With restrictions on property purchases working too well, Haikou, the capital of China’s Hainan...

|By:, SA News Editor

With restrictions on property purchases working too well, Haikou, the capital of China’s Hainan province considers reversing its policy. Real estate transactions, along with the tax revenue they bring, have fallen off a cliff since March, and well-heeled developers prefer sitting on empty units to slashing prices.