Home sales of Hainan’s 6 cities & counties double in Jan-Jul 2013
According to figures released by Hainan Statistics Bureau, the number of real estate projects with investment of over 5 million yuan reached 733 in Hainan by end of July, an increase of 98 compared to the same period last year.
60.218 billion yuan of investment in real estate has been completed in the province in the Jan-Jul period, up 34.6% year-on-year, 14.1% higher than the national average of 20.5%.
In July, Home prices in Haikou rose by 0.2% month-on-month and by 1% year-on-year. Home prices in Sanya rose by 0.3% month-on-month and by 2.8% year-on-year.
Home sales volumes of six cities and counties including Lingao, Baoting, Zhanzhou, Dongfang, Wuzhishan and Ledong doubled from January to July.
According to local real estate experts, Hainan's real estate market is expected to remain buoyant thanks to solid demand and the construction of the Hainan International Tourism Island.