South China’s Hainan province saw its property sales area reach 10.38 million square meters in the first eleven months of this year, reflecting a robust growth of 27.9% year on year, according to the latest statistics released by the Hainan Statistics Bureau.
The growth rate was 4.4 percentage points higher than that in the first ten months.
Real estate developers in the province reaped a total of RMB 91.28 billion from property sales in the eleven month period, 40.3% more than in the same period of last year.
The province’s investment in property development rose 32.4% year on year to RMB 105.82 billion in the period, including an RMB 82.51 billion investment in the eastern areas.
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