The Hainan Provincial Government on the 6th of the State Council Information Office press conference on the recent international tourist island of Hainan, the construction of the relevant issues are introduced and answering a reporter’s question. Hainan Governor Luo said at the press conference, Hainan is fully capable of control and orderly development of the real estate industry.
The State Council recently released “on promoting international tourism in Hainan Island, construction and development of a number of opinions”, the Hainan Island, the construction of the international tourism target as follows: initially completed by 2020, a world-class island resort. Prior to this, by the Hainan provincial government issued an international tourist island construction plan of the driven real estate construction in Hainan Province has gradually reached its climax. Analysts worried about a housing “bubble” to reproduce the shadow of Hainan.
January to November 2009, Hainan Province, home sales rose more than Qi Cheng, the province real estate investment totaled 24.856 billion yuan. Qionghai, Lingshui, Wenchang, Hainan and other second and third line of urban real estate investment more than 10 billion yuan, except Haikou, Sanya, the six cities and counties in an area of real estate sales more than 100,000 square meters.
In the meantime, housing prices in Hainan are also on the rise. In November 2009, prices rose 13% in Haikou, Sanya prices rose by 6.6%. More than a year ago, the financial crisis is already raging in November 2008, Haikou new housing rose nearly 10 percent, ranking the country fifth place, the chain ranks first in the country has shown not to be underestimated, “heat.”
Hainan’s real estate market against the trend, many analysts have raised concerns. The last century, 90 years, thousands of Hainan more than 50 million real estate companies and real estate speculators through the “Drumming Biography spend” approach to land and property speculation took turns, resulting in Hainan, a huge real estate “bubble”, then as the national macro-control policies tightening, the “bubble” finally burst.
“International tourist island do the focus is on the real estate can not be stable and sustained development.” China (Hainan) Reform and Development Research Institute Chi Fulin told Xinhua in an exclusive interview that “If the mad burst of real estate speculation and finally result in a new round of the real estate bubble, the international tourist island is being reduced, or even the pattern of failure. “
Zhejiang University, International Economics and Finance Investment Research Center, deputy director of the King is right to say, after the debt crisis occurred in Dubai, Dubai World is a large number of loans by the development of mega real estate projects, housing prices fell sharply after the financial-strand breaks caused. “Although the real estate in Hainan up with Dubai in all aspects there are many different, but as a warning lesson should bear in mind.”
According to the Hainan Provincial Government statistics show that nearly 60% of Haikou, Sanya, more than 80% of the commercial houses are purchased by buyers from outside the island, although many are subject to Hainan’s unique tropical environment to attract, but there are a considerable part of the form of loans in the form of investment in real estate. The risks should be vigilant.
The face of possible risks, Hainan Governor Luo Baoming said that Hainan is fully capable of control and orderly development of the real estate industry.
Luo 6-day conference on the disclosure, the Hainan property market “, as media reports did not come up too Name Xiong”: According to the National Bureau of Statistics, the average price Sanya far less than 11,000 yuan / square meter, in the 70 large and medium cities in the country ranked No. 8. Haikou, the average price of commercial housing no more than 6,000 yuan / square meter.
“Hainan’s price point is low, or easy to form a larger phenomenon.” Pong Group analyst, said Li Ming Xu.
On the other hand, the Hainan provincial government has been through land-use planning regulation and control of the land market. Luo said that Hainan’s real estate industry is now in accordance with the general planning requirements for local government and orderly development. “Land and Natural Resources to grant land for construction of Hainan is about 4-5 acres a year,” Luo Baoming believe that this figure is unlikely because the neighboring provinces of Guangdong and Guangxi in the figures were 60 mu and 20 mu .
Luo revealed that every year 4-5 million mu of construction land in Hainan, for use in real estate for nearly 30 percent, including the Hainan to resolve low-cost rooms, affordable housing, ordinary commercial housing and high-end commercial housing sites.
Chi Fulin pointed out that the State Council issued the “Opinions” on the guidance of the real estate industry is very clear, explicitly encourage and support suited to the real estate and tourism, such as strengthening property rights-style hotel development and construction, encouraging the development of family businesses, rental operations, strengthen the protection of housing and so on. “And the original ‘crazy speculation’ is not the same as big.” He stressed.
Chi Fulin said that the local government must keep strictly to the planning, at the same time engage in short-term behavior, not a one-time to a very high price of land speculation, the pursuit of short-term land revenue. “This will not arise in 1993 in Hainan as a bubble.”
Of the State Council promulgated the “Opinions” stressed the need to maintain a stable and healthy development of real estate, real estate development of scientific planning and the type, size and speed, encourage the development of Hainan’s rich features, high-quality star-rated hotels, resorts and other real estate projects. Steady development to meet the cold, such as the different needs of holiday resort-type residential real estate.
“We insist on the overall planning, adhere to an orderly supply of land, according to market demand and environmental carrying capacity of Hainan, is fully capable of control and orderly development of real estate in Hainan.” Luo said.
Source: Xinhua / reporters check NIU Qi-Wen Ye, Vivian Chow