Talk the People Live Situation in Shanghai

First, let me give you some data. In Shanghai downtown average apartments price is ￥ 40,000 CNY per square meter. In French Concession, Xiujiahui and Jiangan Temple area, the price is above ￥60,000 CNY per square meter. In Pudong Lujiazui area, there are some super expensive apartments from ￥180,000 CNY to ￥300,000 CNY per square meter. And these apartments are very big, could be 500 or 300 square meters per apartment. That’s really too expensive.

Let's the 2012 world wide national average per person GDP: 1, Luxembourg  $122,272 USD  2,Qatar $97,967 USD 3, Norway $96,591 USD ... 15, USA $48,147 USD ...87,CHINA $5,432 USD...

Here we have a question. These so expensive apartments who come to buy them since the personal GDP is such lower in China? Most the wealthy people are merchants. As we know Shanghai, Jiangsu and Zhejiang provinces form an economy triangle. So, most of them come from Jiangsu and Zhejiang provinces, did business quite well, gather much money. They don’t know what to do, just buy m0any apartments, fancy cars. They may have many apartments, but one family only needs one apartment, so rent out the rest and make money every month. That is also very good business in Shanghai.

What do the local people do? Local people usually do not as rich as the merchants. They can’t afford the expensive apartments as well. But they got good location, and good luck. If someday, government or real estate companies want to use their land, they become rich soon. So they have good apartment, good cars. That’s a great opportunity.

What do the common people do? Common people usually are young people, like the people who come to Shanghai alone, work here, look for good luck here. But life is hard for them. They most share apartments for years, after that, may be they get good luck and buy an apartment. If not they only rent apartment until the end or back to hometown.

What do the foreigners do? As we know there are 300,000foreigners live or work here. That’s a huge number. As I know foreigners don’t like to buy an apartment whatever. They come here just for work, look for money. One day, finally they will back to their own countries, and buy an apartment there. Just very little people can live for the whole lives. Some foreigners they belong to the common person, their lives also very hard. Some foreigners they become the merchants rank, their company did everything for them. They just come here to work or in another word to enjoy their lives. Finally companies can’t afford the expensive cost anymore, and send them back to their own countries. But there are also some foreign merchant, they may do the real estate investment, that’s different from living.

Anyway, let us go to fight, this is the big city where we live.

All the above words are only my personal views according my experience.