The price range of the property should start from RMB2.5 million upwards. If you think the Chinese are affected by the global economic downturn, think again. Lets not forget, the initial downpayment for the property is 30% of the selling price. With all the administrative and renovation fees thrown in, the Chinese people would easily need to stump up at least half of the selling price to own the property.

1 comment:
A contrary post on Shanghaiist to this one was done yesterday I think!
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