Revenue from residential property sales up 12.9%

Residential property sales revenues jumped 12.9 percent to 3.43 trillion yuan ($560 billion) during the first half of the year, helped by further market-easing policies.

According to data from the National Bureau of Statistics, June is the first month with positive growth in realty-related fiscal revenues since the beginning of this year.

Between January and June, a combined 502.64 million square meters of residential space was sold, 3.9 percent higher year-on-year, boosted especially by transactions in the second quarter, particularly June, which saw record sales levels.