(Yicai Global) Dec. 14 -- China's investment in real estate development totaled CNY10 trillion (USD1.5 trillion) in the 11 months through November, according to data that the National Bureau of Statistics released today.

Growth was 0.3 percentage point slower than the figure for the 10 months through October, hitting a new low for this year.

Investment in residential development grew 9.7 percent annually to CNY6.87 trillion over the 11-month period, climbing 0.2 point slower than the first 10 months and making up 68.4 percent of total development investment.

The year's total sales area for housing reached 14.66 trillion square meters at the end of November, up 7.9 percent on the year. The value of transactions rose 12.7 percent to CNY11.55 trillion.

Real estate firms purchased 2.22 trillion square meters of land over the 11-month period, 16.3 percent more than a year earlier. As of the end of November, the area of houses for sale was 5.96 trillion square meters, down 6.53 million square meters from the end of October.

The real estate prosperity index was 101.63 last month, up 0.14 point from October.