Shanghai Apartment

Shanghai apartment real estate market scales new height

According to the Shanghai Real Estate Trading Center statistics data, Shanghai apartment market seems to be rising again stoking fears of a price increase. Shanghai real estate transactions have risen during the past three weeks, with transaction volume of commercial residential housing going up by over 10 percent.

Overseas investors are once again expessing their confidence after China reported 8.9 percent growth it 3Q09 GDP. Foreign investors have started scouting for property in Changning district, Pudong New Area(including former Nanhui district), Jingan District, Xuhui District etc. The hot areas are Zhongshan Park, Gubei, Hongqiao, Pudong Jinqiao, Green City, EXPO 2010 area, etc.

The depreciation of the US dollar may see more hot money and foreign fund flowing into the Chinese real estate market. It is the time for Shanghai government to take actions to stabilize the Shanghai apartment real estate market.

update time：2010-7-30