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With Hainan's Customs Closure Implemented, Industry Insiders Predict a Complete Collapse of the Housing Price System.
Summary by 大纪元 Epoch Times
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Following the official implementation of the Hainan border closure policy, the real estate market did not experience the anticipated "revaluation." On the contrary, according to a local real estate agent with over 20 years of experience in Hainan, on the fifth day of the closure, housing prices in many areas of Hainan Island collapsed—having been halved. Haikou, the capital of Hainan Province and considered the "bridgehead" of the free trade por…
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