It seems the turning point of the Shanghai Real Estate has appeared. It seems to me that the price of real estate in Shanghai (one of the hottest topic) is turning down. Evidence: 1. The latest flyer I got from my mailbox about the price of the apartment was lower than the last quote – the first time in the last several years. 2. More and more real estate brokers closed their business because the limited transaction cannot support the rent. Interesting observation.