New home sales increased 8.1% year on year to 3.9 trillion yuan in the first four months, official data shows.

The growth in sales value is 2.5 percentage points higher than the previous period, but the total area sold decreased 0.3% from a year ago to 420 million square meters.

Overall property development investment climbed 11.9% year on year to 3.4 trillion yuan during the period. Development investment in residential properties rose 16.8% and accounted for about 72.8% of all development.

During the first four months, such investment in eastern regions rose by 10.8% year on year, 8.7% in central China, 18.4% in western areas and 10.6% in the north eastern provinces.

Floor space of about 5 billion square meters was under construction for residential properties, up 10.4%, and new housing site area rose 13.1% to 585.5 million square meters.