Description
China's Investment in Real Estate Development is calculated and published by the National Bureau of Statistics (NBS). This indicator measures the investment amount for housing construction projects, land development projects, public welfare buildings, and land acquisition costs over a certain period. A higher year-to-date cumulative growth rate (YTD Cumulative, YoY) indicates a more active real estate market and stronger economic growth, while a lower rate suggests a slowdown in the real estate market and weaker economic growth.
This data is typically released monthly, providing cumulative investment changes for the year.
Note: Real Estate Development Investment = Land Acquisition Costs (30%) + Construction Investment Costs (40%) + Other Costs (30%).