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Residential Leasing Beijing

June 2021

Report

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  • Erscheinungsdatum : 15.07.2021
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 874,82 kB
  • Sprache(n) : Englisch

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Inhalt

Serviced apartment market rebounds

  • 20 new units were launched onto Beijing's serviced apartment market in Q2/2021, bringing the total citywide stock to 8,035 units.
  • Beijing's serviced apartment total vacancy rate decreased by 5.3 percentage points (ppts) quarter-on-quarter (QoQ) to 16.7% and 2.4 ppts year-on-year (YoY).
  • Domestic tenants are filling up the vacancies caused by the shortage of tenants from foreign firms. In the meantime, landlords are providing more flexible rental policies to attract tenants.
  • Citywide serviced apartment average rent stood at RMB252.3 per sq m per month, and the rental index was up 0.2% QoQ, though down 1.4% YoY.
  • The high-end apartment average rental index was down 1.6% QoQ, but up 0.5% YoY, with average rent marked at RMB169.8 per sq m per month.
  • High-end villa average rent hit RMB123.9 per sq m per month, with the rental index down 0.8% QoQ and 4.5% YoY.

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