DTZ: 2Q15 a mixed quarter for residential rentals in Shanghai.
According to DTZ’s Property Times, the average rental for non-serviced apartments in the central districts of Shanghai rose by 5.2% to CNY115/ square metre/ month. The rentals for suburban villas slipped by 5.3% to CNY85/square metre/ month. Rents for high end services apartments were broadly unchanged at CNY257/ square metre/ month. Looking forward, DTZ expects that sales volumes and transacted prices will remain firm, given economic and policy factors that are consistent with further growth in demand for residential real estate in Shanghai.
Source : July 2015/DTZ/Shanghai/RES