National Bureau of Statistics: National real estate development investment reached 5.3364 trillion yuan in January-September, down 20.6% year-on-year

36Kr reports that according to the National Bureau of Statistics, national real estate development investment totaled 5.3364 trillion yuan from January to September, a 20.6% decline year-on-year (calculated on a comparable basis); among them, residential investment was 4.1125 trillion yuan, down 20.5%. From January to September, the sales area of newly built commercial housing was 564.83 million square meters, down 13.2% year-on-year; among them, the sales area of residential properties fell by 13.8%. The sales amount of newly built commercial housing was 5.3799 trillion yuan, down 13.9%; among them, the sales amount of residential properties dropped by 13.7%. According to data from the Ministry of Housing and Urban-Rural Development, from January to September, the area of second-hand home transactions with online signing reached 617.46 million square meters, up 10.7% year-on-year.