China's national real estate investment increased 36.5 percent year-on-year to 4.27 trillion yuan in the first 11 months, reports National Development and Reform Commission.
Real estate investment in eastern China grew 37.8 percent year-on-year to 2.49 trillion yuan in the first 11 months, while investment in central and western regions grew 33.1 percent and 36.6 percent year-on-year to 909.4 billion yuan and 869.6 billion yuan respectively in the first 11 months.
Total real estate investment in 30 provinces grew, lead by Fujian at 66.2 percent, Hainan at 64 percent, and Ningxia at 56.4 percent. However, the figure for Tibet plunged 45.9 percent during that interval.
Shares of China Vanke (000002) rose 0.72 percent to 8.39 yuan at 13:06 today.
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