BEIJING, Aug 16 (Reuters) – Real estate investment in China rose 12.7% in January-July from a year earlier, cooling from a 15% gain seen in the first six months, official data showed on Monday.
Property sales by floor area grew 21.5%, according to data from the National Bureau of Statistics, down from an on-year growth of a 27.7% in the first six months.
New construction starts measured by floor area declined 0.9%from a year earlier, versus 3.8% growth in the first six months of the year.
Funds raised by China’s property developers grew 18.2% in the same period, compared with a 23.5% gain in January-June. (Reporting by Liangping Gao and Ryan Woo; Editing by Sam Holmes)