Portal of tourism

“Hainan property market is no bubble!” 1 27, Hainan Province, a number of land, housing construction and other officials accept the “China Times” reporter, agreed that the Hainan prices are not high, but the value has been underestimated before, the current priced by the market’s own decision, very reasonable.

Well-known International Business Strategist Cui Yuan Xing view that the Government announced that international tourism in the tourist season there are profound meaning behind the island of planning, and the “two pause”, but also soaring land prices push hands.

Policy misled?

Day on house prices skyrocketing, January 17, Hainan Government also announced that in order to prevent the influx of hot money grab, in the international tourist island of planning permission before the suspension of the land transfer is expected to ratify by the end of March can be reported.

But in the end result of the fact that “two pause” misled consumers, the formation of panic, exacerbated by soaring land prices and housing prices increase.

CUI Yuan-Star that a transfer of land to stop, but it can still be resold on the secondary market the land. The surface is to prevent speculation to prevent the bubble, but the final analysis, speculation or for the Government’s own land, and so on Hainan tourism planning has been granted, the land value higher, the Government can expect a larger land revenue.

Construction Bureau of Sanya City Secretary Li Honghai lived to tell, “China Times” reporter, two suspended intention was to temporarily squeezing out the bubble, and so, after the planning approval, to make better use of land resources. “Big consortium came in a lot of party decision-making is the right to housing prices attributed to ‘two suspended’ is unfair. 30000 currently on the market there are two sub-suites, how could shortage?”

“Hainan chaotic real estate market with little government supervision, house prices are high on the Government, it is deemed useful.” Cui Yuan Xing, told reporters.

Li Honghai said speculation land and real estate speculators are market behavior, and now also to do research, but also to find ways to develop measures to curb housing prices, but do not know how effective the government is just do the right, no results would be no way to .

Secretary for Land and Resources Bureau of Haikou City, Lin-yong, told this reporter that the sea is now selling the land price is 300 yuan / mu, the relatively very low price in other cities, this several years maintained an average of 100 hectares of land, but also to the market determine the amount of land supply.

“non-bubble, without control”

“Investment-off is its own funds and buy, but where’s the bubble?” Li Honghai that Sanya prices very reasonable or even been underestimated.

Li Honghai, said: “Sanya mortgage few months bank credit accounted for only a few percentage points, developers and home buyers own funds are sufficient, banks are worry to lend out money. Sanya land resources available to fewer and fewer , house prices are unlikely to fall, it will only increase. “

Lin Ming-Yong also told reporters that this wave of investment boom to be expected, Hainan current price is not high, because the original value of Hainan, not previously shown, are undervalued, and now is back to normal.

“It is because the low prices, and have people all over the country come to Hainan, Hainan’s environmental capacity is limited, however, too many people, it was not OK, the price is high, have the ability to afford.” Lin Ming-yong told reporters.

Li Honghai that the market bubble in 1992 was totally not comparable. “What facilities in Sanya in 1992, are not, nor was the cognitive, the people are poor, do not know how to enjoy, and now have money to buy a house on vacation.”

Lin Ming-Yong also believes that in 1992 developers are mortgage loans from banks or inter-company insiders to raise the money, but now developers are good financial structure. People who have the money to buy a house, all its own funds, but now there is industry support for real estate in Hainan, Hainan has the resources can not be copied.

“This is not afraid of investing too much, but was concerned about keep up with the actual demand, the supply of land each year, there will be a rate rise.” Lin was quoted as saying.

Hainan Provincial Party Committee Propaganda Department of a responsible person also told reporters that there is no bubble in housing prices in Hainan. January 27 afternoon, when reporters rushed to the Hainan Provincial Committee, where they are held “two sessions”, a Xinhua News Agency reporters Yu Huishi and De Daode news is that the leadership has reached a consensus, not regulation of prices by the market self-regulation .

Source: China Times / reporter Chen Xiaoying