SHANGHAI REAL ESTATE SERVICES

Shanghai, China - Commercial and industrial capital Shanghai is booming, and so is its real estate and property sales.

Despite some warnings of a property bubble, many expatriates are joining the ranks of residential property owners and real estate investors.

There are several reasons why expats are joining the housing market in Shanghai, but the sheer numbers - both of expats and profits that can be made on owning a property in Shanghai - figure prominently.

Most of the land sold through public bidding was in the suburbs of Shanghai, such as the Songjiang and Bashan areas. Over 80 percent was situated outside the outer ring of Shanghai, but land in remote counties was sold at a lower price.

"Expats" is a catch-all term. It does not mean only those sent over from foreign headquarters, but it does include them, as well as many overseas Chinese establishing long-term residences in Shanghai. It also includes foreign self-employed professionals. The increasing number of marriages between locals and foreigners also contributes to the increasing number of home buyers in the city.

Last year was a boom year in shanghai as Shanghai Real Estate and property prices roared ahead in double digits, this year will be quieter, but profits can still be made on buying property in Shaghai.

About Shanghai: Shanghai, Hu for short, is a renowned international metropolis drawing more and more attention from all over the world.

In addition to its modernization, Shanghai's multicultural flair endows Shanghai with a unique glamour. Here in Shanghai, one finds the perfect blend of cultures, the modern and the traditional, and the western and the oriental.

New skyscrapers and old Shikumen lanes together draw the skyline of Shanghai. Western customs and Chinese traditions intertwined, form Shanghai's culture, making a visitor's stay truly memorable.

Shanghai is China`s most comprehensive industrial and commercial city, ranking the first in population and population density. As a tourist city, Shanghai attracts travellers from both home and abroad by its commercial activity rather than scenic beauty.

Climate In Shanghai: Weather during November to April is the coldest and temperatures range between 3.5oC to 13.7oC (38.3oF to 56.7oF). Weather in May, June, September and October is cooling, ranging between 18.6oC to 23.5oC (65.5oF to 74.3oF). Climate in July and August starts to turn warm and temperature can go up to 28oC (82.4oF).

Shanghai Local Area Information: Shanghai is situated on the bank of the Yangtze River Delta, with East River in the east and Hangzhou delta in the south. Housing a population of over 16 million at present, it was once a small town supported by fishing and weaving before the first Opium War. Late in 1990, the central government started developing the area, and has since became the well-known booming metropolis city.

Shanghia Airport: Hongqiao International Airport in western Shanghai, about 15 kilometers from the city center, handles all international flights. By taxi, the trip from the airport will take you about 30 min. to an hour. A new Shanghai International Airport in Pudong opened on October 1, 1999.

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