Shanghai real estate market has experienced a robust growth since 1990s except a few downturns including the 1999 and 2005 dips. Shanghai is generally considered to be a better performer in keeping its pricing during downtime, but Shanghai property sales had also experienced a significant decline during the second half of 2008. Shanghai, however, begins to show signs of improvement and seems to lead this sector to stabilization. Although with declining prices from the peak, it has shown an impressive rebound in new and exiting home sales. The government’s 4 trillion yuan, or $585 billion, stimulus plan will help mobilize private-sector investment in sectors such as real estate, although it relies mostly on government-led infrastructure investment. Given the high housing inventory level in most cities, a rebound in trading volume by no means means an instant price catch up. Time will be needed for adjustment for the real estate industry. Investors and home buyers are never too far away. After a period of waiting and observing, some start to see opportunities and dive in this market. Real estate is key to revival of the world’s third largest economy. Shanghai, China’s largest city and the eighth largest city in the world with several thousands of skyscrapers and its distinguished architecture, is in particular, the source of consumer confidence. A decline in Shanghai represents major instability in the national and global markets, and tends to create negative ripple effects.

Regardless of the current economic slowdown, the Shanghai banking regulator reinforced the second home requirement rule, reiterating that buyers must put at least a 40% down payment for purchasing a second home. This shows government’s disciplined approach in stimulating the real estate market. In general, the government makes lands available for sale primarily through auctions. The companies that purchase the lands will be responsible for building properties and selling the properties to the public. The residents will hold seventy year long property ownership.

Under the current policies, foreigners are entitled to one property if they have worked and lived in Shanghai for at least a year. Besides the residency requirement, they must purchase property only for their own use and can not lease it to others. Shanghai property transaction centers can make up own rules on trading on the basis of these policies, according to Shanghai Municipal Housing, Land and Resource Administration Bureau, and rules and implementation time could vary by district. Restrictions that were imposed on foreign investors from investing in the first tier cities like Shanghai have not been released, but real estate opportunities in the second and third tier cities or Shanghai nearby cities such as Hangzhou, Suzhou, Wuxi, are either open, or not as restricted. One thing to note is that overseas institutions and individuals that have set up a company in China may purchase property for purposes other than their own use. Regardless of economic and market conditions, Shanghai, with its unique historical background, rich cultures and vibrant growth, continues to attract people from all over the country and all over the world.

Shanghai is the largest city of the Peoples Republic of China and the seventh largest in the world. The Huangpu River separates the old and new Shanghai, with the historic Bund promenade on one side and the futuristic Pudong New Area on the other. The Old Town contains some cultural delights, such as the Yuyuan Gardens and Bazaar, while Renmin Square is the focus of the cities Communist tradition, the site of many a protest and home to the Shanghai Government.

Originally, Shanghai was a seaside fishing village and in time its gradual development led to it being granted County status in 1291. Todays Shanghai is a multi cultural metropolis with both modern and traditional Chinese features. Bubbling Shanghai shows off every aspect of her unique glamour. Widely regarded as the citadel of China modern economy, the city also serves as one of the nations most important cultural, commercial, financial, industrial and communications centres.

A city government that has not been too narrowly focused on commerce to neglect wider urban planning issues and the result is one of China most elegant cities and certainly its most sophisticated and cosmopolitan. The annual Shanghai Tourist Festival offers a huge amount of traditional and not so traditional entertainment at venues across the city, and also incorporates the Shanghai shopping festival. Theres much hype around town at the time and plenty of opportunity to pick up details of all the events.

Shanghai is not only a large and rapidly developing city but also has a long and majestic history. You should not miss visiting the exhilarating skyscrapers and modern parks of Pudong, taking a walk along the historical Bund or shopping for bargains on Nanjing road or in the many markets such as Huaihai road market. Yuyuan gardens is also considered as a cultural heart of Shanghai, with wonderful architecture and the entire snack food and bar atmosphere you could want.

Shanghai has an extremely wide range of accommodation available to visitors. Shanghai people have a sweet tooth and more sugar is used than in any other part of China. The winters can be very cold and temperatures often drop well below zero. In contrast, the summers tend to be hot and humid. The best time to visit is autumn or spring. Whether you’re in Shanghai for business or pleasure, make sure you visit a few of the charming places the Pearl of the East has to offer.