shangahi appartments cost average
An apartment in Shanghai's central and upmarket Pudong neighborhood has sold for a record 220,000 yuan (US$35,000) per square meter, Taiwanese news site Want China Times reports.The total price was 84 million yuan (US$13 million).ccording to the Shanghai Statistics Bureau the average salary for city residents in 2011 was approximately $8,357, compared to $56,400 in New York. China's housing prices have been going up for a long time, though there have been some signs of a slowdown. People are, somewhat understandably, worried about a bubble.