7 Chinese cities that still restrict home buying
Updated: 2014-09-18 13:22
(chinadaily.com.cn)
No 6 Sanya
Sanya in South China's Hainan province imposed home buying restrictions in 2011.
Before that, major buyers in this coastal city, which has a pleasant tropical climate, were non-locals.
In the first half year, a total of 8,710 residential apartments were traded in Sanya, down by 17.85 percent year-on-year. The average price of these apartments was 23,800 yuan per square meter, still up by 3.71 percent year-on-year, according to focus. cn, a real estate information provider.
Rumor has it that non-locals who can pay the full price in cash can buy apartments in districts where home buying restrictions are still in place.
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Cruise ship, Coconut Princess, leaves the port of Sanya for Xisha Islandsin South China's island of Hainan province, Sept 2, 2014. [Photo/Xinhua] |
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