From 1865 to 1866, the concession area at that time was less than 1% of the whole Shanghai, but the population accounted for 22% of the whole Shanghai. The land price rose from 20 taels per mu to 500 taels at this time, and then quickly climbed to 13 18 taels.

Shanghai has always been a relatively developed area in China, and countless businessmen have flocked to Shanghai, which makes the housing prices in Shanghai more and more speculative and high.