Shanghai Real Estate news update
Hello 2010!
I hope that all of you, as I had a great ride into the new year, excited to see what 2010 brings, especially in our fantastic Shanghai!
1.32 Billion RMB
…thats what Shanghai’s Gubei Developement Group paid for block B7 and B8 or roughly 33 acres in Shangha’s tourist town Zhujiajiao (or little venice).
146% price increase, and they beat out 14 other competitors, congratulations!
298100
Is the new record of 2nd hand houses sold during one year in Shanghai. And
it was last year!
320.7 Billion Rmb was the transaction volume of these apartments and houses not including
new developements, also a record.
14.5 Million Rmb
…is what Shanghai’s hero Liu Xiang paid for a 436 sqm Villa in Putuo. Roughly 33′000 Rmb per square meter.
The olympic gold medalist will surely bring lot’s of attention to one of the hottest Shanghai districts these days.
Stay Tuned