Hainan sees rapid growth in real estate development investment in Jan-July
During those seven months, Hainan received 89.839 billion yuan of investment in real estate development, a rise of 3.8 percent compared to the period from January to June and an increase of 4.7 percent year-on-year.
As of July, Hainan had received total real estate development investment of 16.338 billion yuan, up by 45.1 percent year-on-year, hitting the province’s fastest monthly growth record since 2014.
On a national scale, Hainan’s development investment growth is 20.2 percent higher than the average rate, ranking second in China and first in China’s eastern region.
From this January to July, real estate development investment in the eastern part of Hainan reached 74.72 billion yuan, up by 35.3 percent, with an increase of 40.7 percent compared to the first quarter of the year and an increase of 5.8 percent compared to quarter two. During the same period, the same numbers for Haikou and Sanya grew by 92.1 percent and 40.8 percent respectively.