A raft of stimulus measures has propped up the real estate market in south China's island province of Hainan since the beginning of October, characterized by a notable increase in property viewings and sales.

According to the person in charge of a real estate sales center in Sanya, property viewings have more than tripled this month compared to September, while property sales have doubled.
"Since the National Day, hundreds of groups of customers have been coming in for inquiries every day. We put on the first apartments on sale and they get snapped up. Our sales staff have been extremely busy," said Lu Tingting, the person in charge.
In May, the People's Bank of China and the National Financial Regulatory Administration announced reductions in the minimum down payment ratios for individuals' commercial housing mortgages to 15 percent for first-home purchases and 25 percent for second-home purchases.
Furthermore, the cities of Dongfang and Wenchang, along with Chengmai County in Hainan, have issued notices to comprehensively lift restrictions on the purchase and transaction of commercial residential homes.
"The current policies are particularly favorable, thanks to the strong government support. The interest rates and down payments are decreasing, with down payments now reduced to 15 percent, which is quite an incentive. We believe it is a good time for us now and we can cut a good deal buying a house. That's why I've brought my family to have a look as well," said Li Haoran, a potential home buyer.