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New Trend of Beijing Real Estate Rental Market

Post time: 2019-01-21 09:28:49    Source: by Emilie LIU

In fact, there are two choices to rent a house in Beijing. One is to rent an owner’s house directly and sign a rental contract with the owner, the other is to rent a serviced apartment and sign a contract with the serviced apartment.
 
However, about two years ago, another way appeared quietly in Beijing real estate rental market, and this new way of renting began to increase gradually in 2017. Until 2018, this new way of renting has accounted for a certain proportion of the rental market, it is about 5%, that is, in 100 high-end apartments, about 5 apartments are under such a new mode of renting.
 
What is this rental mode? I think you must be anxious to know something about it. Now let me introduce this new rental mode to you.
 
The so-called new rental model of high-end apartments is that some investment companies, decoration companies or some real estate development companies and agency companies find some high-end apartment sources on the market, and they try to negotiate with the owners, once an agreement is reached by both parties, and then they rent the apartment for around 5 years and design it, decorate it and configure it by new furniture, appliances, bed articles, kitchen wares, and install WIFI etc. to meet the standard of instant moving in. Generally, these apartments are designed in modern simple style.
 
Although these apartments are in residential quarters, the living conditions are comparable to the serviced apartments, they have complete furniture and appliances, they are newly decorated, newly configured; and these apartments are also comparable to the apartments rented directly by owners, the condition of most of the apartments are better, and some of them are flexible in rental period, short-term customers are also acceptable, so they are more popular on the market. At the same time, during the lease period, if there are any problems, there is always a people who will handle the problems directly and quickly, very convenient.
 
The main reasons for the new trend of rental in Beijing real estate market are as follows: 1. The demand for high-end apartments in Beijing is high; 2. Owners of high-end apartments are usually busy and have no time to manage the rental issue of their apartments; 3. A large proportion of high-end apartments in Beijing are almost 10 years old, the condition are not as good as new ones, while high-end customers like new houses.
 
Based on the above points, the new trend of rental is becoming more and more mature, and more and more accepted by owners and customers. Maybe you just came to Beijing and didn't notice it, but if you carefully observe, you may find some of your friends are living in such apartments.
 
Whether you sign a contract with an owner or with a serviced apartment or with a second-hand landlord of this new way of renting, as long as you live comfortable, and the price is acceptable, other things are unimportant. 
 
I wish you a comfortable stay and a pleasant life in Beijing, and all the best!

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  • Angel Hi all, my apartment is in Central Park Post time: 2017-07-25 18:13:58

    Hi all, my apartment is in Central Park, it is a very good place for expats' families. Central Park, located at the heart of Beijing CBD, it is around 5-10 minutes walking distance to Fortune Plaza, World Trade Centre and Five-Star Hotels; The Subway of Line 6 and Line 10 is nearby. There is a Alexander Clubhouse in the compound, it is very popular in CBD area, gym, swimming pool and outdoor tennis court opens everyday. There are 2 supermarkets here, Jenny Lou's and April Gourmet. And you can also find several restaurants (Italian, French and Thai etc.), some coffee shops, laundries, hair salons and banks on the ground floor of the compound, and also a pleasant garden area for children. Vibrant community and good management, it is really a good compound that I would like to recommend :)
  • Merry I live in Park Avenue, a very good compound. Post time: 2017-07-16 13:53:33

    I live in Park Avenue, a very good compound. It is next to Chaoyang Park, and the subway-line 14 passes by here; Inside the compound, there is a big playground for children, a nice and big clubhouse (gym and swimming pool) for all its residents here, a supermarket-April Gourmet, a clinic, a laundry, a hair salon and several coffee shops. It is really a very convenient place for family. I highly recommend this compound.

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