Sanya’s fixed asset investment hits RMB8.782b in Jan-April, 2011
According to relevant departments, Sanya’s fixed asset investment climbed 30.2% year on year to 8.782 billion yuan in the first 4 months of this year. Among them, investment in real estate industry and tourism industry exceeded more than 80% of total city’s fixed investment, reports 0898.net.
During the period, investment in the city’s property sector dropped to 58.8% to 4.359 billion yuan. Investment growth in the tourism industry still remains as a main driving force, with an increase of 77% to 2.68 billion yuan in the first 4 months.
At present, the local government is accelerating construction projects in Haitang Bay, with 2.26 billion yuan went into the investment, up 13% year on year.
Experts attributed the investment decline in the real estate to the house purchasing limits carried out since the beginning of this year.