China’s property investment slump in Nov. ’24

China’s property investment continued its downward trend in the first eleven months of 2024, falling 10.4 per cent year-on-year, according to data released by the National Bureau of Statistics (NBS) on Monday.

Property sales, measured by floor area, declined 14.3 per cent year-on-year in the first eleven months, a less severe drop compared to the 15.8 per cent decline in the previous ten months.

Attribution: The National Bureau of Statistics report

Subediting: M. S. Salama