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- ♀ (292 bytes) () 05/16/2007 postreply 09:57:03

• 800k is not expensive compared to the market in Shanghai -renxiaomi- ♀ (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- ♀ (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- ♀ (234 bytes) () 05/16/2007 postreply 14:58:24