Local residents applauds building medium-size
apartment
Housing developers in Shanghai are expected to build more appropriate sized apartments to meet the local increasing demands, according to a latest market research.
The research showed that apartments with 50 by 70 square meters and valued at 200,000 yuan-300,000 yuan are most favored by the local young residents aged between 25
to 30.
The buyers with high education background and desire to live a free single life cannot afford larger apartment due to his financial status.
They are allowed to pay a small sum of initiate capital and finish the rest by monthly installments.
Shanghai housing developers are blamed for their retarded response to the lucrative market, insiders said.
Good quality of the houses and considerate services are also what the buyers expect for their new nest, officials said.
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