China real estate investment up in April despite curbs
Beijing
REAL estate investment in China rose in April from March although sales growth was significantly slower, suggesting investment in the sector remained robust even as intensified government controls to rein in the market began to take effect.
Growth in property investment, which mainly focuses on residential but also includes commercial and office space, accelerated to 9.6 per cent in April from a year earlier, compared to 9.4 per cent in March, according to Reuters calculations based on data from the National Bureau of Statistics.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Government probes ‘misleading’ and ‘unrealistic’ resale listings for S$2 million HDB flats
German commercial property prices drop 9.6% in Q1
Swedish home prices swell with buyers expecting rate cuts
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle