Shanghai’s luxury real estate market is thriving despite China’s broader property downturn, with affluent buyers snapping up high-end homes in prime locations. A 30-year-old buyer, Linda Wang, exemplifies this trend, purchasing a $3.7 million home in Shanghai’s Xuhui district, her third property. On launch day, all 120 luxury units were sold within 30 minutes. Buyers are drawn to Shanghai’s financial hub status, the limited availability of premium residences, and the favorable pricing of new homes. Recent government measures, including lower down payment requirements and reduced mortgage rates, have further spurred demand. While Shanghai's market flourishes, property markets in other Chinese cities, including Beijing, struggle to revive transactions.