Property News · June 13, 2017

Haikou home sales fall on buying curbs to stem investments from northern Chinese


The Hainan government has imposed restrictions on home purchases in the province as droves of northern Chinese flock to buy homes in the island to escape the toxic smog in the winter.
Home prices in Haikou, the provincial capital of Hainan, have jumped over 50 per cent for many developments in the metropolitan area since the end of last year, increasing to over 18,000 yuan (US$2,648) per square metre from 11,000 yuan per sq m.
Chang Ping, a 27-year-old resident from Changchun, Jilin, said…

Source : South China Morning Post
Read more…Haikou home sales fall on buying curbs to stem investments from northern Chinese

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