China's Jan-Jul Real Estate Development Investment Falls 19.2% YoY, New Home Sales Down 13.1%

In the first seven months, sales of new commercial housing totaled 4.2718 trillion yuan, down 13.1%, with the decline narrowing by 0.5 percentage points. At the end of July, the floor space of commercial housing awaiting sale was 759.11 million square meters, down 0.8% year-on-year, with the decline narrowing by 0.1 percentage points. From January to July, funds available to real estate development enterprises amounted to 4.5748 trillion yuan, down 20.3% year-on-year.