If You're Outsourcing Your House
Few cities can compare with New York, realty-wise, but Shanghai comes close. Residents of the fast-evolving Chinese metropolis have seen stunning run-ups in property values—30 percent per year since 2002, according to BusinessWeek—and heard the steady drone of construction. (Sound familiar?) Perhaps predictably, Shanghai buyers have also been hearing the dreaded B-word, and now many in town are saying the bubble has popped. Nevertheless, you still get a bargain compared with Manhattan; for the price of a two-bedroom co-op here, buyers can speculate on real estate (and pretty much anything else) in a very nice six-bedroom condo.
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(Photo: Courtesy of Corcoran) |
300 East 59th Street, Apt. 2101
The Facts: Two-bedroom, two-bath, 1,250-square-foot co-op.
Asking Price: $1.085 million.
Maintenance: $1,800 per month.
Agent: Barbara M. Sagan, the Corcoran Group.
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(Photo: Courtesy of Century 21) |
Shanghai, China
The Facts: Six-bedroom, four- bath condo near the Huangpujiang River.
Asking Price: $1.085 million.
Agent: Sophine Hung, Century 21 NY Metro.
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