hi yan and others , i am so sad to learn that my all years

hi yan and others , i am so sad to learn that my all years saving is worth nothing in shanghai property market , but some of my friends told me 10,000 rmb for a sq mtr is possible in some pudong building but only in new projects who might take another 1 year to deliver,,,i am looking for 50 to 60 sq mtr that makes 500,000 to 600,000 rmb for totall price so i "dreamt" of 30 % downpayment {200,000 rmb} and balance getting finance from bank and then can pay monthly installment almost equal to my rent fee{ around 3000 rmb for 60 sq mtr down town apartment wher i am living now},,,so is there really no apartment meeting my so tight financial situation or i should stop dreaming?
Posted by sherry at 2005-03-21 23:55:28
Commented on
Is the Real Estate Cooling Down? - Part II