Lydia Su said her heart jumped when she first heard a property in Shanghai's tree-lined French Concession was on the market - even though it was no bigger than a bathroom - swept up in China's latest property frenzy.The 13.7-square meter (147-square foot) apartment, the detached annex of a villa, was priced at 1.8 million yuan ($267,169), which at about $19,500 per square meter ranks it among the world's most expensive residential spaces.Though Su eventually decided against the deal, she thought it was cheap.

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