Originally Posted by
moondog
Shanghai rent yields are among the worst on the planet. My place is worth $700,000, and my rent is $600... that's .05% per year! The ONLY reason to buy apartments in Shanghai is anticipated appreciation.
That's why they would never finish off the shells. Just let them sit.
The apartment was built six years ago; colorful fliers from small businesses cover the walls of the building's hallways. It's just the skeleton of a living space, really; rooms with walls and uneven bare concrete floor and not much else — no appliances, no wooden flooring or carpeting, no usable toilet even.
June 23, 2013
Concrete Floors! No Working Toilet! Just $200K In Shanghai