Shanghai Apartment Sets Insane Price – Business Insider
An apartment in Shanghai’s central and upmarket Pudong neighborhood has sold for a record 220,000 yuan (US$35,000) per square meter, Taiwanese news site Want China Times reports.
The total price was 84 million yuan (US$13 million).
That’s a lot of money — but there’s more. Here, James Griffiths of Shanghaiist puts it in perspective: