He Qi, Deputy Secretary-General of China Housing Association: At present the Hainan property market has appeared bubble

January 27, 2010 14 o'clock in the afternoon, China Real Estate Association under-Secretary-General He Qi, Peking University Real Estate Institute director Chen Kwok-keung to visit Xinhua, and netizens boast 2010-year property market. Photo of the guests at Xinhua.　　Xinhua Wang Hanlin Photo.　　Xinhua News January 27, China Real Estate Industry Association under-Secretary-General He Qi, Beijing University Real Estate Research Institute director Chen Kwok-keung, on the real estate regulation and 2010 house price trend and other topics with netizens online communication, the following is a summary of the highlights. [Moderator] You said there would be bubbles elsewhere. The recent rise in prices in Hainan has jumped, what is the cause of this?　　What does this have to do with a bubble 17 years ago? [He Qi] I think this phenomenon is extremely abnormal, if we want to develop this way, the Hainan bubble has appeared.　　In this way, there is a bubble in the property market in Hainan. If not controlled in the future, Hainan is likely to appear 1993 years, when Hainan should be classified as a special zone, our country proposed the adjustment of regional structure to Hainan is a good opportunity for development.　　However, when other industries did not move, our real estate industry took the lead in the new round of Hainan upsurge, now the situation should arouse the attention of all parties. [Chan Kwok-keung] Hainan has its own special situation, the demand of Hainan market is supported by the national market, the international Tourism Island was approved, the particularity of the Hainan market further intensified.　　Therefore, it presents the situation of the hot house price has its own particularity, this problem does require the high vigilance of our concerned, how to effectively guide and manage the problem. In addition, I would like to add that this particular performance of the Hainan market and our current national economy development to today, and the previous wave of serious bubbles in the market place a lot of differences. The basic difference is that we have now passed through 10 years, 20 of rapid development, has entered a leisure era.　　These affluent people in the housing, in fact, there is more than the conventional requirements, such as the demand for tourism vacation. Sanya, Hainan, shows very clearly, these people to buy property here is more to consider their own future tourism, leisure and vacation needs. So I think the characteristics of this market in Hainan, we really need a full range, multi-angle to determine it. The problem of overheated house prices, we really need the media and other sectors of the industry to pay close attention to the problem of overheating housing prices should take appropriate measures to guide and control.