Lingshui County, which is not well-known in China, has ranked first in the country in recent years, with more than 30,000 yuan, which is higher than Haikou. Why is it so expensive? Value for money or foam buildup? Food for thought.
It is often said that it is better to have a bed in a first- or second-tier city than a suite in a third- or fourth-tier city. However, this law does not seem to apply in Lingshui County. The data in June this year shows that there are 8 counties in the country with housing prices of more than 20,000, and Lingshui County ranks first with a price of 33,376 yuan/㎡, nearly 8,000 yuan ahead of the second Mingwu City (25,690 yuan/㎡).
Among the top five county-level cities in the country, they are followed by Yiwu, Yongkang and Wenling in Zhejiang and Kunshan in Jiangsu. The economic strength of these regions is among the best in the country, for example, Yiwu has a disposable income of more than 86,000 yuan in 2021, and Kunshan has more than 77,000 yuan.
However, the per capita disposable income in Lingshui County is only 36,122 yuan, which is in stark contrast to housing prices. Among the top 10 counties (including county-level cities) in terms of per capita income in the country, Lingshui County's housing prices are far ahead.
Although Lingshui County has a population of only 372,500 and a relatively small local economy, its GDP in 2021 is only 22.339 billion yuan, which is far from the "trillion club" cities. However, in terms of population size and economic size, the housing prices in Lingshui County are comparable to those of first- and second-tier cities in the United States.
So, what is the reason why the housing prices in Lingshui County are so high? Some people believe that Lingshui County is located on the dividing line between subtropical and tropical, with superior climatic conditions; Some people also believe that Lingshui County, as the back garden of Sanya, has attracted the attention of a large number of Sanya home buyers; Some people also believe that Lingshui County has taken advantage of the construction of Hainan Free Trade Port and has great potential for future development.
First, let's talk about geography. Lingshui County does have its own unique features.