* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, July 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Entertainment

Room to Maneuver as Shanghai’s Rental Market Steadies

January 10, 2024
in Entertainment
Room to Maneuver as Shanghai’s Rental Market Steadies
Share on FacebookShare on Twitter

China’s rental market usually sees two peaks a year: The first runs February to mid-March, when people return to work after the Lunar New Year holiday; the other is in July and August, when schools and universities across the country produce millions of fresh graduates.

During these periods, cities experience relatively high month-on-month increases in residential property rents. As demand slows in September, though, prices tend to stabilize, and in some places will even fall.

In the final quarter of 2023, the average rental price in China fell 0.1% each month, according to data from the National Bureau of Statistics.

Overall, rents in China’s first-tier cities — namely Beijing, Shanghai, and Guangzhou and Shenzhen in the southern Guangdong province — saw comparatively little change throughout the year, while second-tier cities experienced slightly more pronounced fluctuations. The sharpest decreases were in third- and fourth-tier cities, the official data shows.

According to the China Real Estate Index System (CREIS), 19 of 50 major cities surveyed in 2023 saw rental prices increase. For example, in Sanya, on the island province of Hainan, and in the Hunan provincial capital, Changsha, rents were up by more than 3% year on year. By contrast, prices fell by over 5% in the cities of Wenzhou in Zhejiang province, Xuzhou in Jiangsu province, and Zhengzhou in Henan province.

Staying stable

In Shanghai, the past 12 months have been somewhat uneventful in terms of its residential rental market, with fluctuations mostly in keeping with traditional cycles. However, the city did experience unseasonal year-on-year and month-on-month price rises in November and December.

At the end of November, the average price of a rental property in Shanghai stood at 84.1 yuan ($12) per square meter, 1.69% higher than in August, according to CREIS.

Among the city’s districts, only Qingpu and Jinshan saw declines in November. Prices were down 1.39% and 1.84% respectively compared with the same period in 2022. Meanwhile, some downtown districts saw upward trends. For example, Jing’an registered year-on-year growth of 0.37% while Xuhui saw a 0.81% month-on-month increase in November.

Supply and demand

Evidence suggests that the reduced affordability of tenants has put downward pressure on the market nationwide. A survey by the Beijing China Index Academy, a market tracker, found that almost 40% of the respondents who were planning on moving home were motivated by a desire to find cheaper accommodation, due to their lower income expectations.

Another factor impacting local markets is the accelerated supply of government-subsidized housing, which has helped stabilize prices of privately owned rental properties.

In 2023, the Ministry of Housing and Urban-Rural Development pledged to “significantly increase” the supply of affordable rental housing nationwide by adding 3.6 million homes, either through construction or by acquiring stock from private property developers, including public housing and shared ownership housing.

By the third quarter of 2023, 72% of the 2.04 million subsidized housing units to be built as part of the national plan had been completed, according to the ministry. It added that the total amount of subsidized housing units stood at 5.65 million at the start of this year.

First-tier cities aimed to construct or acquire at least 70,000 units in 2023, while many second- and third-tier cities implemented their own plans based on local demand and conditions.

Subsidized housing can have a significant influence on the overall market, too. An analysis by the China Real Estate Information Corp., a digital services platform for the industry, found that the rental prices of private-owned homes in Pujiang Town, Songjiang New Town, Zhoupu Town, and Kangqiao Town — the areas of Shanghai with the highest concentration of government-subsidized rental properties — had fallen by more than 3.5% year on year as of November.

Despite the short-term impacts of lower income expectations and increases in subsidized housing, market insiders and observers are predicting a market rebound amid China’s economic recovery.

A version of this article originally appeared in Shanghai Data, a platform operated by the Shanghai Observer. It has been translated and edited for brevity and clarity, and is republished here with permission.

Translators: Chen Yue and Xue Ni; editors: Xue Ni, Luo Yahan, and Hao Qibao.

(Header image: A residential area in Shanghai, Nov. 6, 2023. Wang Gang/VCG)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : SixthTone – https://www.sixthtone.com/news/1014432/Room%20to%20Maneuver%20as%20Shanghai%E2%80%99s%20Rental%20Market%20Steadies

Tags: entertainmentManeuverShanghai's
Previous Post

Important Single Owner Motorcycle Collection presented at Bonhams

Next Post

Tencent Limits Minors to 16 Hours Gaming During Spring Festival Break

Embedding information flows within ecological networks – Nature

Unlocking the Secrets of Information Flow in Ecological Networks

July 10, 2025
Mass layoffs can move forward, with devastating impacts for conservation and science – High Country News

Mass layoffs can move forward, with devastating impacts for conservation and science – High Country News

July 10, 2025
The Boar War: Michigan accused of harassing pig farmers using faulty science – Michigan Capitol Confidential

The Boar War: Michigan accused of harassing pig farmers using faulty science – Michigan Capitol Confidential

July 10, 2025
I took my daughter to meet my girlfriend — and what she found changed everything – VegOut

I took my daughter to meet my girlfriend — and what she found changed everything – VegOut

July 9, 2025
See photos of FIFA Club World Cup semifinal: PSG defeats Real Madrid at MetLife Stadium – Bergen Record

PSG Clinches Exciting Victory Over Real Madrid in FIFA Club World Cup Semifinal – Stunning Photos Inside!

July 9, 2025
The Economic Consequences of the Big Odious Bill – The New Yorker

The Economic Consequences of the Big Odious Bill – The New Yorker

July 9, 2025
Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

July 9, 2025
Why 1.5 Million New Yorkers Could Lose Health Insurance Under Trump Bill – The New York Times

How 1.5 Million New Yorkers Could Face Losing Health Insurance Under Trump’s Proposed Bill

July 9, 2025
Justice Ann Walsh Bradley on the courts, law and politics – PBS Wisconsin

Justice Ann Walsh Bradley on the courts, law and politics – PBS Wisconsin

July 9, 2025
Google Fiber puts Nokia network slicing technology to the test – Fierce Network

Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

July 9, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (713)
  • Economy (737)
  • Entertainment (21,626)
  • General (15,804)
  • Health (9,774)
  • Lifestyle (743)
  • News (22,149)
  • People (738)
  • Politics (746)
  • Science (15,954)
  • Sports (21,235)
  • Technology (15,721)
  • World (719)

Recent News

Embedding information flows within ecological networks – Nature

Unlocking the Secrets of Information Flow in Ecological Networks

July 10, 2025
Mass layoffs can move forward, with devastating impacts for conservation and science – High Country News

Mass layoffs can move forward, with devastating impacts for conservation and science – High Country News

July 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version