| Shanghai real estate is over price if you compare with the income level earn by the general public. I guess policies shall be form on how to prevent apartment units are manipulated rather than not renting it out. Shall impose heavy levies, or taxes for owning more than one apartments, etc. That will at least make some room for those who really want on budget but would like to have a apartment of their own too. Apartment in Shanghai are manipulated by the above average group, and they are the one that make the market price soar higher by reselling it out by making a huge profit. |
New Regulations to Kill Group Renting in Shanghai