Shanghai's Huangpu District 163 Plot Sets Record Price

SHANGHAI, CHINA - AUGUST 24: (CHINA OUT) A car park attendant stands under a sun umbrella at a temporary parking lot, site of the Huangpu District 163 Plot, on August 24, 2007 in Shanghai, China. The winning bidder Suning Universal Co Ltd, the shenzhen-listed and the country's second-biggest home appliance chain, beat nine other competitors from home and abroad as it offered 4.4 billion yuan (about US$578.9 million) for the Huangpu District 163 Plot which located in Shanghai's renowned Nanjing Road Pedestrian Street and boasts a total acreage of 13,709 square meters. (Photo by China Photos/Getty Images)