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.
SOMERSET GRAND
Xuhui District
1 Bedroom.................................RMB 28000
2 Bedrooms...............................RMB 31000
3 Bedrooms...............................RMB 36000
Rates subject to change
- Property Type: Serviced Apartment
- Completion Year: 1998
- Gross Area: 83-233(duplex) Sqm Bathrooms: 1-3
- Amenities and Services: 24-hour Security, 24-hour Service Center, Satellite TV, Tennis Court, Gym, Indoor Pool, Billiard, Children's Playroom, Mini-store, Restaurant, International Kindergarten, Daily Housekeeping
- Furnishings: Fully Furnished
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Location: At central Luwan district, near Huaihai Park, walk to Huaihai Road and popular recreation street Xintiandi
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Remarks: Somerset Grand is a well-known service apartment owned and managed by Ascott Group, It has great location with short walk to Xintiandi, and professional management staff is available to provide good service.
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Popularity Ratings: 
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Availability: Available now for rent
Agent: Shanghai Pearl Property
Http://www.shrelocation.com
