BEIJING, May 17 (Xinhua) -- China's investment in property development rose 21.6 percent year on year in the first four months of this year, data from the National Bureau of Statistics (NBS) showed Monday.
Compared with the 2019 level, property investment went up 17.6 percent during the January-April period, NBS data showed.
Investment in residential buildings gained 24.4 percent year on year in the first four months, according to the NBS.
Commercial housing sales surged 48.1 percent year on year in terms of floor area to 503.05 million square meters. In terms of value, commercial housing sales jumped 68.2 percent.
The property development climate index compiled by the NBS last month came in at 101.27 points.
China continued to see a generally stable housing market in April, with home prices in 70 major cities showing moderate month-on-month increases, separate NBS data showed Monday.
New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- rose 0.6 percent month on month in April, compared with a 0.4-percent increase registered in March.