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Housing projects investment up 28% in Jan-Sept period

(Xinhua)
Updated: 2008-10-21 17:05

China invested 1.551 trillion yuan ($227.1 billion) in housing construction projects in the first nine months of this year, a growth of 28.7 percent on the same period of last year, the National Bureau of Statistics said on Tuesday.

Special coverage: China Statistics Housing in China Related readings:  Govt should not rush in to aid housing market  Post-Olympic housing prices in Beijing to go up after adjustment  Construction: Housing market undergoes adjustment

Of the total, 63.8 billion yuan went to projects targeted at low-income earners, up 19.9 percent.

Around 2.404 billion square meters of housing were being built between January and September, up 20.3 percent. Property enterprises developed 179 million sq m of land for real estate development nationwide, down 1.6 percent.

By the end of September, unoccupied commercial properties totaled 130 million sq m nationwide, up 10.2 percent, the bureau added.