China's Jan-May property investment falls 4.0% y/y, sales down 23.6% y/y
BEIJING, June 15 (Reuters) - China's property investment fell 4.0% from a year earlier in January-May, after a 2.7% decline in the first four months of the year, official data showed on Wednesday.
Property sales by floor area fell 23.6% year-on-year in the first five months, extending the 20.9% decline in January-April, according to data from the National Bureau of Statistics (NBS).
New construction starts measured by floor area plunged 30.6% in January-May from a year earlier, after a 26.3% fall in January-April.
Funds raised by China's property developers slumped 25.8% year-on-year in the first five months, compared with a 23.6% fall in the first four months. (Reporting by Liangping Gao, Kevin Yao and Ryan Woo; Editing by Tom Hogue)
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