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China's property investment fastest in three-years, land shortage supports values

Reuters  |  BEIJING 

By Yawen Chen and Elias GlennBEIJING (Reuters) - China posted its fastest property investment growth in three years in the first quarter, driven by a surge in land values and as developers grew more confident about the policy outlook, however, sales slowed as existing curbs hit transactions.Property investment grew 10.4 percent in January-March from the same period a year earlier, compared with a 9.9 percent rise in the first two months, data from the National Bureau of Statistics (NBS) showed on Tuesday. This matched the year-to-date growth seen in the January-February 2015 period, which was ...

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First Published: Tue, April 17 2018. 11:07 IST