Aug
97% illegal golf courses in China
Because 2004, China has declared no new golf courses really should be built. But there are still individuals enthusiastic about new golf courses. According to incomplete statistics, illegal courses add up to 97%.
It is reported that a 18-hole course’s typical investment is 153 million. Every single golf course occupies 1,200 mu and fees nearly 300 million which includes website construction, stadium construction and course maintenance and the like. Besides, the fixed price is about 8 to 10 million, plus the tax. To preserve that expense, there ought to be 35000 folks to play and every single 1 spends 750 per time. It is extremely challenging for almost each golf course in China to preserve such level. Some course manager told reporters it’s genuinely impossible to earn profits through the course.