China's housing sales growth accelerated in December, with pockets of strength around the country even as volume dried up in the megacities.
Housing sales by value in December rose 21.2% from a year earlier, according to calculations made by The Wall Street Journal based on National Bureau of Statistics data released Thursday. That compared with a 12.4% gain in November.
For the full 2017, housing sales by value rose 11.3% from the year before, compared with 9.9% growth for the January through November period.
Property investment, including in commercial and residential real estate, rose 7% in 2017 from a year earlier to 11 trillion yuan ($1.7 trillion), compared with a 7.5% increase during the first 11 months of the year.
Construction starts increased 7% in 2017 from a year earlier at 1.8 billion square meters. That compared with 6.9% growth in the year through November.
Write to Dominique Fong at firstname.lastname@example.org
(END) Dow Jones Newswires
January 18, 2018 02:46 ET (07:46 GMT)