Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Home » Business » Real Estate
Mild gain in rental market
Print Edition
SHANGHAI’S residential leasing market witnessed moderate rental growth in the second quarter, fuelled mainly by demand from domestic clients, global real estate consultancy Savills said yesterday.
Average rents climbed 1.8 percent quarter on quarter to 195.2 yuan (US$28.6) per square meter per month during April-June. Increases were seen across all three sub-markets, Savills China said in its latest report.
Rents for strata-title apartments rose 3.3 percent, out-performing the 1.5 percent growth for serviced apartments and the 1 percent gain for villas.
“Demand from domestic entrepreneurs has been rising rapidly while increasing talent localization and shrinking accommodation budgets at multinational companies as well as health concerns caused by hazy weather have led to a decline in demand from expatriates,” said Liza Wu, director of Savills Shanghai residential leasing.
Occupancy rates remained at more than 80 percent. The market is expected to remain stable with Pudong New Area seeing strong demand, boosted by the growing number of financial companies in the area and in the Pilot Free Trade Zone.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
