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Shanghai Real Estate Veteran Sam Crispin Comes Out Swingin' For Round Two...
Does our venerable and respected real estate veteran Sam Crispin hit the mark with his round two jab on the continued boiling cauldron of real estate stew here in Sanya?...
Sam recently weighed in with this insightful and important comment:
"Rumours about of Hainan offering visa free access for nationals of over 20 countries and that the real estate market, as I and not Mario predicted, is going nuts again. Watch what happens over Chinese new year, that's the peak sales season in this hot, hot, hot market! Mario, there's more than one beer riding on this."
Perhaps Sam hits on some encouraging thoughts here with some substance behind them. In fact, with the Chinese New Year holiday coming, he is right on the mark regarding the seasonal bump in asking prices heading into the Chinese New Year season, so there is some truth to the idea that the market is "heating up" a bit. After all, I hate to be a touch negative but the holidays are the perfect time to find more suckers bidding prices unreasonably higher and higher just like the stock markets. And if they're willing to come to Sanya that week paying full airfare and 5000rmb/night for a 15000rmb room, by all means, let them pay inflated prices for Sanya's property too!
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2 comments
However, the last version I heard about was visa-free for groups of 5+ coming for not more than 2 weeks, having booked in advance following a specified procedure so they are expected. A far cry from real visa-free... just turn up and get your passport stamped on arrival.
That said, any relaxation process is of course welcome.
In 2000,Hainan Province carries out a visa-free policy on 21 countries (South Korea, Japan, Russia, Malaysia, United States, Singapore, Germany, Thailand, United Kingdom, Canada, France, Australia, Indonesia, Sweden, Italy, Netherlands, Spain, Switzerland, Austria, Philippine and New Zealand), traveling groups (at least 5 persons) from the countries above can stay in Hainan with no more than 15 days without applying for visas and the traveling groups should organize by international traveling agencies which are approved by Hainan Province.
This year, the visa-free policy added five new countries which are Finland, Denmark, Norway, Ukraine and Kazakhstan. New changes for visa-free already countries Russia, South Korea and Germany, the traveling groups from the three countries can stay in Hainan with no more than 21 days and the number of persons per group is at least 2.
I hope the information is useful for you!
Best Regards,
Chris
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