Wendy Zhang/ Shanghai Daily news

Shanghai's housing prices have increased faster over the last two months, with an average price of 8,201 yuan (US$988) per square meter last month, up 8 percent from the previous month, the Shanghai Morning Post reported today.
Prices of properties between the city's mid and inner ring roads recorded the biggest increase of over 6 percent in September.
With housing inside the Inner Ring Road too expensive for buyers, properties between the city's mid and inner ring roads are considered the top choices, said an industry analyst. However, because of the strong demand, the average price of such properties has risen to nearly 10,000 yuan per square meter.
Prospective home buyers were taking a wait-and-see attitude in June and July this year, but as of August, the local real estate market began to flourish, with property prices on the rise, the analyst pointed out, adding that with the peak season for property sales expected to come by the year end, local housing prices will continue to increase if there are no new policies from the government.