China's commercial property sales have surpassed the total of the US and the UK in the first half of the year, according to a report by US consulting firm Real Capital Analytics Inc (RCA), the China Business News reported today.
Property sales in China reached $31.2 billion in the first half, according to RCA. During the same period, transactions in the US came to $16.2 billion while UK sales were $13.7 billion.
RCA's report also shows global commercial property sales fell to $116.4 billion in the first half of 2009, far below the $500 billion in the same period last year.
