There's plenty of kinds of real estate housing in Shanghai, but there is no longer the excess of real estate that their once was. Prices are finally on the rise, but still a lot cheaper than anything you'd get back home.
Here is a rough guide to the types of real estate housing available:
Expat Communities/Villas: They can be expensive, but they can feature gardens, split-level living, garages, full amenities and a health club somewhere close by. You will pay handsomely for this luxury. Most of the villa developments are in the Hongqiao and Gubei areas to the west of the city center. Two big ones, Tomson Golf Villa and Shanghai Links are in Pudong.
Old Villas: Much more classy, generally in the old French concession area. These are residences dating from before the Communist takeover in 1949. The Shanghailanders sure knew how to live in style. For old houses which have been properly renovated, with electrical and plumbing updated, prices can be high, but the location is great and comfort guaranteed. For those that haven't been renovated ... expect problems amidst the grandeur.
Expat Apartments: These range from luxurious to nice, and from downtown to Pudong, with prices varying accordingly.
Living with the Chinese: This is the cheapest way to go, and more and more foreigners are turning to this option. Many real estate agents are now able to provide an interpreter, though if language is a problem, you might want to bring a long a Chinese speaking friend..
Shanghai Real Estate market
Shanghai (Chinese: 上海; Pinyin: Shànghǎi; Shanghainese: /zɑ̃'he/; abbreviation: 沪; nickname: 申), situated on the banks of the Yangtze River Delta in East China, is the largest city of the People's Republic of China and the eighth largest in the world.[4] Widely regarded as the citadel of China's modern economy, the city also serves as one of the nation's most important cultural, commercial, financial, industrial and communications centers. Administratively, Shanghai is a municipality of the People's Republic of China that has province-level status. Shanghai is also one of the world's busiest ports, and became the largest cargo port in the world in 2005.
Originally a fishing town, Shanghai became China's most important city by the twentieth century and was the center of popular culture, intellectual discourse and political intrigue during the Republic of China era. After the communist takeover in 1949, Shanghai languished due to heavy central government taxation and cessation of foreign investment, and had many of its supposedly "bourgeois" elements purged. Following the central government's authorization of market-economic redevelopment of Shanghai in 1992, Shanghai has now surpassed early-starters Shenzhen and Guangzhou, and has since led China's economic growth. Some challenges remain for Shanghai at the beginning of the 21st century, as the city struggles to cope with increased worker migration, a huge wealth gap, and environmental degradation. Despite these challenges, Shanghai's skyscrapers and modern lifestyle are often seen as representing China's recent economic development.
Saturday, December 1, 2007
Shanghai Real Estate Market
Labels:
Market,
Real Estate,
Shanghai
