Hainan commercial property sees big deal in March
The Hainan property sector saw an obvious increase in large-scale deals last month, according to a local official real estate data website.
In March, the total number of commercial houses sold on the island exceeded 10,000, with weekly sales reaching over 2,000, making it the best month in housing sales.
The average housing sale in Sanya stood at 23,482 yuan per square meter, followed by Lingshui (over 20,000 yuan per sqm), Baoting (10,277 yuan per sqm), Haikou, Wenchang and Wanning.
In contrast with other large cities like Beijing and Shanghai, Hainan has not rolled out any more detailed rules aimed at cooling the property market following the central government's fresh regulatory plan revealed earlier this month despite the previous purchase limit policy.