Private building rents rose 14.5% in 14%
Centaline Property reported that in May the territory of 107 large private housing estates, the effective area of 34.7 yuan per square foot, compared with 34.2 yuan in April rose 1.5%. Rents for three consecutive months hit a record high, and even rose 14 months, up 14.5%.
Huang Liangsheng, Senior Co-Director of the Central Plains Real Estate Research Department, pointed out that the number of overseas employees who started the pre-leasing units and the new arrivals had increased the number of leases. It was believed that the traditional leasing season had come to an early stage and the peak season could be extended to the third quarter of this year.