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Favorable Climate in Hainan Attracting Holiday Investors

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Favorable Climate in Hainan Attracting Holiday Investors CHINA DAILY Tuesday, February 7,2017 Focus | BUSINESS 15 Favorable climate in Hainan Tips on buying property By MA ZHIPING in Haikou meters away in the south, Hainan has 18 cities and counties, which As a “pearl” in the South China are usually divided into three Sea, Hainan is blessed with blue groups — the eastern, the middle attracting holiday investors waters, soft white sand, bright and the western part. sunshine and vibrant rainforests. The eastern part includes Hai­ It is attracting more tourists on kou, Wenchang, Qionghai, Wan­ More people from the holidays or to even buy homes of ning, Lingshui and Sanya, which their own. are favorite places for house buy­ mainland regions eye Here is an overview of the ers because of good infrastruc­ island for people planning to buy ture. The housing prices are homes in the tropical houses in the province. among the highest on the island. The middle part includes Anding, island province Nature’s bounty Tunchang, Qiongzhong, Wuz­ Hainan boasts 72 natural hishan, Baoding and Baisha. The By MA ZHIPING in Haikou reserves, which cover 2.67 million western part includes Chengmai, [email protected] hectares. As its forest coverage is Lingao, Danzhou, Changjiang, 55 percent — the highest in the Dongfang and Ledong. The open­ The real estate industry is expect­ country, it really is nature’s very ing of the high­speed railway ed to continue to grow in Hainan, own oxygen bar. The island has a encircling the island in late 2015 China’s only tropical province, as large number of hot springs that has driven up the local real estate more people look to buy holiday are said to have a curative effect. market remarkably but the prices homes in an area with a favorable The island grows more than are still very competitive com­ climate, said business insiders. 500 kinds of fruits and vegetables, pared with the eastern areas. Wang Lu, chairman of Haikou­ including lychees, durian, man­ based Jincheng Consultancy, a real goes and pineapples. Where to buy property? estate information provider, said: Haikou and Sanya are the top “Favorable climate and better trans­ Transport links choices if you have enough money. port links have prompted the more Hainan is connected to all Current average house prices hov­ affluent to take a second home or major cities on the mainland and er around 8,000 yuan ($1,170) per holiday home in Hainan.” more than 50 overseas routes con­ square meter in Haikou, while Data from the Hainan provincial necting roughly 20 countries and those in Sanya, which boasts the real estate bureau show that Hainan regions. The island greets visitors best tourist resources of Hainan, saw a stable 44 percent increase in with a large number of tourist are roughly 20,000 yuan. Choose house sales last year. Sales volumes Saleswomen promote a property at a housing fair in Haikou, Hainan province. XU ERSHENG / FOR CHINA DAILY resorts, star­rated hotels, golf Sanya, Baoting, Lingshui or Led­ in the period reached 129 billion resorts and theme parks that are ong, which are located south of the yuan ($18.82 billion), up 51.2 per­ but now most of the buyers are pur­ located in areas with charming 18 north latitude, if you just want a cent year­on­year. chasing homes for vacations or as a tropical landscapes. warm place to escape the cold The average price for commercial reservation for their retirement, for weather in the north. If you want a apartments was 20,695 yuan per their parents or their children,” said City life warm home that costs less, then go square meter in Sanya, a coastal Zhong. In addition to the Sansha to Wuzhishan, Lingao or Changji­ tourist attraction, in November, up “There is an increasing tendency Islands which are about 340 kilo­ ang. by 15.75 percent year­on­year. Trans­ that more mainlanders will fly actions reached 212,400 sq m, an south to enjoy holidays or escape impressive increase of 127 percent the extreme cold in winter,” said year­on­year, according to statistics Wang. from the Sanya realty management Data from his company show that authorities. except Haikou, about 90 percent of Wang said: “Sales of houses expe­ the houses and apartments in all the rienced a brisk growth in Hainan island’s other 17 cities and counties last year. Widespread smog in Phoenix Island project in Sanya, Hainan province. PROVIDED TO CHINA DAILY have been purchased by people out­ northern cities pushed up the sales side of the island. on the island.” Wang said: “Hainan has become a Consequently, investment in the Group, Dalian Wanda Group Co Ltd changing from focusing on short national holiday center, where island’s real estate sector also and R&F Properties Co Ltd. All of stays to longer vacation trips.” house prices are still low compared warmed up, with stable growth of them continued to pour money into Sunac turned to Hainan in late with prices in first­ and second­tier funds and decrease of stocks report­ the island in 2016,’’ said Wang. 2015 and now is engaged in six prop­ cities on the mainland.” ed. Zhong Liansheng, general man­ erty projects on the eastern coastal Li Gongmei, a middle­aged pro­ “Among the country’s top 20 lead­ ager of Sunac China Hainan Co Ltd, cities, which have attracted 78.9 per­ fessor from Baotou, Inner Mongolia ing property developers, 18 have said: “Investment in Hainan’s real cent of the real estate investment on autonomous region, said: “Many of invested in Hainan, such as Sunac estate sector is changing from short­ the island. my friends and I have bought apart­ Potential homebuyers visit a property project in Danzhou, a city in west­ China Holdings Ltd, Greenland term to long­term investment. Prop­ “People who bought houses in ments in Sanya because it has good ern Hainan province. People from other provinces on the mainland are now Group, Evergrande Real Estate erty in the tourist sector is also Hainan used to be pure investors air and a beautiful climate.” the major buyers of properties in the tropical island. PROVIDED TO CHINA DAILY.
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