Contracted amount hits RMB200m at 5th Hainan Spring Real Estate Trade Fair
The 3-day 15th Hainan Spring Real Estate Trade Fair was concluded at Haikou International Convention & Exhibition Centre on May 2, 2011. The total transaction and booking volume of residential properties at the fair hit 182 sets, with the turnover reaching 200 million yuan, reports focus.cn.
The fair attracted more than 60 real estate developers across the whole island. Properties products from 42 second- and third-tier cities took up a large proportion at the fair.
Statistics from the fair showed that the average housing sale price stood at 4,000 yuan per sqm. The lowest housing sale price was 2,999 yuan per sqm, an obvious decline compared with 4,800 yuan per sqm at the beginning of 2011.
With the introduction of house purchasing limits in Sanya and Haikou, the transaction volume of residential properties in this fair has dropped 40% compared with last year.