China's Q1 property investment growth at lowest since 2009
It slows to 8.5% as developers focused on clearing excess inventory
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Hong Kong
GROWTH in China's real estate investment in the first quarter slowed to the lowest rate since 2009 as developers focused on clearing excess inventory, while a series of government support measures braked the rate of decline in property sales.
While home sales are expected to climb in the coming months helped by government support, economists and analysts said falling property investment will continue to weigh on the economy.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
