(Yicai Global) Sept. 14 -- The National Bureau of Statistics of China (NBS) released nationwide real estate development, investment and sales inventory from January to August 2017.

By the end of August, the commodity house area for sale in China reached 623 million square meters, 11.44 million square meters less than that from January to end-July and down 10.3 percent compared with the areas for sale – 695 million square meters, by the end of last year, said the NBS.

From January to August, the investment in real estate development in China hit CNY6.95 trillion (USD1.06 trillion), up 7.9 percent year-on-year, which ties in with that from January to July. The investment in residential building amounted to CNY4.74 trillion, up 10.1 percent, with the growth rate increasing 0.1 percentage point from that from January to end-July. The ratio of investment in residential building to total real estate development investment was 68.3 percent.

The commodity house property sold from January to end-August was 985 million square meters, up 12.7 percent year-on-year. The growth rate dropped 1.3 percentage points from the month earlier. The residential building area sold increased 10.3 percent, with the office building area sold jumped 32.3 percent, while commercial house area sold rose 26.9 percent.