BEIJING Oct 12 Investment, sales area growth
and other housing market data in China's southern island Hainan
province showed a slowdown in the in the first nine months,
after growth in earlier periods in the year, the official Xinhua
news agency said on Wednesday.
Property investment growth fell to 2.5 percent in the first
nine months from 12.2 percent in the first five months, Xinhua
said, citing data presented during a provincial government
Sales area growth rate dropped to 46.4 percent in the first
three quarters, almost half of the rate of the first four
months, it said.
But property sales in Hainan are expected to rebound as the
traditional peak sales season is approaching, it said.
(Reporting by Beijing Monitoring Desk; Editing by Nick Macfie)