Properties booming in city of Sanya
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Sanya, a beautiful coastal city on Hainan Island, is one of the most popular travel destinations in China especially during winter months.
Local properties are also attracting more and more investors. The average housing price in Sanya has maintained a 20 percent growth rate since 2006, when the market started to rebound.
Available data show the volume of property sales per month at over 1,200 in the first nine months of this year. Total floor space sold, and the number of the units moved, increased 20 percent over the same period, as compared to 2008.
In September, the city's average housing price surpassed 10,000 yuan per square meter. Meanwhile, property investment in Sanya rose 29 percent, to 7.3 billion yuan, year on year.
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