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WEATHER IN SANYA AND OTHER CITIES OF HAINAN ISLAND- THE DETAILED MAP: http://hainanwel.com/en/hainan-news/1633-meteorological-data.html

02/28/2011 In Hainan Province will be prohibited to buy more than two apartments

 

At a press conference of representatives of the Hainan Province Government it was reported, that on the end of March 2011 is expected to introduce the new rules for registration of real estate in cities of Hainan Province, according to which, the registration will be banned for more than two apartments on one person. On January 26, 2011 the State Council of China has approved a package of measures, aimed at strict regulation of the real estate market in the PRC. New rules of real estate registration in urban areas in Hainan Province will be developed in accordance with Resolution of Government of China on 26 January 2011, aimed at limiting the growth in property prices in the cities of China. In accordance with the Resolution of the State Council, since the end of February 2011 in Beijing was prohibited to buy more than two apartments to one person. Such restrictive measures should significantly reduce the number of speculative transactions, which lead to rapid growth in property prices in China. Besides, would increase the size of down payment for buyers of apartments or houses already owning a property, will also be changed and the system of taxation, in order to minimize the possibility of cashing in on rising prices on Hainan real estate market. For more news about Real Estate market of Hainan Province click here: http://hainanwel.com/en/hainan-realestate-market.html


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