Show Navigation

China Shanghai Property

A view of densely pupulated apartment blocks in Shanghai, China on 14 February, 2011. While the latest introduction of property tax by the central government has yet to show its cooling effects on asset prices, it is providing extra impetus for rent increases in many Chinese cities, according to a survey conducted by China Youth Daily. In the survey, 81.6 per cent of the 4,060 respondents interviewed said they "are suffering from the increase in rents". Among them, 34.8 per cent said their quality of life has been "greatly affected by the increase".

Filename
QS110214Shanghai007.jpg
Copyright
Qilai Shen
Image Size
2014x2979 / 713.8KB
Contained in galleries
Qilai Shen - All pics
A view of densely pupulated apartment blocks in Shanghai, China on 14 February, 2011. While the latest introduction of property tax by the central government has yet to show its cooling effects on asset prices, it is providing extra impetus for rent increases in many Chinese cities, according to a survey conducted by China Youth Daily. In the survey, 81.6 per cent of the 4,060 respondents interviewed said they "are suffering from the increase in rents". Among them, 34.8 per cent said their quality of life has been "greatly affected by the increase".
Info