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Showing posts from May, 2020

Shimao Riviera in Shanghai Lujiazui

Constructed by Shimao Group, Shimao Riviera Garden is a large Lujiazui riverside deluxe neighborhood covering a land of 275,000 square meters with a total construction area of 0.8 million square meters. Right opposite to the prosperous Bund and comprising seven 49-to-55-story high deluxe apartments, it extends 1km along the bank of Huangpu River and will become a new landmark building full of characteristics of the times on the East Bank of Huangpu River. To fully use the rare river scenery resources, all main construction units are ranked in a line from north to south and in a shape of arc and well laid out to avoid blocking of sight which enables every household to face the river and enjoy beautiful scenery. The outside of the apartment is decorated together with light green glass wall and light-colored wall which establishes a steady foundation for the supreme grade of the riverside deluxe buildings in the neighborhood. Together with East Pearl Tower, Jinmao Building and

How to find a good real estate agent in Shanghai

UnlockShanghai.com just published a write-up about finding a good real estate agent or agency in Shanghai . We hope that following their tips you end up with us, but either way, wish you a smooth relocation to Shanghai . Here is what hey say: 1. Ask lots of questions and do not fall for sky-scraping promises Some expats make the mistake to pick the agent with the lowest price tags on their listings, believing that other agents charge a so-called “foreigner tax” and try to exploit unfamiliarity with the local property market. This is true, we get plenty of inquiries from expats who first tried their luck with a different agency that was far too aggressive in their marketing efforts and could not deliver on the prices they promised. 2. Ask for references   When an agent or agency has caught your attention through interesting property listings or a good service package, don’t stop there. Ask if they are able to provide reviews, or even contact to a former client who can give

Home sales recover, but are still behind last year

Shanghai’s housing market showed signs of recovery last month amid the release of pent-up demand. About 25,000 2nd hand residential properties changed hands in April, a month-over-month increase of 62 percent. On a year-on-year basis, the number fell 5%, Shanghai Homelink Real Estate Agency Co said in its monthly report yesterday. Existing homes worth a total 73.7 billion yuan (US$10.35 billion) were sold — a rise of 65 percent from the previous month but a 9 percent fall from April 2019. “Last month’s robust sales should be viewed as a sign of resilience of the market, which is still recovering its strength steadily,” said Yang Yulei, a senior analyst with Homelink. “On the price side, the market seemed to have achieved some stability.” Homes cost an average 38,593 RMB per square meter, which was almost unchanged compared to March.

KNOWING THE SHANGHAI HOUSING MARKET

Finding an apartment for rent in Shanghai can be hard. Local culture creates a preference for owning a home, which is a de-facto pre-requisite for marriage. The rental market is only a relatively small segment of the real estate industry in Shanghai. Since Shanghai is a migrant city, attracting Chinese and foreign talents alike, demand for good rental apartments is nevertheless high and attractive properties with a fair price tag rent out very fast, sometimes even within 24 hours. In order to successfully find an apartment that can be your true home away from home in Shanghai,  identifying your needs & requirements is necessary. Depending on your family situation, work or study place, interests, and available housing budget, different property types and locations are preferable. The Huangpu, Jing'an, Xuhui and Changning districts are the commercial and cultural center of Shanghai. Residential hotspots in this area are the former French Concession , Xintiandi , People'

HONG KONG LANDLORDS SQUEEZED AS RETAIL SALES FALL FOR 14TH MONTH

Statistics released this week show that consumer spending in Hong Kong fell for the fourteenth consecutive month during March, and the slide in shopping is already squeezing some of the city’s largest landlords. Link REIT, Wheelock Properties and other owners of shopping centres in the city have issued profit warnings in recent weeks, while the Hong Kong government has unveiled a HK$137.5 billion ($17.7 billion) stimulus package to prop up the local economy. With social distancing measures emptying the city’s shopping malls, investors in retail property have retreated from the market, with local real estate agency Centaline Commercial reporting total investment in shops of just HK$5.19 billion during April – down 71 percent from the  HK$17.92 billion recorded in the same month last year . Wheelock and Link REIT Sound the Alarm In a stock exchange announcement three days ago, Link REIT said that it would report a net loss for the year ending 31 March 2020 due to the impact of

Shanghai Green Court Apartments

Green Court in Shanghai was built in 2001,It is a high-end expatriate compound offering luxurious apartments. All apartments in Green Court feature spacious layouts and are well equipped. Since some of the apartments belong to private owners, their decorations and furnishings may vary. The estate's design is contemporary western with lovely tiling. The compound's green areas and walkways are wide and clean, and tenants enjoy outstanding clubhouse facilities.  Situated in Green City / Biyun, residents also enjoy convenient access to supermarkets, dining, international schools, and cafes. Overall the area is peaceful and secure, and one of the best areas for expats in Shanghai. 

EYES TURN TO CHINA FOR SIGNS OF ECONOMIC RECOVERY

After a mandated shutdown due to the COVID-19 pandemic, a small factory making fitness accessories in China’s Hunan province roused back to life in late February. New measures mandated the wearing of protective gear, like masks, but otherwise production was back on track. While much of the world contends with lockdown, China started easing restrictions on businesses and society at large when COVID-19 cases started to fall just over a month ago. And it’s not just the factories restarting. Workers are also returning to offices. Mobility between cities and provinces is resuming slowly, alongside domestic tourism. Shopping centers and restaurants are reopening – albeit within a strict social distancing framework. The road to a full recovery, according to experts, remains long and difficult. But there are signs of one emerging. “While heightened caution remains in place, evidence of a resumption of economic activity in specific sectors is providing insights into what the first gree

Relocation Support Shanghai China

At HAO Realty , we have built a strong 360° service package to help expats making the move to Shanghai. A relocation needs comprehensive preparation and expert-level knowledge to avoid negative surprises. HAO Realty can help you with: Visa & Immigration Do you need a Chinese visa, a residence/work permit or have any immigration related questions? We have you covered! For the past 10+ years, HAO Realty has supported MNEs and their foreign employees incl family members to obtain Chinese visa. Our in-house immigration team, along with our relocation consultants, make every step of your move a completely stress-free experience. Please send us a detailed enquiry about your Chinese immigration plans , so we have a better understanding how we can be of help. We will guide you every step of the way until you are fully settled in your new environment. Our history shows that HAO Realty proudly owns a record of immaculate service. Our visa and immigration services include but are not limit