Up to 300 demonstrators marched through Shaghai's busiest shopping street. Many of them held banners and encouraged onlookers to take photos, state-run Global Times reported.
It was not clear if any of the marchers were detained by the police during the protest that lasted for nearly an hour.
One protester, speaking on condition of anonymity, told the newspaper that the demonstrators were people living in commercial properties converted to residential apartments.
The anonymous protester said people who have been living in commercial premises converted to residential use were forced to do so either because of the sky-high residential property prices, or they were unable to buy as they do not have a hukou (a household registration record required by law in China).
Converting commercial buildings for residential use can be costly and dangerous as they have different construction standards, urban development expert Niu Fengrui of the Chinese Academy of Social Sciences told the daily.
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