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About Living And Holidaying On Hainan Island, China:
Sometimes considered ‘China's Riviera' or the ‘Miami of
China', Hainan Island, and in particular Sanya, is the site of a booming
property market and a vastly ambitious lifestyle revolution for
Apartments for sale on Hainan Island.
Arriving in Sanya, the only thing as conspicuous as the balmy weather is
the island's booming property sector. Real estate ads dominate
billboards along the airport expressway, project flags flutter
throughout the city streets, and the faces of Chinese stars like Zhang
Ziyi and Fan Bingbing adorn commercial banners - the latest branding
experiment for developers.
Sales offices and showrooms are bustling with a steady stream of
visitors for Apartments for sale on Hainan Island, both domestic and foreign, while rows of brand new residential
buildings line the coast, their empty balconies belying sell-out
successes.
Despite strong sales and rapid development all along Hainan's east
coast, a startlingly peaceful atmosphere dominates the area, as many
properties are used only a few weeks out of the year.
As the island's market-led real estate develops and investor standards
pick up, the variety and quality of available products is quickly
following suit.
Resort-style projects dominate, and opportunities have drawn mainland
developers, experienced with large scale, urban, and mix-use projects
and adapt these to a tropical setting.
Hainan's unique climate and environment makes golf clubs and marinas a
desirable addition to high-end resort and leisure projects.
In spite of the substantial investment required to support such
facilities, almost all of the high-end projects located in the greater
Sanya area, have integrated both marinas and 5-star hotels into their
blueprints.
Alongside Hainan's laid-back island lifestyle, its beaches and ocean
views, a hugely ambitious lifestyle revolution is stirring - and with
the proper long-term planning in place, the tropical island may not need
Miami to refine its identity.
General Background
Hainan has a total
area of 33,920 square kilometers. The total
population stood at 8.54 million in 2008. Hainan
used to be a special administrative region of
Guangdong province, but was designated as a
province and a special economic zone (SEZ) in
1988.
Hainan island is rich in natural
resources. Its inland and offshore deposits of
oil and natural gas rank one of the highest in
China. Hainan has gas reserves of 99.6 billion
cubic meters in the main sea basins including
the Yingge Sea. Since 1996, Hainan has
provided gas to Hong Kong through a
770-kilometer pipeline, supplying 2.9 billion
cubic meters annually. Hainan is rich in certain
mineral resources. Its reserve of Titanium is
about 70% of the national total. It is also
China's major sea salt production base. The
Yinggehai Salt Field, one of the top salt fields
in China, is located in the province.
In its 11th Five Year
Programme (2006-2010), much emphasis will be put
on modernising agriculture and providing
ancillary infrastructure and assistance; and
developing the province into a recreational
tourist destination. Development of the natural
gas and petrochemical industries will also be
the focus.
Tourism
Hainan is keen on utilizing its
tropical tourism resources such as mangrove
forest, coral reefs, beaches, tropical cash crop
plantations and rainforest.
Sanya, a tropical beach resort
located in the south of the island, is
designated as one of China's 11 major tourist
and holiday resorts by the State Council.
Hainan also offers numerous tourist festivals
and celebrations. "The Hainan Coconut
International Festival" which is held annually
attracts thousands of overseas and domestic
visitors. Other cultural and recreational
activities included film festivals and
international golf contests. The Boao Forum for
Asia, modelled on the World Economic Forum, is
held every year in Boao of Hainan for Asian
leaders to discuss issues.
The local government strives to
turn Hainan into an international tourist
destination and has developed four resort areas:
Sanya Beach Holiday Development Zone
Total number of tourists
and receipts of tourism (2009)
|
|
2009 |
% change |
|
Number of domestic
tourist (million) |
19.6 |
10.8 |
|
Income generated (RMB bn) |
16.5 |
10.3 |
|
Number of overseas
tourist (thousand) |
979 |
- 5.5 |
|
Foreign exchange income
(US$ mn) |
390 |
4.4 |
Source: Statistical release 2009
Aviation is vital to Hainan as an
island. It has 2 international airports in
Haikou and Sanya. To facilitate tourism, the
Civil Aviation Administration of China has
agreed to open the 3rd, 4th
and 5th aviation freedoms in Hainan.
Hainan is the first place to enjoy such
treatment in China. As a result, it would be
easier for foreign airlines to establish a
presence and run international services.
Foreign Trade
Hong Kong was the leading export
market for Hainan. In 2008, Hainan exported
US$576 million (+36.1%) to Hong Kong. Other
major export markets included the US and Japan.
Major export items include minerals, natural
gas, food, beverages, textile materials and
products, transportation equipment.
Major import sources were the US,
Japan, Germany and France. Major imports
included steel, equipment and appliances and
electrical products etc.
Foreign Investment
Hong Kong is the biggest investor
in Hainan. Hainan is the ancestral homeland to
many SE Asians, and investments from these
ethnic Chinese represent an important part of
Hainan’s FDI. Other major investors were from
the uk, US, Taiwan and Singapore.
Foreign invested
projects mainly engaged in transportation and
telecommunication services, tourism, hotels,
Apartments for sales on Hainan Island and real
estate development, and energy. Haikou and Sanya
were the leading cities in Hainan to attract
foreign investment.
Consumer Market
In 2008, retail sales of consumer
goods in Hainan rose by 23.9% to RMB44.8
billion, and annual per capita disposal income
of urban households reached RMB12,608 (+14.6%).
Haikou and Sanya are the major consumer centres
in Hainan, accounting for 60% of the total
province’s retail sales of consumer goods.
Composition of Per Capita
Expenditure of Urban Household (%)
|
|
1995 |
2008 |
|
Food |
59.3 |
44.9 |
|
Clothing |
6.4 |
5.2 |
|
Medicine & medical
services |
2.6 |
5.7 |
|
Transport, post &
communications services |
3.0 |
13.9 |
|
Recreation, education and
cultural services |
10.0 |
9.9 |
|
Residence |
6.8 |
11.8 |
Source: Hainan Statistical
Yearbook 1998, 2009
With continued rises in income
and economic reforms, the consumer expenditure
pattern is also undergoing structural change.
With the share of food declined, expenditures on
services, in particular transport and
communications and housing have gained in
relative share.
A number of foreign supermarkets
such as Carrefour and Rt-mart from Taiwan have
emerged in Hainan. Naoguo Shopping (南國超市) is one
of the well-known local retailers.
Economic Indicators of
Major Cities (2008)
|
Cities |
Population
('000) |
GDP
(RMB bn) |
Per capita GDP (RMB) |
Gross Industrial Output*(RMB mn) |
Retail Sales
(RMB mn) |
|
Haikou 海口 |
1,558 |
45.7 |
29,601 |
30,532 |
23,475 |
|
Sanya 三亞 |
546 |
15.4 |
28,418 |
2,511 |
3,877 |
|
Wenchang 文昌 |
571 |
8.4 |
14,811 |
1,469 |
2,243 |
|
Qionghai 瓊海 |
482 |
7.6 |
|