Group 1 - A mysterious buyer from Shandong purchased over 100 small commercial residential units in Sanya, totaling an investment of over 500 million yuan, marking one of the most significant individual property acquisitions in Hainan's recent history [1] - The real estate market in Hainan is experiencing a strong rebound, with new residential sales reaching 127.95 billion yuan from January to October 2025, a year-on-year increase of 17.4%, and Sanya's new home prices soaring to 31,467 yuan per square meter, up over 30% year-on-year [3] - The influx of capital into Sanya is driven by expectations surrounding the upcoming closure of the Hainan Free Trade Port and a surge in high-end residency demand, with projections indicating a significant increase in property transactions and investment rankings [3] Group 2 - Small commercial residential units are becoming increasingly popular due to their lower total prices, ability to register companies, and benefits from free trade policies, making them attractive to investors [5] - Despite the current market enthusiasm, concerns exist regarding the sustainability of Sanya's property prices, which are nearing first-tier city levels, and the potential volatility due to reliance on external capital [5] - The ongoing influx of capital from various regions and demographics indicates a competitive race for "Hainan identity + asset hedging," with the Shandong buyer representing just a fraction of this trend [5]