Sanya Property Goes Snap and Crackle, but the Pop Comes Later, Perhaps

In his latest Real Estate Review, Mario over at Sanya Expat takes the view that the Sanya property market could well be a bubble, but a bubble with room to grow.

His report is a handy overview of the market and the pricing in the various parts of town, and a rehearsal of the argument that surging demand for a place in the sun could keep local property prices rising for a good while to come.

But what’s with all of the frantic building, especially on second-tier sites set well back from the beach? Is it waving or drowning?…