BEIJING, May 17 Reuters Property investment in China in the first four months of 2024 fell 9.8 from a year earlier, after dropping 9.5 in the first quarter, indicating the sector is yet to bottom out despite a flurry of policy support.

Property sales by floor area in JanuaryApril logged a 20.2 slide from a year earlier, compared with a 19.4 fall in JanuaryMarch, National Bureau of Statistics NBS data showed on Friday.

New construction starts measured by floor area fell 24.6 yearonyear, after a 27.8 slump in the first three months.

Funds raised by China39;s property developers were down 24.9 yearonyear after a 26.0 slump in JanuaryMarch.

Reporting by Ella Cao, Liangping Gao and Ryan Woo; Editing by Christopher Cushing

Source Reuters