Property News · January 29, 2019

Hainan reassigns 20.7 million square metres of residential land for industrial use to fit Xi’s vision for province


The island of Hainan in southern China will reassign for industrial use huge swathes of land previously earmarked for residential development, in a move designed to end its reliance on property development as it builds the country’s largest free-trade zone.
Ding Shijiang, head of the province’s natural resources and Planning Department, said on Monday about 20.7 million square metres will now be considered for industrial uses, including the development of sectors such as tourism and…

Source : South China Morning Post
Read more…Hainan reassigns 20.7 million square metres of residential land for industrial use to fit Xi’s vision for province

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