China's property investment growth hits five-year high driven by smaller cities

BEIJING - China’s property investment accelerated in the first two months of the year driven by strong demand in its hinterland and defying a decline in sales, government curbs in bigger markets and a broader economic slowdown.

That marks the strongest growth for the January-February period since 2014, when it rose 19.3 percent. “The market has obviously become better this month,” said a senior executive from a top Chinese developer, who declined to be named because he is not authorized to speak to media. New construction starts measured by floor area were also much weaker, rising 6 percent in January-February from a year earlier compared with the 20.5 percent in December, according to Reuters calculations.

Really? People have been limited to perchuse the newly house in shanghai! There is a decrease in property market

Whatever happened to the brand new ghost city?

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