China's real estate investment rises 12. 7% in July from a year earlier


BEIJING, Aug 16 - Real estate investment in China rose 12.7% in January-July from a year earlier, cooling off a 15% gain seen in the first six months, official data showed on Monday.

Property sales by floor area grew 21.5% according to data from the National Bureau of Statistics, down from an on-year growth of a 27.7% in the first six months.

New construction started measured by floor area declined 0.9% from a year earlier, against 3.8% growth in the first six months of the year.

Funds raised by China's property developers grew 18.2% in the same period, compared with a 23.5% gain in January-June.