Thirdly, high-quality serviced Shanghai apartment. With the upgrading of urban industries in the Shanghai, more business people live or stay in Shanghai and more tourists come to visit Shanghai. Therefore, high-qualty serviced apartments are demanded by business people and tourists. They require the apartments to be in good environment, to be with good service and complete supporting facilities. This type of
shanghai apartment is actually the window f Shanghai. However, at present they are in a bitl over-supply, as they are facing the competition by hotels. * . Fourthly, old house in the city which are of historical significance. Those old houses, like the Siheyuan courtyard in Beijing, are of significant
value, from both a historical, and an artistic point of view. Unlike modern Shanghai apartment, they are masterpieces of the old time, just like the Bund. There are about 400-500 such old houses scattered in Xuhui, Luwan, Jingan, and Chang Ning districts .They are the name card of Shanghai. In future, this market，unlike other Shanghai apartment market, will be developing in the way of an art investment market.
It describes the types of
shanghai property, the definitions, characteristics and factors affecting the
value, and so on. It also analyses the development of China's real estate industry, the environment for the development of real estate industry in Shanghai, as well as operation of the Shanghai property market. It particularly describes Shanghai land market, the residential market, apartment market, villas market, commercial real estate market, office markets, shops and second-hand property market.
On the contrary, now the monthly rental on the Shanghai rent market hs been somewhat decreased. As a local real estate agent says, in the past,
shanghai rent market was about 2-3 month. At present, however, some properties have been vacant for even half a year. Therefore, the landlord has to lower the rental to attract tenants on the Shanghai rent market.
And if two or more tenants rent a property together, they can share the rental. The general
shanghai rentalon the current market is as follows, for 2-bedroom month, the rental varies between RMB2,500 to RMB2,800. For 1-bedroom types, the rental is between RMB1800 and RMB 2,100. For 3-bedrooms, the rental is between RMB3,200 to RMB3,600.This is a general overview fo the Shanghai rental for the periond of Jan-June 2008.
