Shanghai's property rental prices surge

The rental prices for low, medium and high-end apartments in Shanghai have all surged, according to a report recently released by the Shanghai Property Rental Index Office (SHRIO).The property rental index in Shanghai stood at 1,276 in February 2011, 15 points or more than 1 percent higher than a month earlier. The growth rate is 1 percentage point higher than that of January. According to the report, the property rental market became brisk much earlier after the Spring Festival

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