Disney apparently got the heads up this week from Shanghai authorities for Pudong’s Disney World and according to the local real estate brokerages on chuansha road property prices averaged up 1000 Rmb in the same day.
Not all is finalized but there seems to be only formalities standing before Mickey’s feet touching down on the other side of the river.
The theme park is set to lift prizes in the area and will span more than 4 times the size of Disney Land Hong Kong.
It is estimated that Shanghai’s Disney Land will cost around 3.5 Billion US$ to build.
Filed under: China Real Estate, Market News, Shanghai Real Estate News, Trends | Disney Land, Pudong, Real Estate Shanghai, Shanghai, Shanghai Property News|1 Comment
During the World Economic Forum, Shanghai has been voted the world’s most attractive global city in the future in a survey by the greater Paris investment agency.
China’s largest City not only by population, enjoys the biggest investor confidence followed by Beijing, Mumbai and Dubai.
The President of the Commitee Thierry Jacquillat said it was the first such survey to include cities from emerging markets as China, Brazil and India.
The survey wad based on opinions of more than 500 business leaders of multinational companies interviewed in 22 countries.
Many see Pudong as the future of Shanghai and value this “plot of land” as one of the city’s most attractive places for property investment.
Lujiazui has already been present in headlines lately as the World Financial Center Inaugurated August 28, 2008 has opened it’s curtains to the world.
The 101 Storey building has an occupancy rate of roughly 50% so far.
The 492m Skyscraper is currently the third tallest in the world (and tallest in China) and will still be topped by nearly 150mby the Shanghai Center which is scheduled to complete in 2013.
Knowing how they build in Shanghai (faster than light), I’m having guess we’ll beat that too!
According to Forbes the City will be amongst the biggest in the world by 2025 in terms of Population.
Shanghai Ranks 9th, with an estimated growth rate of 1.44% and a 19.4 Million large Population by 2025 compared to 14.5 Million in 2007.
The Future holds a lot for Shanghai and it’s Real Estate Market, luckily, we’re here to report the process.
Filed under: Developements, General News, International News, Shanghai Real Estate News | International News, Lujiazui, Pudong, Shanghai Real Estate|No Comments
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