Property News · April 28, 2018

Heavy hand chokes Hainan’s real estate, even as ‘China’s Hawaii’ woos visitors with visa-free entry


Hainan, China’s tropical island that has been chosen as a free-trade zone, saw sentiment toward its property market swing from hot to cold this past week after authorities closed the door for purchases by non-locals.
In a move that suggests zero tolerance for speculation, the provincial government has stipulated that non-locals cannot buy homes in Hainan unless they have paid into the local social security fund for 24 months. In cities like Haikou and Sanya, buyers must prove they have…

Source : South China Morning Post
Read more…Heavy hand chokes Hainan’s real estate, even as ‘China’s Hawaii’ woos visitors with visa-free entry

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