Shanghai Apartments, Apartment in Shanghai

Shanghai Apartments housing market set high price

Shanghai Greenland group agreed to pay 7.25 billion RMB (US$ 1.07 billion) for a prime shanghai Xuhui Longhua Road close to Huangpu river. Reported says that it is the most expensive piece of land in shanghai even in china. The real estate developers are still optimistic despite of the stagnant shanghai apartment sales in Golden September and Silver October 2009. Two weeks ago, China Overseas Land & Investment spent 7 billion RMB for a land in Changfeng area Putuo district.

Shanghai Greenland group said, the land will be used for commercial, office, serviced apartments, shopping malls, residential apartments. Industrial insiders said that the new shanghai in the same area sell for between 35,000RMB and 40,000RMB.
update time：2010-9-9