Wendy Zhang/ Shanghai Daily news

The high-flying housing prices in Shanghai have made it popular for newlyweds to purchase homes with help from both of their parents, today's Shanghai Evening Post reported.
Over 80 percent of newlyweds have bought homes with support from their parents.
Parents of both brides and bridegrooms usually give down payments for homes for their children, and the newlyweds pay the monthly mortgage.
Local newlyweds can afford the monthly mortgages, but cannot afford the down payments which usually account for at least 30 percent of the price of the home, said an industry analyst.
According to a survey of 147 homes for newlyweds, just over half of the parents pay the down payments, while one third of the couples pay the down payment themselves.
Zhao Xiaopeng came to Shanghai with his wife after graduating from non-local universities. The couple, with a monthly income of between 5,000 and 10,000 yuan (US$602 - US$1,200), bought a used apartment for 400,000 yuan with 30 percent paid by their parents as the down payment and the rest paid with mortgages.
Seventy percent of newlyweds, mainly native Shanghaiese, choose to live with their parents. Living with parents can save time when doing housework, and parents can also help raise the children, said a local newlywed, adding that they will buy home of their own when their can afford to in the future.