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Wednesday, March 31, 2010

Hai- Na

On China’s Hainan Island, the Boom Is Deafening - NYTimes.com: "The Visun Royal Yacht Club, China’s largest, plans to buy a helicopter for the use of its members. A golf course that charges $180 per round is opening 220 villas, each with its own butler, swimming pool and spa — “I want to get it into the Guinness Book of World Records for the most spas anywhere,” the manager says.

Then there are the property speculators flying to this resort town from across China with bagfuls of cash, to buy apartments whose cost per square foot rivals parts of Manhattan. Five-star hotels during the recent Lunar New Year holiday charged $1,500 or more per night; one company charged $80 just to camp out in a tent."

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