Real estate development in Xi'an maintains stable growth
en.xa.gov.cn     Updated: 2021-01-05

From January to October, the real estate development market's overall operation in Xi'an, capital of Northwest China's Shaanxi province, was stable, with slight growth in the rate of real estate development investment.

During the period, the city's real estate development investment came in at 208.46 billion yuan ($32.27 billion), a year-on-year increase of 3.5 percent, and the growth rate was 0.5 percentage points higher than that from January to September, and 6.9 percentage points higher than the same period last year.

In terms of investment types, office buildings and other investments grew at a higher rate, while residential investment declined at a narrower rate.

Investments in office buildings in the city reached 18.45 billion yuan, increasing 24 percent, while the residential investment was 143.17 billion yuan, a year-on-year decrease of 2.9 percent.

In the first 10 months of 2020, the city's commercial housing sales area amounted to 19.08 million square meters, a year-on-year decrease of 3.7 percent. The decrease rate was 1.7 percentage points higher than that from January to September and 1.4 percentage points higher than the same period last year'

As of the end of October, the total area of commercial housing for sale in the city was 1.73 million sq m, a decrease of 60,300 sq m from the end of September.