Shanghaiist thought the name of Tomson Riviera looked familiar, because we posted about it a couple of months ago, when part of its construction site caught on fire. Turns out after that, some people felt the fengshui there wasn’t too great, and the government’s attempts to cool the real estate industry haven’t helped. We recently found some facts and figures about the place that we’d thought we’d share with you:
Spanning over an area of 20,000 sq m, the four-block Tomson Riviera condominium consists of two 40-storey and two 44-storey towers. Each unit is between 434 sq m and 1,200 sq m, priced at RMB 80,000 to RMB 150,000 per sq m – reputed to be the most expensive in Shanghai.
The next most expensive in Shanghai are those places by Xintiandi, which only cost 58,000 RMB per square meter — but we wouldn’t be caught dead in a place like that! According to this report (in Chinese), the prices of these residences range from a modest 39 million RMB to 190 million RMB. To buy one of these you also have to prove your assets total over 40 million RMB. One possibility is to make 40 million RMB, show them the proof, pay 39 million for the cheapest place, pay the monthly fees and eat instant noodles for the rest of your life with the remaining 1 million. Here’s yet another way of looking at it — Shanghaiist used to live in an apartment in Jing’an district that cost us 1,000 RMB a month. At that rate, our 40 million RMB would allow us to live, completely rent-free, for over three thousand years!