China’s real estate investment growth slowed to 8.9% for January and February, compared with 11.1% in December alone, reports Reuters this week. The number compares with 6.9% for the full year of 2016. Property sales rose 25.1%, compared with 22.5% for 2016, which was the biggest annual rise in seven years. The property boom in top-tier cities last year prompted policy makers to implement buying and ownership restrictions, and any sign of the markets heating back up could bring more regulations.
Residential buildings are seen in Beijing. Photo: Reuters/Jason Lee
China property investment growth slows to 8.9%, first two months this year
Policymakers will be on the lookout for a repeat of last year’s top-tier city property boom