This is only the dough price of the apartment ( land auction price per square unit) , the bread price is expected to be 50% higher this above stated price.
This is only Hangzhou City, Shanghai will be 70-100% higher than Hangzhou.
This is RMB/spuare meters， exchange rate for USD is 6.33 RMB=1 USD.
What do you think ? largest bubble in real estate history since Tokyo ?