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China's Q1 property investment accelerates, defying curbs

But policymakers expect moderation from April following the latest cooling measures in March

Published Mon, Apr 17, 2017 · 09:50 PM
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Beijing

REAL estate investment in China remained robust in the first quarter from a year earlier, official data showed on Monday, as the pace of new construction quickened, despite intensified government cooling measures.

Growth in property investment, which includes residential, commercial and office spaces, accelerated to 9.1 per cent from 8.9 per cent in the first two months of 2017, the National Bureau of Statistics (NBS) said on Monday.

In March alone, property investment growth rose to 9.4 p…

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