http://sh.focus.cn/
From this website, I see the low end 100-200mm apt in JingAn districk rent is 6000/mon, comparable selling price is 2,750,000, give you an annual rent to price ration 2.6%.
I would say in U.S., the average annual rent / price ration 5-6%, looks like ShangHai price is 100% overpriced.
Given the Chinese/Asian culture difference, let's give it a 20% premium, still 30% overpriced.
No research on HongKon&Tokyo rent/sales ratio, any fellow cool headed RE investor has the info?
上海的房市是变态 !!!
所有跟帖:
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在一个地方呆惯了,看到别的地方不一样的都觉得变态。
-屋漏痕-
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11/05/2007 postreply
11:51:47
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上海静安区这个位置相当于纽约中央公园西一带
-新投手-
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11/05/2007 postreply
12:01:44
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Central Park Apt also rents 15X of 6000RMB, LOL
-SZHOU888-
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11/05/2007 postreply
12:40:44
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NYC住那儿的家庭收入好象是 $50W+ 哈?上海是....
-mnosense-
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11/05/2007 postreply
14:30:39
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上海住那儿的家庭收入will be $50W+, it's only 50 SQ miles
-2526-
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11/05/2007 postreply
15:03:09
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有那么高?我怎么不知道。。。你住过纽约吗
-tommie22-
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11/05/2007 postreply
15:13:42
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买不起就别叫,哈哈。。。去松江嘉定呗,再不行,崇明岛也行
-tommie22-
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11/05/2007 postreply
14:15:47
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I'll let u play the 2% game, why settle for 2% when u can get 5%
-SZHOU888-
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11/05/2007 postreply
19:48:36