China’s property investment falls 15.9% y/y in January-November

BEIJING, Dec 15 (Reuters) – Property investment in China fell ‍15.9% year-on-year in the first 11 months, widening from the 14.7% drop in ‌the January-to-October period, ‌official data showed on Monday.

Property sales by floor area declined 7.8% year-on-year, ​after falling 6.8% in the ‍first 10 ​months.

New construction starts ​measured by floor ‍area dropped 20.5% year-on-year, compared with a 19.8% fall in January to October.

Funds ‍raised by property developers in the first 11 ‍months ‍were down ​11.9%, after a ​9.7% ⁠drop in the ‌first 10 months.

(Reporting by Liangping Gao, Yukun Zhang and Liz Lee; Editing by Jamie ⁠Freed)