Shanghai Luxury House Market
Zeppelin Real Estate Analysis Limited
following was abstracted-translated from a special report titled ¡§The
Shanghai Luxury House Market¡¨
September 2004 issue of CREIS (China Real Estate Index System), a
Chinese monthly real estate report on China markets, published by
a real estate data and research group in China. This summary is meant
only for convenient reference and readers are advised to refer to the
actual report for details and comprehensiveness.
we refer to the residential sector that largely contains the pricier homes
which are mostly detached, semi-detached, town or row houses located in the
city or neighboring suburbs of Shanghai. Since its development in the early
1990s, this luxury residential sector is now becoming more sophisticated and
= approximately 14,000,000 m2 of floor area in close to 48,000 units have
been built based on tracked projects. The rate of building has been on the
(similar to Floor Area Ratio in the USA)
around 0.34 based on 2003 projects.
= Detached 49%, Semi-detached / Duplexes 36%, Low-rise 12%, and Townhouse 3%
based on 2003 supply.
(Floor Area) Size Distribution
= Less than
200 m2 17%, 200-250 m2 20%, 250-300 m2 20%, 300-400m2 25%, 400-500 m2 10%,
and larger than 500m2 8% based on 2003 supply. The average size is
approximately 271 m2 or 2,923 ft2.
= the average is 5 rooms though the most expensive houses would offer 7 in
all. The living room generally ranges between 31-50 m2 while the master
bedroom generally ranges from 21-30 m2.
= 2-storey is typical and there are 3 storey ones as well. There have also
been ones that are 3 1/2 storey-high yet are these are becoming less popular
= aged between 35 to 45, and many are professionals and business executives.
= 73% of all luxury houses are priced and sold between the 1,500,000 Yuan to
5,000,000 Yuan range [8.30 Yuan = US$1.00] with the price per m2 floor area
ranging mostly between 5,000 Yuan / m2 to 15,000 Yuan / m2.
The article and/or content contained herein are for general reference only
and are not meant to substitute for proper professional advice and/or due
diligence. The author(s) and Zeppelin, including its staff, associates,
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