Shanghai, China - Peoples Republic of
RESIDENT LOOKS FROM THE TOP OF HIS HOUSE IN SHANGHAI.
A resident looks from his soon-to-be-demolished house to give way to a new project in Shanghai February 16, 2004. Robust housing demand in Shanghai will help sustain a price boom over the next five years, despite concerns that a bubble looms in the high-end segment, industry experts said. Shanghai housing prices rose about 25 percent in 2003, versus a gain of 13 percent in 2002, according to the official Shanghai Property Exchange Center. REUTERS/Claro Cortes IV CC/DL