Nowadays the stock market in Shanghai is hot, the real estate market is not. This Chinese article says in year 2006 the Shanghai housing price dropped about -0.5%. While not a significant drop, this plus the recent raise of interest rate makes potential home buyers weary. But I think the buyers need not worry if they know what they want, do the homework, and plan to stay for long term. There are still bright spots in the real estate market. Among those there is one bedroom apartment close to metro stations: the influx of college educated workers like to rent those apartments so that they can get to work, and enjoy the urban living style. Read this Chinese article if you are interested.
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