Beijing home sales grow 50 pct in first 11 months

BEIJING, Dec. 12 (Xinhua) -- Sales of residential apartments in Beijing have grown over 50 percent in the January-November period, a sign of the market warming up despite government controls, official data has indicated.

According to a survey jointly conducted by the Beijing Bureau of Statistics and the National Bureau of Statistics, more than 11.79 million sq meters of residential housing were sold in Beijing in the first 11 months of 2012, up 52.7 percent year on year.

The figure does not cover subsidized housing, which is offered to low-income families to help them buffer the impact of high-flying home prices.

Property investment, which includes both residential and office housing, topped 290 billion yuan (46.4 billion U.S. dollars) in the Chinese capital from January to November, the survey shows.

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