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According to the property section of the ever glowing Shanghai Daily a Hong Kong investment group has signed a hundreds of millions of dollars deal to demolish an area of Shanghai’s diminishing supply of ‘old houses.’

The ‘Dazhongli’ plots in downtown Jing’an district are to get the chop and meet the bulldozers shovel, to be replaced by a ‘modern development.’ This is despite the government’s earlier pronouncement that all such developments are to be stopped – ‘unless they are necessary for the development of the world expo.’ There were also rumours that Beijing was getting annoyed with ‘big Shanghai’ which is developing too rapidly at the expense of other parts of the country.

The Shanghai Daily, the local party organ, coolly states ” The central government’s cooling measures didn’t stop well-funded overseas developers from expanding on the mainland.”

So where exactly are the Dazhongli plots?  This piece in the local media names all the streets.The map of the affected area is here.

Shanghai Eye has helpfully drawn a bit fat line around the area to be knocked down, mostly the area around the formerly ‘Shimen Yi Road’ subway, recently renamed ‘Nanjing Road West station.’ Now we know why they changed the name- Shimen Yi Road is going to be knocked down! Forward thinking there by our trusty local officials.
More, as it happens….