Sanya’s property market still hot despite house purchasing limits
Housing prices are still surging at a high level after the Sanya Government released the house purchasing limits policy on March 3rd aiming to curb speculation, reports 0898.net.
According to the policy, the scope for house purchasing limits are restricted to Sanya's Hedong District and Hexi District.
As for other areas beyond the restrictions, they are distributed closely around some tourism development districts, which have comparative advantages and many potential buyers are more interested in them.
At present, the sales of the Sanya property market is still getting a big boost.
“We have offered 409 sets of apartments during the 3rd-phase of the property project and only 70 sets left at present since January. The average house price starts from 36,000 yuan/sqm.” a salesperson working at Yalong Bay Princess Palace told a reporter.
Many property staff don’t worry about the impact of restriction rules on Sanya real estate since the property market has entered the off-season. Besides, companies will take appropriate measures to deal with it and the house prices will not drop too much.
Translated by WOS Team
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