National Bureau of Statistics: From January to March, the national real estate development investment was 1.772 trillion yuan, a year-on-year decrease of 11.2%.

On April 16, the National Bureau of Statistics released data showing that from January to March, the national real estate development investment reached 1.772 trillion yuan, a year-on-year decrease of 11.2% (calculated on a comparable basis), with the decline expanding by 0.1 percentage points compared to January-February. Of this, residential investment amounted to 1.3531 trillion yuan, down 11.0%, with the decline expanding by 0.3 percentage points. From January to March, the construction area of buildings by real estate development enterprises nationwide was 5.41737 billion square meters, a decrease of 11.7% year-on-year. Among them, the construction area of residential buildings was 3.75465 billion square meters, down 12.1%. The newly started construction area of buildings was 1.0373 billion square meters, down 20.3%, with residential new construction area totaling 0.742 billion square meters, a decrease of 22.0%. The completed construction area of buildings was 0.9789 billion square meters, down 25.0%, of which residential completed construction area was 0.6983 billion square meters, down 26.5%. Source: National Bureau of Statistics website; GMTEight Editor: Chen Xiaoyi.