| Interesting. I'd love to hear people's thoughts (esp. Jian Shuo) on residential real estate. I hear that prime locations in Shanghai like Jing'an are now at RMB 40,000 per sq. meter. That is about $617 per sq feet at current exchange rate (7.2 RMB: 1 USD). Near Palo Alto near Stanford University, homes might cost $800 per sq feet. or so, including a nice piece of land, maybe 6000 sq feet. So Shanghai prices are pretty close to Bay Area prices, one of the most expensive places to live in the US. Not sure where the bubble effect is stronger! |
Skyscrapers in Lujiazui