SongJiang you can get that prices for apt. or villa today. Why Pudong has to charge more?? We need to keep in mind 1)the margin of safety; 2)the room for growth in realty price;3)the potential for a future well developed location/community. Let's check back the facts 2-3 years later.
When the price is falling, you don't want to catch a falling knife, but you do want to figure out when to dive into the garbage can for treasure hunting.