Housing transaction volume in Sanya rises by 77% during Jan-July period
According to the Sanya Statistical Bureau, the housing transaction area in Sanya in the period between January and July reached 940,000 square meters, up 77% over the same period of last year, setting a new record in recent years.
In the past seven months, total investment in the city’s real estate reached 16.336 billion yuan, up 31% over the same period of last year. However, average house prices declined by 4% compared to the same period of last year.
In July alone, a total of 977 residential lots were sold in Sanya, with a total transaction area of 79,817.76 square meters, a rise of 42.84% over June.
In addition, Sanya ranked first amongst Hainan’s 18 cities and counties in home sales during the first half of 2013, according to the 2013 Hainan real estate market report released by the China Realty Research Center (CRRC) at the end of August.
SOURCE: WOS Team
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