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Any Takers?
August 18, 2006
Life in Shanghai isn’t cheap but at RMB110,000 per square meter for an apartment, it’s a record.
As Shanghaiist pointed out, he used to live in an apartment in Jing’an district that cost RMB1,000 a month and now a flat in 汤臣一品 (Tomson Riviera) would translate to over three thousand years’ rent.
A crash in the property market is a good thing and I do hope it happens soon. Copying the high land price policy which apparently worked magic in Hongkong simply will not work in China. They will learn.
Posted to Life at August 18, 2006 12:26 AM :
Furl It!
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