BEIJING  – Property investment in China fell 9.9% in the first three months of 2025 from a year earlier, after dropping 9.8% in the January-February period, official data showed on Wednesday.

Property sales by floor area were down 3.0% in January-March from the previous year, versus a 5.1% contraction in the first two months.

New construction starts measured by floor area shrank 24.4%, after plunging 29.6% in January-February.

Funds raised by China’s property developers declined 3.7%, following a 3.6% drop in the first two months.

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