Rachel Hou / Shanghai Daily news

Token advances have been paid to purchase eleven magnificent villas, still under construction and each worth more than US$10 million, today's Shanghai Times reported.
Located in the Hongqiao Economy Development Area, these villas are part of an ambitious residential project. The project is designed by Wimberly Allison Tong & Goo (WAT&G), the world's number one architecture firm.
The real estate developer plans to build 18 such villas in an area of 29.45 square miles. The style of each villa is unique.