Real estate investments in Hainan up 42.2% to RMB40.46b in H1
Investments in real estate developments in Hainan increased 42.2 percent year-on-year to 40.46 billion yuan in the first eight months, meeting 76.34 percent of the full year 2011 target, reports stcn.com.
Transaction area of residential homes dropped 7.4 percent year-on-year in the first eight months, with transaction value down 3.4 percent.
Taxation income from the property sector increased 9.2 percent year-on-year to 8.18 billion yuan, accounting for 40.9 percent of the province’s total tax revenue.
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