Jane Chen / Shanghai Daily news

Four mansions will rise to be Shanghai's most expensive property as its developer Tomson Group announced yesterday it will obtain a sales license for the project this week, today's Eastday.com reported.
Billed as the top luxury condos in the Lujiazui area, the Tomson Riviera project will carry a price tag of over 110,000 yuan (US$13,597) per square meter on average, a Tomson spokesperson revealed.
The project, located at X4-2 area in Lujiazui Finance and Trade Zone, coves 20,000 square meters of land, with 50.6 percent of green coverage.
It consists of four high-rise buildings, with two of 40-storeys and two of 44 storeys. The overall construction area totals 141,894 square meters.
Tomson will first market the apartments of a 44-story mansion, each with a floor-area of between 434 to 1,200 square meters and per-square-meter prices from 80,000 yuan to 140,000 yuan.
Responding to market suspicions that the high prices will drive away buyers amid the already sliding market, a sales person with Tomson put on a haughty air.
The representative, quoted by Eastday.com on condition of anonymity, said "Our project features top quality, ranging from the design to all building materials."  Because of that, the costs have multiplied.
Tomson started to show sample apartments to the public this week and most of the customers are foreigners, according to the group. It has not yet started overseas marketing  of the project.