According to data from the China Index Research Institute, since March of this year, average residential rents in first-tier cities have been rising for 6 consecutive months. In Shanghai, where the rental market is relatively hot, residential rents generally rose in various jurisdictions in August. Among them, rent increases in Jinshan, Minhang, Putuo, Pudong, and Xuhui districts were prominent. As of August this year, the average residential rent in Shanghai was 84.39 yuan/square meter/month, up 0.61% month-on-month and 1.25% year-on-year. The rental market in Shenzhen also achieved “six consecutive increases,” but the year-on-year period has not improved. In August, the average residential rent in Shenzhen was 83.05 yuan/square meter/month, up 0.27% from the previous month and down 0.11% from the previous year. Among them, Guangming, Baoan, Nanshan, Futian, Longgang and other districts all rose month-on-month, with only Guangming, Baoan, and Futian rising year over year.

According to data from the China Index Research Institute, since March of this year, average residential rents in first-tier cities have been rising for 6 consecutive months. In Shanghai, where the rental market is relatively hot, residential rents generally rose in various jurisdictions in August. Among them, rent increases in Jinshan, Minhang, Putuo, Pudong, and Xuhui districts were prominent. As of August this year, the average residential rent in Shanghai was 84.39 yuan/square meter/month, up 0.61% month-on-month and 1.25% year-on-year. The rental market in Shenzhen also achieved “six consecutive increases,” but the year-on-year period has not improved. In August, the average residential rent in Shenzhen was 83.05 yuan/square meter/month, up 0.27% from the previous month and down 0.11% from the previous year. Among them, Guangming, Baoan, Nanshan, Futian, Longgang and other districts all rose month-on-month, with only Guangming, Baoan, and Futian rising year over year.