According to the Hainan Statistic Bureau, real estate sales in the first three quarters reached 18.076 billion yuan, an increase of 2.0% over the same period of last year, reports xinhuanet.com.

 

The figures on the previous nine months showed a clear downward trend in its contribution to the provincial economic growth as a whole.

 

In the first three quarters, the total housing transaction turnover was 6,194,900 sqm, a 0.3% year on year increase, and the home sales declined by 0.4% to 55.78 billion yuan.

 

The growth rate of total sales of real estate in the first quarters stood by 2.0%, much lower than 32.3% of same period over last year.

 

This year, the province has issued a series of measures to curb the property market. With the strong performance of affordable housing projects and commercial property promotion, Hainan real estate industry has been going through a positively constructive change.

 
Translated by WOS Team
 
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