Shanghai’s skyline of new office towers is a reminder of the city’s rising status. And the demand for upscale apartments, both modern and historical, is expected to continue its long-term upward trend.

The former French Concession area, founded in 1849, became home to merchants of many nationalities as well as a large Chinese population. The "father" of modern day China, Sun Yat-sen, lived there. It was the most desirable place to live in Shanghai during the international settlement era.

International influences can be seen in the local architecture. The most valuable homes usually overlook major streets that remind one of northern European cities.

It is estimated that values in the former French Concession have doubled in the past five years. Buyers who purchased in the early 2000s have been lucky. Some properties have increased in value by eight times their original cost.

Although there is talk of a property bubble, the area may be safe as there is a small supply of homes. Newly wealthy Chinese invest in the old houses and other people, who have studied the arts, and appreciate the architecture.