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.
FORTUNE RESIDENCE
Pudong
3 Bedroom...............253M2................$4000-$4500
4 Bedroom...............290M2................$4500-$5500
4 Bedroom...............340M2................$6000-$6500
Rates subject to change
- Property Type: High-rise Apartment
- Completion Year: 2006
- Gross Area: 253-340 Sqm Bathrooms: 2-3
- Amenities and Services: 24-hour Security, Gym, Sauna, Indoor Pool, Tennis Courts, SPA.
- Furnishings: To be furnished
- Location: At Pudong Lujiazui financial center, 5 minutes walk to Jinmao Tower and 10 minutes to Pudong Bund area.
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Remarks: Fortune Residence is one of the most luxury residential complex in Pudong area with a few minutes walk to Bund and river. The project consists of 5 high-rise buildings and each buildings have a wide views of the Huangpu river. The apartments are individually owned and the furnishings vary from one to another.
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Popularity Ratings: N/A
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Availability: Available now for rent and second-hand purchase
Note: Above pictures were taken from a model unit of which furnishings may vary from the available ones
Agent: Shanghai Pearl Property
Http://www.shrelocation.com
