While China continues to rise as an economy at a blistering pace, it will soon take over the world as a new industrial and other outsourcing destination. And you wish to set up a business in the country anytime soon and check out the property rates for luxury villas there. Well, if your destination is Shanghai, do pay a visit to Yinliu Road in Zhangjiang, where luxury villas are priced as much as $20,385 per square meter! It is reported that currently, this is almost twice the average price per square meter in Manhattan.
The latest villa was sold earlier this week at that staggering asking rate of $20,385, which translates to 138,214 Yuan per square meter. If you want one for yourself, you better hurry because only 18 of these villas measure between 494 square meters and 669 square meters.