BEIJING : Property investment in China fell at a faster pace in January-May, dropping 7.2 per cent from the same period a year earlier, official data showed on Thursday, adding to concerns about the outlook for the world's second-biggest economy.
The figure compared with a 6.2 per cent annual decline in January-April.
Property sales by floor area declined 0.9 per cent, versus a 0.4 per cent fall in the first four months, according to data from the National Bureau of Statistics (NBS).
New construction starts measured by floor area fell 22.6 per cent, after a 21.2 per cent drop in the first four months.
Funds raised by China's property developers were down 6.6 per cent after a 6.4 per cent slide in January-April.