The sales of commercial housing was decreased by 27.9%...
On September 16, data from the National Bureau of Statistics showed that from January to August, the sales area of commercial housing was 878.9 million square meters, down 23.0% year on year, among which the sales area of residential housing was down 26.8%. Sales of commercial housing fell 27.9% to 8,587 billion yuan, of which residential housing sales fell 30.3%.
At the end of August, the area of commercial housing for sale was 546.05 million square meters, grew at 8.0% compare with year. Among them, residential area for sale rose 15.1%.
Over the past decade, China has built more than 59 million units of government-subsidized housing and renovated and settled houses in run-down areas
The Publicity Department of the CPC Central Committee held a press conference on the theme of "China in This Decade" on the afternoon of September 14. Vice Minister of Housing and Urban-Rural Development Jiang Wanrong introduced the measures and results of high-quality development of housing and urban-rural development in the new era. Over the past ten years, China has invested 14.8 trillion yuan to build more than 59 million units of government-subsidized housing and housing for renovation and resettlement in rundown areas, and more than 140 million people are happy to live in peace. The housing supply scale continued to increase, with the total area of commercial housing sold totaling 13.234 billion square meters, 2.2 times that of the previous decade.
In 2021, the total output value of the construction industry reached 29.3 trillion yuan, 2.1 times that of 2012; Value added reached 8 trillion yuan, accounting for 7% of GDP; More than 50 million jobs have been created.
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