Foreigners keen on buying cheap houses in Shanghai
文章来源: 文章作者: 发布时间:2006-12-09 01:19 字体: [ ]  进入论坛
Chinanews, Shanghai, Dec. 8 – Foreigners who earn higher salaries than local residents in Shanghai are usually the main consumption group for luxury houses or villas1 in the city. Although property market in Shanghai has entered into a relatively2 stagnant3 period since last year, it hasn't dampened the enthusiasm of those foreigners who want to buy a house of their own in Shanghai. Most foreigners are more like local residents now in that they are more shrewd with their money and want to look for some really “cheap” houses.


Mr. Sifan, from Germany, has been working in Shanghai for four years. He earns about 10,000 US dollars a month and always wants to settle down in Shanghai. He said that although there are plenty of houses in Gubei district, where he now lives by renting a house, most of them are costly4 since the housing prices there have gone up for a period of time. These houses are sold at 20,000 yuan per square meter, which is “not cheap” at all. So he turns his attention to the neighboring regions outside the city.


“My present house was sold to me at only 4,000 yuan per square meter. Management services here are as good as those in villas. The house has 200 square meters and I only paid less than one million yuan for it,” he happily introduced to this reporter about his newly bought house in Kunshan, a town close to Shanghai.


Although the location of the house is a little bit far away from Shanghai, still he can reach his office with 40-50 minutes’ drive, which is acceptable. To him, the house is not only good for living, he also can make investment in it.


When people like Sifan are keen on looking for a cheap house in neighboring regions outside Shanghai, most other foreigners are trying to find a house in the downtown area that might be sold at reasonable prices. And price has become a more and more important factor in their purchase. Some will go around to different places to compare the prices and others will take chance to slash5 prices with the sellers if they know that the sellers need cash immediately. Having sufficient money in hand and also wanting to buy a house, foreigners might still not pay for a house unless it is a good buy.


Information shows that in Shanghai, the proportion of the houses sold to foreigners is always increasing. Two years ago, such proportion already reached 5%. Although in recent years, Chinese government has issued some policies to constrain6 foreigners from buying houses in China, the housing market is still booming as many foreigners want to buy a house to settle down in Shanghai.



1 villas 00c79f9e4b7b15e308dee09215cc0427     
别墅,公馆( villa的名词复数 ); (城郊)住宅
  • Magnificent villas are found throughout Italy. 在意大利到处可看到豪华的别墅。
  • Rich men came down from wealthy Rome to build sea-side villas. 有钱人从富有的罗马来到这儿建造海滨别墅。
2 relatively bkqzS3     
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
3 stagnant iGgzj     
  • Due to low investment,industrial output has remained stagnant.由于投资少,工业生产一直停滞不前。
  • Their national economy is stagnant.他们的国家经济停滞不前。
4 costly 7zXxh     
  • It must be very costly to keep up a house like this.维修这么一幢房子一定很昂贵。
  • This dictionary is very useful,only it is a bit costly.这本词典很有用,左不过贵了些。
5 slash Hrsyq     
  • The shop plans to slash fur prices after Spring Festival.该店计划在春节之后把皮货降价。
  • Don't slash your horse in that cruel way.不要那样残忍地鞭打你的马。
6 constrain xpCzL     
  • She tried to constrain herself from a cough in class.上课时她竭力忍住不咳嗽。
  • The study will examine the factors which constrain local economic growth.这项研究将考查抑制当地经济发展的因素。