Gu Jia/Shanghai Daily news

Second-hand housing with a total price below 800,000 yuan (US$96735.18) has become the first choice of young people, who are the main buyers in the local property market.
Statistics from the latest second-hand housing exhibition, cited on today's Eastday.com, indicate that over 33 percent of buyers are aged between 25 and 30.  Others, aged from 31 to 40, 41 to 50 and above 51, account for 25, 21 and 17 percent of the total respectively.
Over 76 percent of potential buyers prefer two-bedroom apartments, as "it's big enough for just-married couples or families with one child, and more manageable in terms of cost, comparatively speaking."
However, one percent of those interviewed during the exhibition were willing to buy housing priced above 1,200,000 yuan.
In addition, second-hand properties in Pudong and in Putuo District of Puxi are more popular among young people than those in other areas.