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1st LD: China's property investment continues to cool

Xinhua, April 15, 2015 Adjust font size:

Investment in China's property sector rose 8.5 percent year on year to 1.67 trillion yuan (271 billion U.S. dollars) in the first three months of 2015, the National Bureau of Statistics announced Wednesday.

The figure dropped from the 10.4 percent-increase seen in Jan.-Feb.,suggesting continued weakness in the sector.

In Q1, investment in residential housing posted an increase of 5.9 percent from the same period last year to 1.12 trillion yuan.

New housing construction stood at 5.8 billion square meters in Q1, up 6.8 percent from a year earlier.

Sales of commercial housing fell 9.2 percent year on year to 182.5 million square meters in Q1. Endi