The housing price in China is rising like crazy recent years, not to mention Shanghai. Majority of cities have treble price compare with few years ago. All the people realized that big bubble within real estate, purchase housing volume is decrease year by year, people could not afford the high price. In reality ,Government intervene in the crazy tendency in order to slow down the housing price increasing.
I am in Shanghai now, according to what I saw, the housing price where is relatively centre area is around 20K RMB per sq, suburb area's price is around 10K RMB . Of course, Shanghai is definitely wealth in China, and indeed many wealthy there, yet, majority is ordinary people like me.
I dont know how much salary each calling and position, yet i know that when u just graduate hold bachelor and get an offer in Shanghai, u have to be feel exciting if u got 3k RMB salary per month, of course, u have prominent specialistic skills, u can got a much more high salary. After several years, ultimately, u get an enviable salary which is around 10kRMB per month, consider the housing price, u also think u r a poor man.LOL. ya! 10kRMB is definitely an enviable salary in China.
BTW, many Shanghai native old generation have 2 or 3 or more houses , they just rent their spare house and draw big money in, and the SH young generation also easily have their own house by their parents.