A Taiwanese investor has rented three floors of one of the most prestigious edifices along Shanghai's legendary Bund for the breathtaking figure of 100,000 yuan per day.
One floor already houses an upscale Cantonese restaurant. A French restaurant and a music club will open on the remaining two floors before the end of the year.
A look at the upscale eatery's bill of fare will also take your breath away, if not your appetite. The Supreme Whale Shark's Fin set menu is a cool 1,280 yuan per person. Other set menus are in the 350- to 1,180-yuan per-person range.
In addition to a la carte items are sushi and sake bars.
'With this kind of rent, it must be really top class,' says Jessie Liu, manager of the Tan Wai Lou Restaurant. 'Otherwise you wouldn't make it.'
Bund 18, at 18 Zhongshan First Road East, will house four floors of high-end fashion boutiques and three floors of food and beverage outlets. Built in 1923, the building originally housed the Standard Chartered Bank.