Sanya Expat

......according to a very credible, longtime business and property owner in Haikou, when the sudden surge in property prices on Hainan took hold in the past three weeks, property values of new local oceanview apartments at the North Shore Beach area near the Sheraton Haikou shot up between 200 to 300% from 10,000rmb psqm to OFFER prices by eager buyers of 28,000rmb per square meter which are being summarily TURNED DOWN by property owners . UPDATE 2/5 - these wild prices increase are ONSITE CONFIRMED...I visited several properties in Haikou during the past two days...asking prices for seaview villas at Vanke's Business Club property moved from 25,000rmb psqm last month to 40,000rmb psqm this month; apartment prices from 10,000 to over 20,000rmb psqm...in the city' Guomao area....+ 15,000rmb sqm....Haikou?? NUTS boys 'n girls!!

On another note, I do have a new property listing for our readers and clients - this is a 200 MU property parcel now available on the dark side of the moon at only 2500rmb per sq meter, comparable to current prices in the Li Jiang Yunnan region. Prices are still reasonably low because that particular region of the moon is quite cold and undeveloped to date. However, showing a high level of foresight on such matters, each villa will have in floor solar heating to keep your toes warm whilst you are trying to catch your breath in the thin, dry air at such high altitude. I know you may be confused regarding things such as gravity and atmosphere and build quality. Its ok. Really.

Finally, it is rumored that groups of investors from Wenzhou are currently eyeing and about to snatch up this particular new project development. We also heard that Shanghai real estate veteran Sam Crispin is also moving quickly for his slice of the moon mu pie.

Deposits for PHASE II Moon MU

We are now also accepting refundable deposits of 100,000rmb per MU for the PHASE TWO development which sits on a separate parcel on a much more attractive mooncrater hillside with partial sunsets which we have set to begin construction just after Chinese New Year 2013. Prices on the PHASE II development will be announced at that time. But don't worry as we are quite certain the PHASE II asking prices will not go up as much as they have in the past three weeks in Haikou and Sanya, suggesting an outstanding investment opportunity on the horizon, um sorry, on the moon.

For further research we recommend you google keywords "china, haikou, sanya, moon, bubble?, property, investments, gambling, is there any air on the moon?"

Cheers, Mario

The January 29th edition of China Daily features a front page story on skyrocketing real estate prices here on Hainan Island. In the past month, prices here have been driven up from already too high prices an additional 30% in a orgiastic buying frenzy.

This recent development coincidentally occurs in an orchestrated asset dance as during the past month, the Chinese stock indexes began to decline while the Chinese government makes a special proclamation that Hainan will receive special attention and incentives to be developed into an international luxury level destination.

Furthermore, it needs to be understood that during the past year strategic decisions were made to take Hainan Island upmarket as a more exclusive, luxury level tropical island playground for the wealthy and privileged. St. Regis and MGM Grande will join the resort lineup at Yalong Bay. Shangri La, Fairmont and Starwood's Luxury Collection Malus will flagship the Haitang Bay development. Lu Hui Tou's Banyan Tree Villas and Intercontinental will be joined by Four Seasons alongside the peninsula's exclusive golf course and Ban Shan Ban Dao luxury apartment & villa development.

Next page: Where to put your money next?

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According to a recent article at Travel Daily Asia, Starwood Hotels and Resorts has announced the signing of deals to open its first two ‘The Luxury Collection’- branded properties in China.

The Astor Hotel, a Luxury Collection Hotel, is scheduled to open in Tianjin as a Luxury Collection Hotel in May 2010 after a US$22 million renovation, and The Malus Sanya, a Luxury Collection Resort, a new-build resort, is set to open in late 2012.

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I find it an interesting coincidence that public proclamations by the Chinese government are occurring JUST before the Chinese New Year to make Hainan Island an "international" destination, feeding the frenzy of rising property prices down here. Such PR proclamations have been heard before and are nothing new. However, at this time, we can see clear evidence that the real estate and resort development efforts are decidedly more to the upscale and luxury market including the world's most famous luxury hotel brand names and world-class golf resorts.

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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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The China / Asia Boom Continues for 2010

Despite calls by some political and investment analysts that China is in a dangerous economic bubble ready to burst, a closer look at the situation makes it easy to doubt that will happen. Most analysts continue to underestimate the power of CASH CASH CASH. Chinese have more cash than most of us can imagine; I'm talking the government AND the citizens. There are many more pieces to the puzzle but this is the leading indicator of the direction most likely for 2010. More so, southeast Asian countries especially India and Australia will continue to benefit from the China-led expansion of the century.

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Announcement: Rent The SanyaExpat Car! Only 280rmb per day this month!! 2 day minimum
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Sanya Goes Luxury

This expectation of continued growth and infrastructure expansion in the Pacific Rim certainly includes development in and around Sanya & Hainan Island. More so, we are seeing clear evidence of Sanya going upmarket, another indicator of the incredible wealth being created here. Haitang Bay is loaded with world-class luxury brands as well as St. Regis coming to Yalong Bay, and the Intercontinental soon to open, joining luxury villa Banyan Tree Resort on the Lu Hui Tou Peninsula.

Dadonghai

For Dadonghai, we follow the rule as when playing the classic board game Monopoly: GO DIRECTLY TO THE BEACH. DO NOT PASS GO. DO NOT COLLECT $200. DO NOT STOP. ONLY GO DIRECTLY TO THE BEACH! If you follow that bit of advice, you can actually enjoy the best of Dadonghai beach which is its excellent boardwalk-lined beach. Meanwhile beachfront new construction at the Armageddon meteor-sized Jin Jiang Golden Garden complex behind the InTyme Resort has an asking price of 20,000rmb/psqm for a 14th floor unit in the recently open for sale building II which is the prime building closest to the beach

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