Home price in Sanya ranks 5th among 110 Chinese cities
Property prices in Sanya were ranked the 5th in the latest ranking released by a renowned property research institute on July 20, 2010.
Among the 110 selected Chinese cities, Hangzhou in Zhejiang province topped the list with an average price of 25,840yuan/square meter, followed by Beijing (22,310yuan/sqm) and Shanghai (19,168yuan/sqm).
The average home price in Sanya in Jan-June stood at 18,319 yuan/sqm.
According to the statistics, house prices maintained a rapid growth from January to June. The average prices of the top 20 cities exceeded 8,500 yuan / square meter.
Though the average housing prices in Sanya and Haikou in July had dropped compared to the peak period, they still increased by 16% and 11% respectively compared with those in January.