| The rental property market is coming down as well. Just yesterday I was talking with a friend who has been spending one year investigating Shanghai's rental properties. She has just negotiated a deal for her boss and told me that the rent in Shanghai has come down quite a bit especially for those luxury, fully-furnished apartments. Her boss used to pay RMB10,000 a month living in Xujiahui. Now the apartment my friend found for them is only RMB6,500 a month with the similar square meters and even better furniture and facilities. And the location is still in Xujiahui, only next door to her boss's previous apartment.
I did some reaserch in Shanghai's property market and if you are interested, please read my article here from the following link. http://madaboutshanghai.blogs.com/mad_about_shanghai/2005/07/tightening_poli.html |
When the House Prices Goes Down