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China's property sales top US, UK

(chinadaily.com.cn)
Updated: 2009-08-25 11:56

China's commercial property sales have surpassed the total of the US and the UK in the first half of the year, according to a report by US consulting firm Real Capital Analytics Inc (RCA), the China Business News reported today.

Property sales in China reached $31.2 billion in the first half, according to RCA. During the same period, transactions in the US came to $16.2 billion while UK sales were $13.7 billion.

RCA's report also shows global commercial property sales fell to $116.4 billion in the first half of 2009, far below the $500 billion in the same period last year.