My Dad wants to buy a flat in shanghai. The deeds will be my name. However I am not sure if it's worth.
This newbuild flat costs about 800KRMB. the leasehold period is only 70years. I was very shocked becasue I watched some TV program before. Any leasehold period shorter than 70 years is not recommended to buy.
Anybody knows shanghai property market situation. I haven't been home for 3 years. Is this 70 year good or just a con?
buying a flat in Shanghai
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如果有余钱,又能帮助老人居住,就买吧
-这个不难-
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05/16/2007 postreply
09:57:03
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800k is not expensive compared to the market in Shanghai
-renxiaomi-
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05/16/2007 postreply
13:36:56
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国内的房子都是70年的土地使用权, 80万的房子给老人住也是值得的啊
-一生有求-
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05/16/2007 postreply
14:09:24
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70年土地使用期是STANDTARD的,所以房子都一样,从造的时间开始算.
-1/3-
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05/16/2007 postreply
14:58:24