Property News · June 26, 2019

Why rents in China’s top cities are unlikely to see that midyear rise


Rents in China’s top cities, which rise every summer on the back of an influx of fresh college graduates joining the workforce, are unlikely to increase by much this year as they have reached the upper limit of their affordability and received warnings from local governments, market observers say.Average monthly rent in first-tier cities such as Beijing have stayed flat at 90 yuan (US$13) per square metre in the first three weeks of June, little changed from the same period last year, according…

Source : South China Morning Post
Read more…Why rents in China’s top cities are unlikely to see that midyear rise

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