[Fun Facts about China] Housing market in Shanghai (2)

4, Just when you are thinking, "It's not so bad! Why not purchase property outside of city center and drive to work?" 
Driving to work may not be an option considering limited numbers of license plates available plus terrible traffic. In fact, it actually takes longer than simply taking the subway.

You ACTUALLY have a choice?!

• License Plate are sold in an online auction, but it is really more like a lottery because a upper limit of bidding price is set by the authority.
• License Plate sold for 12,931 USD in Sep/2015.  
• There's a 5.26% chance of getting your license plate.

5, Renting is a lot more affordable compared with buying. Since the rental market is highly unregulated, we can only have an estimate that Avg rent is close to $400/bedroom/month in city center.

<- Previous       Next ->

Page 1,2,3 of 3

Read More about China