Investment in Hainan real estate hits RMB50 billion in 1st half of 2013
According to the statistics bureau of Hainan province, investment in Hainan real estate reached 50.037 billion yuan in the first half of 2013 , a year-on-year increase of 29.2%, 3.7% higher than the increase of total investment in fixed assets.
Investment in other 19 industries increased by 23.1% on average compared with the same period last year, although the increase is 6.1% less than the increase of investment in real estate.
Investment in real estate accounted for 41.7% of the total investment in fixed assets in Hainan, a year-on-year increase of 1.2%, which was 5% more than that of 2010, but 1.3% less that of 2011.
According to statistics released, in the first half of 2013, Sanya accounted for around 30% of the total investment in real estate in Hainan, with investment of 13.595 billion yuan, which ranked first among cities and counties in Hainan province, followed by Haikou, Qionghai, Lingshui, and Wanning.
Sanya was the only city in Hainan where investment in its real estate was reported to be over 10 billion yuan.