Re:Chongqing, the Largest City – In Pictures
by markus_zhang on Sunday April 27, 2025 @07:02AM
(#43811018)
Cost/income is a good ratio. The megacities (Shanghai, Shenzhen etc.) probably have a ratio similar to New York.
Just from top of my head as I left Shanghai 10 years ago, a typical condo in Shanghai could cost over 5 million yuan (urban but definitely not core city), while a salary of 300k pre-tax is considered as a good salary.
On the other side, housing is affordable for locals -- locals usually got very generous compensation from the demolition of their original home.
Just from top of my head as I left Shanghai 10 years ago, a typical condo in Shanghai could cost over 5 million yuan (urban but definitely not core city), while a salary of 300k pre-tax is considered as a good salary.
On the other side, housing is affordable for locals -- locals usually got very generous compensation from the demolition of their original home.