Some estimates suggest about 17 million square meters of existing projects will be fall under the new rule change for flats converted from commercial use. The average unit size is thought to be about 100 square metres, and roughly 170,000 owners will be affected. Credit: Reuters

Thousands in despair after Shanghai’s order on converted apartments

Sudden decision on converted apartments built on land that was originally acquired for commercial or office used, leaves thousands in despair

Topic |   China property

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Some estimates suggest about 17 million square meters of existing projects will be fall under the new rule change for flats converted from commercial use. The average unit size is thought to be about 100 square metres, and roughly 170,000 owners will be affected. Credit: Reuters
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