Shanghai’s real estate market experienced a rebound in 2009，real estate sales area was far more than start area and completion area，housing prices rose about 5 into. Meanwhile，Shanghai’s public housing support policy has made substantial progress into the purchase phase of affordable housing；urban renewal has taken a new model. Outlook 2010 has many factors，which will help the development of the real estate market，but Shanghai’s real estate industry needs transformation during Twelfth Five Planning.