【House prices in Chongming Island, Shanghai】Exploring House Prices in Chongming Island, Shanghai

Shanghai, the largest city in China, has a diverse range of real estate options for investors and homebuyers alike. One such option is Chongming Island, located in the north of Shanghai. In this article, we will take a closer look at the current state of house prices in Chongming Island, Shanghai.

The Ups and Downs of House Prices in Chongming Island

Chongming Island is a unique area in Shanghai, known for its natural beauty and ecological resources. It is surrounded by the Yangtze River and is home to a variety of wetlands, forests, and wildlife. However, its unique features have also affected its real estate market.

In recent years, house prices in Chongming Island have experienced both ups and downs. According to data from the Shanghai Real Estate Trading Center, the average price of new homes in Chongming Island reached a peak of CNY 21,310 per square meter in March 2018. However, due to a variety of factors such as government regulations and market factors, prices have since declined. As of June 2021, the average price of new homes in Chongming Island is CNY 16,000 per square meter, a decrease of almost 25% from the peak in 2018.

Factors Affecting House Prices in Chongming Island

Several factors have contributed to the fluctuations in house prices in Chongming Island. One of the primary factors is government policies. In recent years, the Shanghai government has implemented several measures to cool down the real estate market, such as limiting the number of properties that can be purchased and increasing down payment requirements. These policies have had a significant impact on the real estate market in Chongming Island, as well as in other areas of Shanghai.

Another factor that has affected house prices in Chongming Island is the overall economic climate. The COVID-19 pandemic has caused economic uncertainty and volatility, which has impacted the real estate market in China. Additionally, the opening of new transportation infrastructure, such as the Shanghai-Chongming-Qidong Bridge, has also influenced the real estate market in the area.

Shanghai is one of the world’s largest cities, with a population of more than 24 million. As such, it is no surprise that the city’s real estate market is one of the most active and dynamic in the world. Chongming Island, located at the mouth of the Yangtze River, is one of the city’s most popular residential areas. In this article, we will discuss the current state of house prices in Chongming Island.

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The Current State of House Prices in Chongming Island

As of 2021, the average price of a house in Chongming Island is around CNY 12,000 per square meter. This is a significant increase compared to the previous year, when the average price was around CNY 10,000 per square meter. The rise in price can be attributed to several factors, including the island’s scenic location and the city’s booming economy.

Factors Affecting House Prices in Chongming Island

As mentioned earlier, the scenic location of Chongming Island is a significant factor in determining house prices. The island is surrounded by water on all sides, making it an ideal location for those who enjoy the outdoors. Additionally, the island’s proximity to Shanghai also makes it an attractive location for those who work in the city but prefer a quieter lifestyle.

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Another factor that affects house prices in Chongming Island is the city’s booming economy. Many people are moving to Shanghai in search of better job opportunities, and Chongming Island provides a much-needed respite from the hustle and bustle of the city.

Future Outlook for House Prices in Chongming Island

Experts predict that house prices in Chongming Island will continue to rise in the coming years. As the city’s economy continues to grow, more and more people will be looking for a peaceful place to call home. Additionally, the government’s plans to develop the island’s infrastructure will also contribute to the increase in house prices.


Chongming Island is a beautiful and peaceful location that offers a respite from the hustle and bustle of Shanghai. However, as the city’s economy continues to grow, house prices in the island are likely to continue to rise. If you are looking to invest in the Shanghai real estate market, Chongming Island is definitely worth considering.

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