Shenzhen's rental market is recovering

With the return to work, school, and job seeking, Guangdong Shenzhen has seen a rebound in the rental housing market. Journalists visited several real estate agency branches and found that the rental market in Shenzhen has clearly recovered after the holiday, especially in core business districts like Nanshan and Futian, where rental demand is particularly concentrated. Newer apartments and branded small units near subway stations and industrial parks have seen significant rent increases. Industry insiders said, “Compared to before the New Year, the rental price range has generally increased by 5% to 10%. For example, a one-bedroom apartment that was just over 4,000 yuan before the New Year is now typically between 4,500 and 5,000 yuan.” (CCTV Finance)