Hainan’s property sales areas up 27.8% to 11.91 million sqm in 2013
South China's Hainan province saw its property sales area reach 11.91 million square meters in 2013, reflecting a robust growth of 27.8% year on year, according to the latest statistics released by the Hainan Statistics Bureau.
Real estate developers in the province reaped a total of RMB 103.27 billion from property sales in the period, 40.4% more than in the 2012.
The province's investment in property development rose 31.0% year on year to RMB 81.45 billion in the period.
The real estate industry's value added output increased 19.2% to RMB 28.85 billion last year.
The province's fixed asset investment jumped 25.2% year on year to RMB 187.14 billion in the year.
SOURCE: China Knowledge
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