For the first time since December 2014, real estate investment contracted. Real estate investment fell 1.1% year-on-year in August, lowering the cumulative YTD growth figure to 3.5%. The bright spot remains sales, but the growth in sales is starting to decelerate.
Source:
2015年1-8月份全国房地产开发投资和销售情况
More charts after jump.
Real Estate Investment Growth Rate
Land purchases by developers (area)
New Home Sales By Area (yellow) and Yuan (blue)
Developer Capital
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