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| Shanghai housing - A complete guide |
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Brief introduction
Shanghai is cut into two major parts – Puxi (the west part) and Pudong (the east part) – by its mother Huangpu River.
As with other big cities, Shanghai is also divided into several districts. Downtown area, which consists of five districts, lies in the center of the city.
As an international hub, Shanghai attracts myriads of foreigners every year, contributing to a local housing market boom and adding vitality and business opportunities to the city.
Many newcomers fall in love with the city instantly when they see its tree-lined streets, low-rise European-style architecture and innumerable skyscrapers towering everywhere in the city.
Shanghai is obviously able to offer comfortable housing for people who can afford it. To hold more and more migrants, Shanghai -- famous for its old houses -- has new properties built every year, which offer a wide range of housing types.
According to state policies, foreigners are not allowed to buy homes or apartments in China until they've been here at least a year. Overseas institutions and individuals that want to purchase property for purposes other than their own use must set up a company in China.
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