Investors are snapping up luxury homes in Shanghai in the 30 million yuan (US$4.2 million) plus range, as they expect super expensive homes in China’s commercial and financial hub to continue to buck the overall downward trend in the real estate market, according to market observers.
But the rosy performance of this segment alone was not enough to bail out the city’s embattled property sector and the wider industry, they added.
The recent buying euphoria was evident during the recent sale of Kerry Properties’ Jinling Residence.
 plus range, as they expect super expensive homes in China’s commercial and financial hub to continue to buck the overall downward trend in the real estate market, according to market observers.Investors are snapping up luxury homes in Shanghai in the 30 million yuan (US$4.2 million) plus range, as they expect super expensive homes in China’s commercial and financial hub to continue to buck the overall downward trend in the real estate market, according to market observers.){kind=link}