Thursday, March 8, 2012

Not all gloom for Hainan property: Weiye Holdings

Straits Times: Tue, Mar 06
PLENTY of developers have doubts about the property market in the Chinese island of Hainan, but Weiye Holdings believes there are plenty of prospects.

Executive chairman Zhang Wei told The Straits Times recently the firm is experiencing healthy demand for homes in Sanya and other cities in the province.

The Singapore-listed company, which develops residential and commercial property in Hainan and Henan province, is bucking a trend. Home sales in Hainan have fallen dramatically, with some developers resorting to promotions to move their projects...

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