There is no definitive answer to this question, as it depends on what kinds of properties you are looking at, the location, how you structure the deal, what's the leverage, etc. International investors typically look for 10 percent to 15 percent IRR, with a five- to 10-year holding period, or even longer. Shanghai is a crowded and popular market. Demand is high; prices are high as well. In addition to traditional deals like office towers and shopping malls, alternative assets like long-term rental apartments, parking, and co-sharing office spaces are popular. Opportunities may also exist with some downtown structures (completed or un-completed), if the issues like debt, permits and lawsuits can be properly taken care of, and good improvement and design can be brought in.