Part 4/10:
The luxury segment of Shanghai's real estate market has not been spared from this downturn. The once-coveted Thompson Riviera, an emblem of opulence, has suffered a 50% drop in price, now selling for 150,000 yuan per square meter from its peak of 300,000 yuan. High-end market dynamics have shifted radically, exposing an unstable sector as the economy slows and governmental policies tighten. Market participants are now left to question whether this downturn is a fleeting blip or a precursor to further property woes across this high-end segment.