Top 10 Chinese cities with highest rent in 2012
- By Lin Liyao
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E-mail China.org.cn, November 9, 2012
With the average rent of 5,045 yuan (US$808.71) per month, Shanghai becomes the top one Chinese city with highest rent in 2012, according to HK-based China Institute of City Competitiveness (CICC).
The CICC’s data shows that the single room rent in Shanghai is 1,300 yuan (US$208.39) per month this year, and the rent of three-bedroom apartment reach about 7,334 yuan (US$1,175.64) per month.
Shanghai is followed by China’s first Special Economic Zones Shenzhen and a popular tourist city Sanya in Hainan. The average rent in these two cities in this year is 3,325 yuan (US$532.99) per month and 3,225 yuan (US$516.96) per month, respectively.
China Institute of City Competitiveness (CICC) was founded in 1998 in Hong Kong. Its annual report China City Competitiveness Rankings is released every July since 2002.
Chongqing (重庆)
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Chongqing [cqhaibo.cn] |
Average rent: 1,862 yuan (US$298.47)/month
Single room: 950 yuan (US$152.28)/month
One-bedroom apartment: 1,300 yuan (US$208.39)/month
Two-bedroom apartment: 2,200 yuan (US$352.66)/month
Three-bedroom apartment: 3,000 yuan (US$480.9)/month
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