Since Shanghai 's 12th and 13th metro lines opened a few week ago providing transport from the city to the suburbs , the property prices in the area have increased by 20 % . Suburban areas such as dong and Jiading , which are now connected to the city directly by the metro lines , have seen property prices increase from ¥ 40,000 per square meters to ¥ 43,000 in the past month . , driven by demand . The People 's Bank of China 's decision to lower the interest rates on five - year loans from 6.15 % to 4.9 % , has supported demand . It remains to be seen whether Shanghai 's metro , which has ten new projects planned before 2020 , will spur further increases in property prices .
Since Shanghai's 12th and 13th metro lines opened a few week ago providing transport form the city to the suburbs, the property prices in the area have increased by 20%. Suburban areas such as Minhang and Jiading, which are now connected to the city centre by the metro lines, have seen property prices increase from ¥40,000 per square meters to ¥43,000 in the past month., driven by demand. The People's Bank of China's decision to lower the interest rates on five-year loans from 6.15% to 4.9%, has supported demand. It remains to be seen whether Shanghai's metro, which has ten new projects planned before 2020, will spur further increases in property prices.