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Investment in China’s real-estate development totaled 4.80 trillion yuan in January-August, down 19.9% year over year on a comparable basis, the National Bureau of Statistics reported on 16 September. Residential development investment fell 19.7%.
Newly started building floor space declined 24.8%, and sales of newly built commercial buildings by floor area fell 12.1%. In contrast, floor space in online transactions of second-hand housing increased 10.6%. Funds available to property developers from January through August were down 21.0% year over year.