Real Estate Investment reached 65.923 billion yuan in 1-5

(China Glass Network)

With the increasingly vigorous control policy on real estate like limit on loan, purchasing, price and even sales, real estate industry now shows apparent “subside”. According to data from Hainan Statistics Department, now the real estate investment and sales are both continuously reducing.

From 1-5 of 2017, total investment on real estate reached 65.923 billion yuan with a growth rate of 7.8% dropping by 2.6% compared with April. Among them, residential investment captured 9.5% with an estimated volume of 49.992 billion yuan, dropping by 5.2% at the same period of last month.

As Hainan’s publish of Notification to Limit Multiple Set Purchasing of Commercial Residence on April 14^th, 7 cities and counties like Haikou and Sanya began to implement vigorous purchasing limit one and after in May. Affected by the control policy launched by government, housing market started shrink. Total sale area during 1-5 got 10.87 million square meters increasing by 76.5% while the income was 128.363 billion yuan with a growth rate of 104.5%.