Residents expect property to stay hot
( 2003-11-25 17:13) (China Daily)
Nearly half of all local
residents believe property prices will continue to rise in the near future,
according to a recent magazine survey, Shanghai Evening Post reports.
Among the respondents, 46.5 per cent think prices will continue to go up,
while 45.7 per cent believe prices will eventually peak but remain steady.
Many factors were cited in support of their enthusiasm, including the World
Expo in 2010, the renovation of the Huangpu riverfront, the development of new
towns in the suburbs and the construction of a bridge linking Shanghai with
Jiangsu via Chongming Island.
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