Housing price in Sanya ranks 5th among 100 Chinese cities in March
The survey collected data on housing prices in 100 Chinese cities in March. Statistics from the survey show that China’s housing prices had a 0.59% increase compared with the same period of last month, with the average house price standing at 8,363 yuan/sqm.
Among them, Shenzhen in Guangdong province tops of the list with an average price of 24,550 yuan/sqm, followed by Beijing, Shanghai and Hangzhou.
The average housing price in Sanya has risen to 19,153 yuan/sqm.
According to an industry insider, the property transaction volume in Sanya has declined due to the new rule that limits housing purchase and the housing prices are expected to continue declining in the second quarter of this year.