Rich guy (or girl) buys a lot of Shanghai apartments

Monopoly-Man.jpgShanghaiist is sure your eyes glaze over, like ours do, when we hear of a celebrity buying a house worth several million dollars. Or maybe they don't, because you're rich, in which case we hate you. Still, some things manage to really shock and awe us. Some "Middle Eastern" person, with the help of Gateway Capital, just bought some apartments where the average price was 40,000 yuan per square meter. So what, you ask? Well, it's not that they just bought one for them, and one for the kids -- they bought 102 apartments, worth about 600 million yuan. It's not uncommon for corporations or groups to buy large swaths of property, but according to this report (in Chinese), this was an individual, though it doesn't disclose anything about his/her identity.

Email This Entry


Post a comment (Comment Policy)

Personals

Enter our FREE personals site!

Tips

About Shanghaiist

Shanghaiist is a website about Shanghai, China.

Editor: Elaine Chow
Founding Editor: Dan Washburn
Publisher: Gothamist

About | Advertising | Archives | Arts/Entertainment | Calendar | Contact | Contribute | Facebook | Favorites | Feedburner | Food/Drink | Jobs | Mobile | News | Other | Personals | Popular | RSS | Staff | Top Users | Twitter | Write For Us


Shanghaiist Direct

Too busy to check the site? Receive a daily email with links to all Shanghaiist posts from the previous 24 hours.

Enter your email


Recent Comments

Contribute

Latest Tip:

Can't use non-GFW Opera Mini for mobile browsing anymore - forced upgrade to Chinese language harmon
[more]

Latest Photo:

Subscribe

Use an RSS reader to stay up to date with the latest news and posts from Shanghaiist.

All Our RSS