{"id":37952,"date":"2016-12-13T16:34:29","date_gmt":"2016-12-13T09:34:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-luxury-homes-get-smaller-while-prices-get-ever-greater\/"},"modified":"2016-12-13T18:29:52","modified_gmt":"2016-12-13T11:29:52","slug":"shanghai-luxury-homes-get-smaller-while-prices-get-ever-greater","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shanghai-luxury-homes-get-smaller-while-prices-get-ever-greater\/","title":{"rendered":"Shanghai luxury homes get smaller while prices get ever greater"},"content":{"rendered":"


\nIs Shanghai the new Hong Kong?
\nShanghai home values are among the world\u2019s fastest-growing. shanghainese\/Shutterstock
\nWhat do you do when prevailing market prices of homes are skyrocketing at double-digit rates?
\nYou build them smaller, of course.
\nSaddled with one of the hottest real estate markets in the world, property developers in Shanghai have been forced to downsize their offerings in order to keep selling prices down, China Daily reported.
\nOne developer, the state-run China Overseas Land and Investment Ltd, has seen its luxury products shrink to 200-210 or 130-140 square metres in the city. Properties in the same segment two years ago had floor areas ranging between 250 and 400 square metres, in comparison.
\nMore: Hong Kong buyers seek smaller units as home prices reach new heights
\nThe average price of a 90-square-metre unit in Shanghai is 25 times the average household income\u00a0in 2016, China Daily pointed out.
\nIt\u2019s a story familiar to many residents in Hong Kong, a high-density city where small flats are known to fetch stratospheric prices. \u201cShanghai\u2019s luxury real estate market today is replicating the story of Hong Kong,\u201d the Shanghai office of Hong Kong-listed China Overseas Land and Investment Ltd reported.
\n\u201cBuyers are accepting the idea that luxury homes could go with a floor space of 100 square meters, a frustrating reality that Hong Kong people have long lived with.\u201d
\nRead next: What will Shanghai look like in 2040?
\n
\nSource : property-report.com
\nRead more…Shanghai luxury homes get smaller while prices get ever greater<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Is Shanghai the new Hong Kong? Shanghai home values are among the world\u2019s fastest-growing. shanghainese\/Shutterstock...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37952","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9S8","jetpack-related-posts":[{"id":171276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-china-hong-kong-premium-office-supply-to-peak-as-demand-lags-cushman-says\/","url_meta":{"origin":37952,"position":0},"title":"Mainland China, Hong Kong premium office supply to peak as demand lags, Cushman says","date":"April 1, 2026","format":false,"excerpt":"\r Prime office supply in mainland Chinese cities and Hong Kong is estimated to peak this year, while demand remains hampered by an economic slowdown and global uncertainties, according to Cushman & Wakefield. 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The six plots put up by the municipal government for sale this week total 166,300 square metres with a combined starting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143825,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developer-hang-lung-eyes-chinas-booming-luxury-market-as-it-expands-flagship-shanghai-mall-plaza-66\/","url_meta":{"origin":37952,"position":3},"title":"Hong Kong developer Hang Lung eyes China\u2019s booming luxury market as it expands flagship Shanghai mall Plaza 66","date":"April 22, 2024","format":false,"excerpt":"\r Hang Lung Properties is targeting discerning Chinese consumers\u2019 penchant for luxury goods as it prepares to undertake the expansion of its flagship mall in Shanghai.\r \r Source : South China Morning Post\r Read more...Hong Kong developer Hang Lung eyes China\u2019s booming luxury market as it expands flagship Shanghai mall\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/policy-relaxation-to-rekindle-china-homes-prices-later-this-year-says-hong-kong-listed-developer\/","url_meta":{"origin":37952,"position":4},"title":"\u2018Policy relaxation\u2019 to rekindle China homes prices later this year, says Hong Kong-listed developer","date":"March 14, 2019","format":false,"excerpt":"\r As storm clouds gather over the mainland housing market, one property developer is betting on sunnier skies in the months ahead as local governments seek to kick-start economic growth.Cifi Holdings, the Shanghai-based property developer with a presence in 55 mainland cities, expects a pickup in home sales in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124024,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-government-sets-minimum-size-of-280-square-feet-for-flats-increases-land-supply-in-bid-to-tame-sky-high-house-prices\/","url_meta":{"origin":37952,"position":5},"title":"Hong Kong government sets minimum size of 280 square feet for flats, increases land supply in bid to tame sky-high house prices","date":"December 30, 2021","format":false,"excerpt":"\r Hong Kong\u2019s government set a larger-than-expected minimum size for the city\u2019s new homes and increased the supply of residential land to a four-year high, as the authorities announced a new housing strategy to tackle one of the most intractable socioeconomic issues in the world\u2019s least affordable city.The tiniest living\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37952"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=37952"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}