Real Estate

Sales in Beijing's real-estate sector were valued at 18.59 billion yuan in 2003, an increase of 11.8 percent. This provided 8.4 percent of the total added value of the tertiary industry. Investments valued at 120.25 billion yuan were available for real estate development, 21.5 percent over 2002. Of the total, housing investment accounted for 63.3 billion yuan, up 7.9 percent over 2002. Housing sales for the year were worth 89.8 billion yuan, up 10.4 percent year-on-year.