Since Shanghai's 12th and 13th The People's Bank of China's 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 The People's Bank of China's, have seen property prices increase from ¥40,000 per square meters to ¥43,000 in the past month., driven by demand. metro lines 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.