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Why did the housing price of Shanghai Emerald Garden skyrocket?

Economic growth. Shanghai Emerald Garden was built by Hutchison Whampoa Real Estate Co., Ltd. in 2002, with 376 buildings and 378 households. The residential property company is Hutchison Property Services (Shanghai) Co., Ltd., and the housing price in this residential area has risen sharply because it is an inevitable trend with the economic growth and the improvement of urban infrastructure and commercial facilities.