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Commercial housing sales exceed 85 mln sq m in 2017

​By Zhang Junmian
​China.org.cn, 02 07, 2018
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The annual sales volume of commercial housing in Hunan Province reached 85.32 million square meters in 2017, up 5.5 percent year-on-year, according to statistics recently released by Hunan Provincial Bureau of Statistics.

Sale revenue of commercial properties increased by 18.9 percent to 44.7 million yuan.

Office spaces became the major player in the housing market, with its sales area and sales revenue growing by 47.8 percent and 50 percent.

The province's real estate development investment stood at 34.26 million yuan, a nominal growth of 15.9 percent. Of this total, 21.94 million yuan went to residential properties, accounting for more than 60 percent, up 17.3 percent from 2016.

12 of the province's 14 cities and prefectures, except for Loudi and Xiangxi, saw a growth in property development investment, with Changde, Xiangtan and Yongzhou taking the top three positions at a growth rate of 39.7 percent, 33.4 percent and 18.9 percent. 


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