Shanghai has lots of high rises; well, they are mostly 30 story apartment buildings that can be reliably built with concrete and unskilled labor. Yet, there is a lot of speculation market in the China so prices are still high even if supply expands (and many apartments are empty because they are just being used as speculative investments). One of the reason I didn't look at Shanghai was commute times (Microsoft's Shanghai office is in the boonies vs. Beijing where the office is at least inside the 4th ring rood).
Shanghai has lots of high rises; well, they are mostly 30 story apartment buildings that can be reliably built with concrete and unskilled labor. Yet, there is a lot of speculation market in the China so prices are still high even if supply expands (and many apartments are empty because they are just being used as speculative investments). One of the reason I didn't look at Shanghai was commute times (Microsoft's Shanghai office is in the boonies vs. Beijing where the office is at least inside the 4th ring rood).