Figure 3
The vertical axis of the stacked vertical bar graph is labeled “Percentage of R E transactions” and ranges from 0 percent to 100 percent in increments of 10 percent. The horizontal axis displays the continuous yearly scale from 2007 to 2024. Each year shows one stacked bar divided into two sections. A legend at the bottom indicates that the sections represent “Development” and “Commercial”. The data from the graph is as follows: 2007: Development: 85 percent; Commercial: 15 percent. 2008: Development: 85 percent; Commercial: 15 percent. 2009: Development: 92 percent; Commercial: 8 percent. 2010: Development: 94 percent; Commercial: 6 percent. 2011: Development: 91 percent; Commercial: 8 percent. 2012: Development: 94 percent; Commercial: 6 percent. 2013: Development: 96 percent; Commercial: 4 percent. 2014: Development: 93 percent; Commercial: 7 percent. 2015: Development: 91 percent; Commercial: 9 percent. 2016: Development: 92 percent; Commercial: 8 percent. 2017: Development: 94 percent; Commercial: 6 percent. 2018: Development: 94 percent; Commercial: 6 percent. 2019: Development: 93 percent; Commercial: 7 percent. 2020: Development: 93 percent; Commercial: 7 percent. 2021: Development: 91 percent; Commercial: 9 percent. 2022: Development: 93 percent; Commercial: 7 percent. 2023: Development: 93 percent; Commercial: 7 percent. 2024: Development: 88 percent; Commercial: 12 percent. Note: All values are rounded off and approximated.China development site versus commercial RE transactions: %: 2007-Q3:2024. Source: Authors' compilation from MSCI/RCA (2024)