Real estate investment likely to slow down

The growth of real estate investment in China is likely to decelerate in coming quarters despite robust growth in the first quarter, as policy tightening may eventually weigh on property sales and investment activities, analysts said on Monday.

Property investment rose 9.1 percent year-on-year in the first quarter of the year, the fastest growth rate since March 2015, data from the National Bureau of Statistics showed.

The robust growth showed that the property sector remains a crucial driver of the Chinese economy.