January 15, Hainan Provincial Party Secretary Wei Liucheng announced that during the “Hainan Island, the building of international tourism master plan” to obtain the prior permission of the State Development and Reform Commission, in order to prevent indiscriminate investments in real estate development in Hainan, Hainan will be suspended the land transfer, suspend the approval of new land development projects. This is an international tourist island of Hainan, the planning came out, Hainan for the first time rumors bubble to take substantive measures. A subsequent media reported that Hainan limit in making possible two months after the lifting of the ban. Hainan’s real estate prospects of more cloud cover around the fog.
In 1988, Hainanjianxing news triggered an “under one million people in Hainan,” where housing prices followed them into the mania. In 1992, the Hainan property market bubble burst, accounting for only 6% of the country’s population of Hainan, the backlog of commercial housing actually accounted for the country’s total backlog of 1 / 10. Today, it is try to avoid repeating that kind of disaster – an international tourist island of planning, it should be new opportunities in Hainan, should not be the reincarnation of another bubble. If it can be nipped in the bubble before the birth, Hainan will remain filled with dreams and hope.
Ye Tan (Financial columnist)
relay in Hainan will be the last bubble bar do
private capital in Wenzhou said the main direction of the real estate market is no longer in Hainan, Hangzhou.
Plenty of capital cities in case of cold, Hainan, and other entry, stir-fried period, all the real estate speculation frenzy nearing the finish line signal. Property investment has long cast with a short cast of two, a real estate investment, if it is long-term investment in the initial phase is intended to combat inflation and preserve the value and nature is optimistic about local economic development, and hold a call option of the local economy. For example, you invest big money in Wenzhou, a property, time in three years, which shows the three-year period, you are optimistic about the following two basic economic performance, first, private investment funds will continue to increase, and second, the local economy up growth in this way, your rental or investment property whether it is access to income.
Real estate is healthy and ultimately depends on local economic indicators, the proportion of rent, wages and other ordinary disposable income than if the disadvantages slipper of data has become important parameters. If, in coastal areas of the economy can not support the current high housing prices fall is the proper meaning of questions.
As the currency a slight contraction in the coastal areas suspicious investment returns for investors, indicating the actual situation of its economy than the prices reflected in the worse. People do not think the local economy, and capital can support a higher price than it is now. The backdrop of tourism in Hainan Island and the fall-out from the tax shopping has become a successor of this bubble in the last link. Hainan prices are not healthy, because the tourist island of Hainan, the planning of local economic growth is far from being a reality.
The situation than people. This year’s central “Document No. One” is still named “agricultural”, unlike in previous years, promoting urbanization will be the “three rural” work an important part. And promoting the city of his admirable, but in the current tax system, small towns, the lack of financial played pivotal role of the main taxes. To rely solely on the financial allocation of a higher level will obviously not be a long-term, with 10 major cities a few years ago to raise construction funds through the land, as in the construction of small cities and towns in the land is still an important source of income.
Hainan has become the symbol of China’s real estate bubble, in which a real estate boom in the real estate bubble will become the end of the land? If left unchecked, it was entirely possible.
Liu Qi Hui (Evening News)
Went to Hainan, only to find it has become a hot topic, with everyone I spoke of Hainan, are rather surprised at their crazy prices.
It is reported that more than 500 real estate land grab coming from the mainland, from Haikou to Sanya, nearly 600 km of golden coastline, invested billions of billions of tourism real estate projects abound. Sanya, a seaside is not only 112 acres of small plots, December 15 actually gained a lot of 15 million yuan per mu of the astronomical!
I do not have to participate in this round of speculation, and also has nothing to do with Pushing Hands, but I think that Hainan’s price is normal, it must be expensive.
First of all, Hainan is China the only normal people and from the tropical island, its tourism value and Hawaii, Bali par. In this highly scarcity of places to do real estate, must combine with leisure, the price necessarily targeting high-end market for the rich.
The last century, the early 90s, Hainan, once the real estate has been crazy, more than 20000 real estate speculation approval from bank loans, after the bubble burst, a recession, the banks formed more than 300 billion yuan of bad debts, leading to Hainan’s economy able to recover more than a decade . This time, the Hainan government recognition that they must think very clearly, in order to make a real stand up Hainan’s economy, which Sellers can not support a buyers mortgage from the bank.
What kind of person is anti-risk ability? The answer is very clear and it was rich! And what kind of methods to attract the wealthy people who can buy a house mortgage stopped at the threshold of? That is rapidly pushing up housing prices, just so the rich can afford it. In this way, banks almost no risk, not to destroy the financial order, without affecting people’s livelihood, how do you up with housing prices, the Government will only act as a normal market.
Thus we see that, Hainan buy a house, 95% are foreigners, 80% are one-time payment. Many real estate, drawings had just come out, there are no pre-sale permit, they began to be Feng Qiang. Such strong demand is undoubtedly rigid.
Obviously, this is in line with “scarcity value” of common sense. Developers are not actually selling the house, the house is the same across the country, why did you go to Hainan to buy? All the rich to buy, it really is the whole of China’s only tropical sea. Beach had a few, it is not expensive? What’s more, this time in China, the wealthy have been countless … …
The State Council announced its approval to the Hainan into a “international tourist island”, agreed to build with, like Hong Kong’s free trade zone, duty-free, visa-free, let freedom rights, to attract foreign financial industry to enter and test the water first time to approve the gaming industry, which is a Contrary to all expectations, and an unprecedented event in.
As long as the rapid development of Hainan, as long as China’s economy continues to move forward, as long as you insist on investment rather than excessive speculation, Hainan prices only allow practice to prove that it is not a bubble.
Source: Qianjiang Evening News
