China July property investment, sales slow as curbs continue to bite

Realopedia Global Real Estate Portal

    BEIJING (Reuters) - China's real estate investment growth slowed in July, as official curbs continued to cool an overheated property market, reinforcing expectations of further slowing in second-half 2017.

    New construction starts measured by floor area, a telling indicator of developers' confidence, contracted for the first time since last September, falling 7 percent in July from a year ago, compared to a 14 percent increase in June.

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Source : China July property investment, sales slow as curbs continue to bite