How Tragedies Are The Property Prices In Hainan Now? The Salesmen Have Switched To A Clothing Store.

"What we sell is not reinforced concrete, but sunshine and beach life". The poetic blueprint depicted by Hainan real estate developers has attracted investors from all over the country. However, their "international tourism island life" does not look so beautiful. They should not only face the drop in volume and price of the property market, but also have no market price and not as high as expected.

"In July 2010, until now, no invoice has been given to the sales invoices, so far, no stamp duty and deed tax tickets have been found. The promise to act as a property agent has not come down yet. Even if the contract is signed online, it is unclear."

Ye Jian told the Beijing Morning Post reporter that developers had promised to give property certificates to owners in January of this year, and then pushed the date to October.

The delay in obtaining the property certificate has left more than 800 owners, including Ye Jian, always hanging on their minds and temporarily losing their trading qualifications.

Yesterday, the developer of Hainan Ji Hui Industrial Co., Ltd., Chen Hai, director of Fuhai garden project, told the Morning Post reporter that as the real estate project was co constructed with the cooperative units, the land had not been fully pferred to the company, and the real estate certificate still needs a period of time to run down. "After the Lantern Festival, the land certificate is changed to the company name, and the property certificate will be handed over to the owner in October."

Despite the promise of development, it is not enough to dispel.

As a professional renter, Ye Jian witnessed the ups and downs of Sanya's property market and witnessed the shadow of the "international tourism island" aura.

"Investors who are even worse than us also have outsiders who are not careful to purchase small property rights houses, and finally decide that small property rights houses have been demolished illegally, and these investors have lost everything."

Ye Jian told the morning paper reporter.

At the same time, Ye Jian and many investors will also face a sharp shrinkage in ROI.

Ye Jian bought a small apartment in early 2010 and appreciated 60% in ten days. However, after two years, the house price dropped by more than 30%. Not only that, however, the slump of the second-hand housing market also made these houses affordable.

In addition, the high vacancy rate has lowered the overall income of housing rental. Investors spent nearly 1 million 300 thousand yuan on the purchase of a 70 square meter apartment in Sanya for rent, but the rent situation is not optimistic. Except for the high season rent, the low rent and the vast majority of vacant time in the off-season make Mr. Wang's annual rental income not more than 25 thousand yuan, which means that the annual rental rate of return is not more than 2%.

Hainan's property market has gone from hot to sluggish.

In addition, the real estate developer's overall strategy has also changed. Chen, a project manager of a developer in Hainan, told the Morning Post reporter that the restriction had a great impact on the property market in Hainan, and the overall strategy of the company was adjusted. "We still have more than 4000 square meters of shops and residences, which will be used for overall rental and no longer sold."

The annual Spring Festival Golden Week is the peak of the Sanya property market. However, this situation has changed significantly this year.

"The sales of the Spring Festival this year is far less than in previous years."

Chen Hai, a project leader of a real estate company in Hainan, told the Morning Post reporter that in the past Spring Festival, a large number of wealthy people came from all over the country to rush to buy Sanya's houses.

After the craziness of the "international tourism island" in 2010, the Sanya property market has gradually dropped from its high level, and this fall is still continuing.

Official data show that Sanya's residential real estate prices in November 2011 were 22 thousand and 800 yuan / square meter, down 28% compared with a record 32 thousand yuan / square meter in December 2010.

Online contract data in December 2011 showed that the average contract price has dropped to 19 thousand and 200 yuan / square meter.