4% drop in the first three quarters.