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China: Apartment rental market recovering in Cities

Posted on 12 April 2013

The latest stats from the National Bureau of Statistic shows apartment rental rates have increased by some 3.7-percent in March across China. CRI’s Wang Xiao has more on the rental market in the major cities, including Shenzhen, Shanghai and Beijing.
Tang Zhisheng, manager of Shenzhen Jia Shun Real Estate, says the apartment rent has increased by 10 percent or more in March this year. “Take Futian district for example. An apartment with one bedroom and one living room cost you about 2700 yuan a month last year. But now you have to spend 3500 yuan on it.”……………………………………….Full Article: Source


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