BEIJING, May 18 (Reuters) – Property investment in China fell 13.7% in the first four months compared with the same period last year following an 11.2% drop in the first quarter, official data showed on Monday.
Property sales by floor area dropped 10.2% in the January-to-April period, after falling 10.4% in the first three months.
New construction starts measured by floor area logged a 22.0% fall after tumbling 20.3% in the first quarter.
Funds raised by Chinese property developers were down 18.4% compared with a 17.3% slide in January-March.
(Reporting by Yukun Zhang, Liangping Gao and Joe Cash; Editing by Jacqueline Wong)
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