View of the apartment buildings of the Tomson Riviera residential project in the Lujiazui Financial District in Pudong, Shanghai, China, 30 April 2014. A duplex at Tomson Riviera set a record in Shanghai for a single apartment when it sold for 228.5 million yuan (US$36.85 million). The average price for the 986-square-meter unit in the heart of Little Lujiazui in Pudong New Area was about 231, 000 yuan per square meter, also a city record. The buyer had purchased an 824-square-meter duplex in the same development for 150 million yuan in November and has decided to replace it with the bigger unit, according to Oriental Morning Post, citing Bao Haifeng, director of sales at Tomson Group. The citys luxury housing segment has been stable this year. A total of 29 units, or 8, 641 square meters of new homes with an average price of more than 100, 000 yuan per square meter have been sold since January, according to Centaline Property.
