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China's property investment slides for 17th month in July

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BEIJING :China's property investment extended its fall for the 17th consecutive month in July, and home sales slumped, official data showed on Tuesday, as a deepening debt crisis weighs on the sector.Property investment fell 17.8 per cent year-on-year in July after slumping 20.6 per cent the prior month, ac

BEIJING :China's property investment extended its fall for the 17th consecutive month in July, and home sales slumped, official data showed on Tuesday, as a deepening debt crisis weighs on the sector.

The grim figures come as the country's largest private real estate developer Country Garden is seeking to delay payment on a private onshore bond for the first time, piling pressure on Beijing to step in. China's top leaders at a politburo meeting in July pledged to adjust property policies, fuelling speculation stimulus might be on the way.

 

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China's Jan-July property investment down 8.5% y/yBEIJING : Property investment in China fell 8.5 per cent in the first seven months from the same period a year earlier, after sliding 7.9 per cent in January-June, according to data from the National Bureau of Statistics (NBS) on Tuesday.Property sales by floor area in China declined 6.5 per cent in Janua
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