Shanghai has the lowest demand in all tier-1 cities in China. It is reflected in its relatively low prices/rent compared with Beijing and Shenzhen. The yield i

Shanghai has the lowest demand in all tier-1 cities in China. It is reflected in its relatively low prices/rent compared with Beijing and Shenzhen. The yield is pretty much the same: each ￥10m RMB generating only 10-12k RMB rent per month (with properties that have fancy reno excluded).