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SHANGHAI RESIDENTIAL MARKET
Shanghai is geographically divided by Huangpu River into the Western district Puxi and the Eastern district Pudong.
Location
Historically, most expatriates chose to live in Puxi because of the proximity to the many office towers and business districts, the convenience of living within walking distance to restaurants, grocery stores and shopping malls, and the charm of being surrounded by historic Shanghai tree-lined streets, and low-rise European-style architecture. The most popular neighborhoods include the Former French Concession area, Xintiandi area (located in Luwan district), the Jing'an Temple area (located in Jing'an area), Gubei / Hongqiao area (located in Changning district near the domestic airport), and the Hongmei road area (located in Minhang district), and the XuHui Garden area (located in the XuHui district).
Recently however, a growing number of expatriates, especially those who work in the Lujiazui or Jinqiao business districts, or who have children attending one of the international schools, choose to live in Pudong to avoid the heavy traffic crossing over from Puxi. Many multi-national companies have their head-quarters in PuDong and more are expected to move in the coming years. Another attraction is that most of the property in PuDong is newly built and often tailored to a Western style of living. County clubs, sport facilities, restaurants, and shopping malls have all sprung up in PuDong, to cater to the new group of expatriates who prefer to live a typical westernized life in like-minded communities.
Property Type
Housing for expatriates in Shanghai covers a wide spectrum of building styles, environments, and price ranges. The most common types of property are grouped into new developments (new villas, new apartments, serviced apartments) and historic residences (old garden houses, lane houses, old colonial style apartments). The new properties in the city generally have 24-hour management and security services, with modern club facilities onsite.
Most of the historic properties have restored the original architecture styles, and are hidden away along quiet tree lined streets.
Rents
There are essentially three price brackets for expatriate rental property. The lower band ranges from US$1,500 – US$3,000 per unit per month; the middle band ranges from US$3,000 – US$5,000 per unit per month; and the higher band usually ranges from US$5,000 – US$10,000 per unit per month. The rental rate for expatriate-housing properties varies significantly based on location, quality, property management, and incorporated facilities/amenities of the properties.
At NewPort Real Estate, our agent's extensive knowledge and experience in the Shanghai Real Estate Market will assist you finding the perfect home away from home.
PROPERTY OF THE WEEK
CLIENT TESTIMONIALS
We are settling into the flat and it's starting to feel like home which will make our time here in Shanghai so much better. Hopefully we'll keep in touch so we can pick your brains about china!
Have a lovely chinese new year.
OMD Media Agency
January 19, 2009
After visiting with Craig and I, you understood our requirements and quickly set up appointments to for us to view apartments. Each of the apartment we visited had been prescreened by you to ensure it met our requirements. On just the second day of viewing properties, you found us the perfect apartment!
Neil, the service we received was always prompt. I can also say that your service exceeded the customer service levels we have experienced in the United States.
Thank you again Neil for all your help. Please share with your boss we are very happy with your service and our apartment. Craig and I would not hesitate to recommend others use Newport if they are looking for a property in Shanghai.
We wish you much success in the future!
January 21, 2008
We were both living in Puxi (Xujiahui) and with the assistance and professionalism from Newport they found us a lovely apartment in a great area that was close to my partners work, transportation, amenities were all in close proximity also.
Newport arranged the Removals, Transportation, Negotiations and even every small detail that we required for the apartment. Their Customer Service - before/after is great. Quick response and attentive.
So thanks to Newport and their wonderful staff, we are now living comfortably, happy and have made the apartment our home at last!
Thank you!
November 06, 2007
Our compound, Xing Guo Garden, is made up of various low rise buildings, each housing a maximum of six families. The construction is new but the architecture is classic and elegant. Beautiful buildings with modern facilities, the best of both worlds!
The grounds and garden are impeccably kept and the guard men at the door provide an irreproachable service; I am simply not allowed to go and get myself a taxi in the rain, they will keep me indoors and bring the "chu zu che" to my door.
October 15, 2007
I appreciate the help that Alex, Andy, Cindy, Martin and the rest of the team at Newport gave me. It was more like a friendship than a business relationship.
My husband was so pleased that he is using NewPort for all of his staff that will move to Shanghai.
April 05, 2007
Ernst & Young LLP
March 27, 2007
Newport helped us make the move with the minimum disruption. With their experience in Shanghai we would recommend Newport to anyone contemplating a move to or in Shanghai.
Javelin Investments Co.(China) Ltd
March 14, 2007
Simon Murray & Co.(China) Ltd
March 07, 2007
FedEx Express Legal Department
January 04, 2007
My wife and I will recommend unreservedly to any of our friends who may happen to be in Shanghai and search for a property to settle down in Shanghai.
Many thanks to NewPort Real Estate for their kind help.
ARUP
November 20, 2006
The Consulate General of Malaysia, Shanghai
September 20, 2006
As you know, the Consulate General of Malaysia has used many different real estate agencies in assisting diplomats to conduct home search in Shanghai, and the experience with you is by far the smoothest, best working and most pleasant experience to date -- and largely due to your efforts.
You were present at the inspections and your advice was very helpful. When I visited various properties you were right there helping me with the decision by analyzing the pros and cons. Your advice was absolutely essential and was extremely helpful. You were always available for questions and always responded quickly to my calls.
In finalizing the offer, you helped me make certain that I had made all reasonable requests and all the tasks were done in time, which was so very impressing. You figuratively held my hand throughout the entire moving process and I am very grateful. I just love my new home and it suits me perfectly. By the way, I really appreciate the compass you left in the praying room, you were so thoughtful.
I also want to thank you and your after sales team for the extraordinary after sales services in following up with several problems with the property. I have never came across any real estate agency who has stayed involved throughout the process and resolve all the post moving issues associated with the property within 24 hours.
Your years of experience in Real Estate and professional industry gives you a high level of professionalism and the knowledge and expertise necessary for any transaction. You have a high level of integrity and strong client values making you very honorable and trustworthy. Add to that your charming, gracious and charitable personalities and that is a winning combination.
I would highly recommend you to anyone!!
Consulate General of Malaysia, Shanghai
September 19, 2006
Shanghai Community International School
August 13, 2006
Michael Page International
August 06, 2006
And the service after relocating is great too... We strongly recommend to give them the chance to serve you!
Sofima Automotive Filter
June 21, 2006
April 21, 2006
Ernst & Young
March 15, 2006
Wachovia Securities
February 09, 2006
Mercer Consulting
January 13, 2006












