Shanghai Real Estate

Shanghai, the most well known city of China exerts influence over commerce, finance, culture, art, fashion, research and entertainment. Indeed it is often considered the center of finance and trade in mainland China. Over the last few years, the residential real estate market also expanded phenomenally in Shanghai. The Chinese free trade policy has encouraged many over seas companies to start their business in Shanghai. This has prompted many expatriates to reside in this city. Another important factor that contributed to growth of Shanghai real estate is the increase in average salaries of Chinese middle income group.

Shanghai real estate market has seen a great boom over the years. The eastern district on PuDong has many newly built properties, crafted with a Western style of living. Big shopping malls, restaurants, county clubs and sports centers have been built to cater to the new group of expats with a typical westernized lifestyle. The area of PuDong is also preferred by families with school going children due to the presence of reputed educational institutions.

Residential property in suburbs of Shanghai mainly comprises of flats in high rise apartments. However there are some well furnished villas available too, if you are willing to pay a little extra price. Broadly speaking, Shanghai real estate is categorized into three main types : - Old Shanghai property, New Shanghai property and Shanghai service apartments. Each of these is unique considering the style of building, environment and facilities.

You will find Old Shanghai properties in the Former French Concession Area, Xintiandi and Jing'an Temple area. There are big gardens in the back yard of most houses and they are located close to few commercial businesses districts. Some other typical features of old Shanghai houses are: well adorned fireplaces, working chimneys, antique wooden furniture, authentic light fixtures and window frames. New Shanghai property exists in PuDong, Zhudi Town area, Green City Area and Zhingjiang High-tech Park area. The self serviced apartments are often rented by those who may be staying on temporary basis in Shanghai but need a well furnished apartment in strategic business areas.

For the best Shanghai properties, New Port Real Estate gives you a wide choice of villas and apartments to choose from. We regularly update our website for the available property listings in preferred living districts of Shanghai. You may filter and short list the property as per rent, property type, number of rooms to select the best option.

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