Haikou Intends To Take The Lead In Halting The Purchase Order &Nbsp Of The Property Market.

As report goes,

In April 20th, mayor Ji Wenlin of Haikou said at the seventy-fifth executive meeting of the Haikou municipal government that we should make full use of the preferential policies granted by the State Council to Hainan and actively introduce relevant implementation rules according to the principle that the price limit is not restricted.

According to the data of Haikou Local Taxation Bureau, Haikou's land use tax, urban maintenance and construction tax and land value-added tax revenue decreased in the first quarter of this year.

In March, the construction business tax revenue was 44 million 250 thousand yuan, down 33.1% compared with the same period last year; the real estate business tax revenue was 59 million 370 thousand yuan, down 67.9% compared with the same period last year; the first quarter land value added tax income was 140 million 900 thousand yuan, down 32.9% compared to the same period.

According to the Economic Observer network reporter, in 2010, the real estate industry accounted for more than 1/4 of Haikou's fiscal revenue, accounting for nearly 1/2 of the increase.

In March, the number of commercial housing sales in Haikou was only 302 units, down 90% from the same period last year.

However, the Haikou housing paction price remained at its original level, or even slightly increased.

In February 28th, Haikou's "restriction order" issued a severe restriction on the purchase of family houses, especially for the residents of other provinces and cities.

This restriction order prohibits local residents from buying third or more apartments locally, limiting the purchase of second apartments by local families, and failing to provide tax or social security to prove that the non resident households are temporarily closed to their homes.

It is understood that 60% of Haikou's property buyers are people outside the island.