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Real-estate investment in China continued to decline in January to May, as developers’ liquidity was tight due to slow sales and with the government’s easing policies still taking time to revive the cooling property market.
Property investment for the first five months of the year declined 4.0% from a year earlier, accelerating from the 2.7% drop in January to April, according to data released by the National Bureau of Statistics on Wednesday.
Home sales by volume, a key indicator of demand, fell 34.5% on year in the first five months of 2022. This compared with a 32.2% decrease during January to April, the data showed.
New construction starts measured by floor area dropped 30.6% during January to May, widening from the 26.3% fall in the first four months of the year.
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