Realty growth sinks to single-digit level

Housing sales remain soft despite several policy easing measures announced by government

First-quarter investment in the real estate industry plunged to the lowest point in nearly six years, according to data released by the National Bureau of Statistics on Wednesday.

Investment in the property sector, a pillar of China's fixed-asset investment, expanded by 8.5 percent year-on-year, dipping from 10.4 percent in the first two months.