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China's real estate index down 0.65 point in April

(Xinhua)
Updated: 2008-05-16 15:44

China's national real estate climate index was 104.07 in April, a decline of 0.65 point from March, the National Bureau of Statistics (NBS) said on Friday.

But the index rose 1.42 points from a year earlier, the bureau added.

The index for investment in property development was 104.28 in April, down 0.20 point from March but up 2.11 points from a year earlier.

Approximately 695.2 billion yuan ($99.3 billion) was pumped into real estate development nationwide in the first four months of this year, up 32.1 percent year-on-year.

Investment in housing construction increased by 35.2 percent to 494.4 billion yuan, including 18.6 billion yuan in low-income housing, up 24.7 percent.

The index for land development was 96.88 in April, down 1.23 points from March but up 0.90 point over the year-earlier level, the NBS said.

The January-April period saw 80.65 million square meters of land developed nationwide by the real estate sector, up 5.9 percent on the same period of last year.

The index for properties being built was 107.78, down 0.65 point from a month earlier but up 3.07 points from a year earlier.

Between January and April, 1.79 billion sq m of real estate was being constructed nationwide, up 25.4 percent year-on-year. The total included 1.41 billion sq m of housing projects, up 27.2 percent, and 64.28 million sq m of office buildings, up 7.7 percent.