It is becoming increasingly popular to buy new property in Shanghai - is this the safest investment option?
This is not the reason that people are buying new places. It is more likely that the popularity in buying new places is because of the great deals that people are negotiating, making huge savings if they are buying straight off the plan. Nevertheless, there are certain drawbacks to buying such a new property. Careful attention must be paid to the quality of the finished product, and the fact that these properties are offered "mao pei fang", meaning that they are not renovated and are merely the a concrete shell fitted with windows.
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