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 XUHUI
Xuhui District
1 Bedroom.....................................RMB 23000
2 Bedroom.....................................RMB 28000
3 Bedroom.....................................RMB 39000
Rates subject to change
- Property Type: Serviced Apartment
- Completion Year: 2000
- Gross Area: 65-176 Sqm Bathrooms:1-3
- Amenities and Services: 24-hour Security, 24-hour Service Center, Satellite TV, Indoor Pool, Tennis Court, Gym, Sauna, Restaurant, Housekeeping service.
- Furnishings: Fully Furnished
- Location: At southeast part of Xuhui district with 10 minutes to Huaihai Road and 15 minutes to People Square
- Remarks: Somerset Xuhui is a well known serviced apartment owned and managed by Ascott Group, a Singapore-based serviced residence provider. All apartments are carpet-floor with living room are relatively small. Monthly-based short-term lease is accepted
- Popularity Ratings:
- Availability: Available now for rent
Agent: Shanghai Pearl Property
Http://www.shrelocation.com
