Shanghai’s luxury real estate market stands out amid China’s struggling property sector, with a $15 million penthouse and over 200 homes priced near $5 million selling out within hours of listing. Demand remains robust, particularly among wealthy Chinese from the Yangtze River Delta region, seeking secure investments amid economic uncertainties. Buyers view luxury properties favorably due to Shanghai’s financial hub status, limited supply, and discounts offered compared to existing options, highlighting a resilience not seen in other major Chinese cities.