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 8, 2007

RICHGATE

Labels: Luwan, Shanghai

RICHGATE
Luwan District

3-4 Bedrooms..............................$7000-$12000
Rates subject to change

Special Price Only at SPP: 273Sqm/3 Bedroom/$5500

Property Type: High-rise Apartment
Completion Time: July.2006
Gross Area: 273-462 Sqm Bathrooms: 2-3
Amenities and Services: 24-hour Security, Satellite TV, Gym, Sauna, Outdoor Pool, Reading Room, Children's Play Room and Coffee Bar.
Furnishings: Furnished and Unfurnished
Location: At back of Huaihai road, 2 minutes walk to Xintiandi, 10 minutes walk to subway station.
Remarks: Richgate is a super luxurious residential development located in the heart of city center. It is also one of the most expensive apartments for sale in Shanghai. All apartments are huge and have a lot of space for every room. The decoration is made by the developer with top-quality materials and fitted with world-famous brand appliances. Each floor contains only one single apartment and provide exclusive elevator to the suit. 11m-wide floor-to-ceiling windows can let you enjoy great city view. The apartments are leased from individual landlords and different furniture style are available to select.
Popularity Ratings:
Availability: Available now both 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