Jinwu Financial News | Domestic housing stocks generally fell. As of press release, Country Garden (02007) fell 3.45%, while China Overseas Hongyang Group (00081), Shimao Group (00813), R&F Real Estate (02777), and Longhu Group (00960) fell more than 2%.
According to data from the National Bureau of Statistics, in January-February, the country invested 1184.2 billion yuan in real estate development, a year-on-year decrease of 9.0%; of these, residential investment was 882.3 billion yuan, a decrease of 9.7%.
Recently, the National Bureau of Statistics announced changes in commercial residential sales prices in 70 large and medium-sized cities in February. Among the 70 large and medium-sized cities, the overall decline in commercial residential sales prices in all tier cities continued to narrow month-on-month and continued to decline year-on-year.