[photopress:Shanhai_property.jpg,full,alignright]Despite isolated items of despondency (see following item) investment in real estate development in Shanghai reached 72.682 billion yuan (US$9 billion) in the first seven months of this year. Which is an increase of 4.5 per cent year on year which is a very bouyant market.
A report states that, in response to the requirement made by the central government on screening and rectifying projects which have just started construction in various localities of the country, Shanghai has carried out all-round verification and screening of its more than 1,000 projects each with planned investment of more than 100 million yuan.
Source: Property Report