China property investment growth slows to 8.9%, first two months this year
Policymakers will be on the lookout for a repeat of last year’s top-tier city property boom
China’s real estate investment growth slowed to 8.9% for January and February, compared with 11.1% in December alone, reports Reuters this week. The number compares with 6.9% for the full year of 2016. Property sales rose 25.1%, compared with 22.5% for 2016, which was the biggest annual rise in seven years. The property boom in top-tier cities last year prompted policy makers to implement buying and ownership restrictions, and any sign of the markets heating back up could bring more regulations.