Southernmost Hainan Island has seen a surge in foreign direct investment on real estate in the first half year with 231 million yuan (35.82 million U.S. dollars), according to statistics released by the provincial statistics bureau.
Housing prices continue to rise driven by Hainan's ambition to build the island into an international tourism destination. The foreign direct investment on real estate within the first half year was seven times that of the figure in the same period last year.
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