A new wave of real estate development has hit Shanghai, spurred by the central government's new emphasis on housing as its economic growth engine.
In the past few months, the city has drawn up a series of new policies aimed at increasing investment and revitalising its sluggish property market.
The policies, which were piloted in the Pudong New Area last month, include allowing non-Shanghainese to acquire properties and cutting property-related fees to boost sales.
Wang Xiaoguang , divisional vice-director at the Shanghai housing and land administration bureau, said the latest development reflected a change in Shanghai's investment strategy.
'Before, we used land to attract investments. Now we use properties,' he said.
Non-Shanghainese buying properties in the city would be entitled to a 'blue card' - that is, a temporary residence permit.