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Hainan to see new property projects
Source: Xinhua |
March 22, 2010, Monday
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Print Edition
Print Edition
SOUTH China's Hainan Province is to resume land leasing and real estate development approval in the near future, a senior provincial official said in Sanya on Saturday.
During the two months when approval for new property projects was suspended, Hainan issued regulations on land leasing and real estate transactions and made the market more transparent, curbing speculation in the housing market, said Jiang Sixian, its vice governor.
"Now we are making preparations to accept applications for land acquisition and to restart examining and approving new real estate projects," he said.
Jiang did not specify the date for the resumption.
The suspension policy was adopted on January 15 to contain soaring housing prices after the State Council, or Cabinet, approved a plan to build Hainan into an "international tourism island."
Prices kept rising during the suspension. In February, housing prices on average jumped 56 percent in provincial capital Haikou and major resort city Sanya, according to statistics from the National Bureau of Statistics.
"The government will focus on regulating land leasing and developing affordable apartments," Jiang said.
During the two months when approval for new property projects was suspended, Hainan issued regulations on land leasing and real estate transactions and made the market more transparent, curbing speculation in the housing market, said Jiang Sixian, its vice governor.
"Now we are making preparations to accept applications for land acquisition and to restart examining and approving new real estate projects," he said.
Jiang did not specify the date for the resumption.
The suspension policy was adopted on January 15 to contain soaring housing prices after the State Council, or Cabinet, approved a plan to build Hainan into an "international tourism island."
Prices kept rising during the suspension. In February, housing prices on average jumped 56 percent in provincial capital Haikou and major resort city Sanya, according to statistics from the National Bureau of Statistics.
"The government will focus on regulating land leasing and developing affordable apartments," Jiang said.
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