5 most exclusive Shanghai areas for buying luxury properties
Prices of homes in prestigious areas of city once called Paris of the East, such as The Bund, Pudong and former French Concession, match those of Hong Kong
Shanghai has the ritziest properties in mainland China with prices matching those of Hong Kong’s.
While The Peak and Mid-Levels are associated with luxury properties in Hong Kong, Shanghai has the Bund, Pudong, and areas around the former French Concession, where the rich and international jet set live.
Here are the five most exclusive places to live and buy luxury properties in a city once known as the Paris of the East.
1. The Bund
Prices range from 25 million yuan (US$3.94 million) to 45 million yuan
Shanghai’s renowned waterfront has houses with a mix of Gothic, art-deco and beaux-arts architecture.
The commercial and residential houses on the waterfront were built as part of the Shanghai International Settlement run by the British and Americans.
The atmosphere of colonial-era luxury has endured and can now found in the five-star hotels, luxury brand boutique developments and expensive restaurants within the historic buildings.
