Exclusive not again to be found Old House Commercial Space for sale in downtown

by Shplace Connexxions

A once in a lifetime chance to invest in downtown Shanghai’s commercial Real Estate.
These couple of properties are in a central location nearby the Portman Ritz Carlton (5 min. walk),
are culturally protected historic buildings with huge spaces, large garden and a lot of history.

The Mansions, differing from 550sqm to 1400sqm each are planned to be officially going up for auction in spring or summer 2008.
Shplace’s superb inside connections are making it possible to claim the sites before the general public can.

Right now residential the city’s planning institute has decided that this is going to be commercial space and will move the residence early this year.
The Unit’s next and across from each other would make fantastic restaurant, hotel, shop and art spaces.

Each have direct access and visibilty from the streets.

Viewing can be scheduled in advance.
Price upon inquiry.

Know-How for purchasing an Old House or Colonial Apartment in Shanghai.

If you’re about to purchase an old Lane House, Garden House or Apartment in Shanghai there is a lot of regulations and restrictions for non-shanghainese, non-mainland chinese, and foreigners.
On this page we list the most important things that you have to have checked out and consider before putting any money done for an object.

The most common miss-understanding and restriction why most deals fail is that the House is not registered on an Owner Ship Certificate (产券 Chan Quan) but on a Usage Certificate (使用券 Shi Yong Quan).
The properties registered under a Usage Certificate (which was the standard and only certificate a while ago, and is the most common in old houses today) can only be purchased by shanghai locals.
In the late ninety’s the country offered a service to transfer the old houses and apartments Usage Certificates to Ownership Certificates for a 30k rmb fee (a lot of money at the time, considering most places didn’t cost more than this), and steady rose to a couple of Million Rmb.
By Now it’s impossible for most if not all Houses to transfer these into real Ownerships.
The Houses that have been transfered at the time are the old houses and flats that everyone can buy today.