These days in Shanghai it seems getting a chance to buy property is as close as it gets to winning the lottery.
Developers of high-priced Shanghai residential projects have been overwhelmed by deep-pocketed prospective buyers, as local government price controls have made these homes a bargain for them.
For instance, Joy City Property’s newly launched Qiantan Ocean One project in Qiantan, a prioritised government development area, priced between 75,000-95,000 yuan (US$11,876-15,043) per…
Source : South China Morning Post
Read more…The only way to buy property in Shanghai these days is to win the lottery
