China property investment up but market set to cool

Beijing

CHINA'S real estate investment growth quickened in October to its highest since April 2014, but analysts say stepped up measures to curb a red-hot housing market might ultimately hurt an economy that has only recently started to stabilise.

Property investment rose 13.4 per cent in October from a year earlier, compared with 7.8 per cent growth in September, according to Reuters calculations based on data issued by the National Bureau of Statistics (NBS) on Monday.