Investment in China's property sector jumped to 1.43 trillion yuan (US $189.9 billion) in the first eight months of the year, increasing by 29% on a year-on-year basis, according to the National Bureau of Statistics (NBS).

The area of vacant commercial buildings was down two percent from the same period last year. Development of land has increased 15.3 percent according to the NBS.

China's housing price hikes grew faster in August despite various government control measures.

Prices in 70 large and medium-sized cities were up 8.2 percent in August over the same month last year, or 0.7 percentage points higher than the July rate.

China