buying a flat in Shanghai

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?

所有跟帖: 

如果有余钱,又能帮助老人居住,就买吧 -这个不难- 给 这个不难 发送悄悄话 (292 bytes) () 05/16/2007 postreply 09:57:03

800k is not expensive compared to the market in Shanghai -renxiaomi- 给 renxiaomi 发送悄悄话 (0 bytes) () 05/16/2007 postreply 13:36:56

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- 给 一生有求 发送悄悄话 一生有求 的博客首页 (138 bytes) () 05/16/2007 postreply 14:09:24

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- 给 1/3 发送悄悄话 (234 bytes) () 05/16/2007 postreply 14:58:24

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