China: House Prices, Rents, and Rental Yields
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Moderate yields on China apartments
| Last Updated: Feb 19, 2008 | |||||
| BEIJING 1 - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 114,180 | 539 | 5.67% | 1,903 | 8.99 |
| 120 sq. m. | 261,960 | 1,122 | 5.14% | 2,183 | 9.35 |
| 200 sq. m. | 465,800 | 2,206 | 5.68% | 2,329 | 11.03 |
| SHANGHAI 2 - Apartments | |||||
| 60 sq. m. | 116,040 | 533 | 5.51% | 1,934 | 8.88 |
| 120 sq. m. | 323,640 | 1,176 | 4.36% | 2,697 | 9.80 |
| 200 sq. m. | 600,200 | 2,468 | 4.93% | 3,001 | 12.34 |
| GUANGZHOU 3 - Apartments | |||||
| 60 sq. m. | 67,440 | 305 | 5.43% | 1,124 | 5.09 |
| 120 sq. m. | 169,200 | 734 | 5.21% | 1,410 | 6.12 |
| 180 sq. m. | 345,960 | 1,298 | 4.50% | 1,922 | 7.21 |
| SHENZHEN 4 - Apartments | |||||
| 45 sq. m. | 66,150 | 314 | 5.70% | 1,470 | 6.98 |
| 75 sq. m. | 106,500 | 406 | 4.57% | 1,420 | 5.41 |
| 105 sq. m. | 123,165 | 457 | 4.45% | 1,173 | 4.35 |
| SHENZHEN - Villas | |||||
| 120 sq. m. | 244,920 | 992 | 4.86% | 2,041 | 8.27 |
| 185 sq. m. | 573,315 | 1,650 | 3.45% | 3,099 | 8.92 |
| 255 sq. m. | 1,367,310 | 2,978 | 2.61% | 5,362 | 11.68 |
| 325 sq. m. | 2,017,925 | 3,926 | 2.33% | 6,209 | 12.08 |
| 450 sq. m. | 3,460,500 | 6,336 | 2.20% | 7,690 | 14.08 |
| CHENGDU 5 - Apartments | |||||
| 60 sq. m. | 57,000 | 203 | 4.28% | 950 | 3.39 |
| 120 sq. m. | 110,760 | 395 | 4.28% | 923 | 3.29 |
| 180 sq. m. | 173,160 | 682 | 4.73% | 962 | 3.79 |
|
1 Districts included: Chaoyang ; Dongcheng; CBD area 2 Districts included: Jingan; Xuhui; Changning ; Pudong 3 Districts included: Haizhu ; Huangpu ;Tianhe ; Zengcheng 4 Districts included: Nanshan; Futian 5 Districts included: Wuhou ; Jinjiang ; Jinniu ; Qingyang Source: Global Property Guide |
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Yields on apartments in the five prime cities -- Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu -- is generally 5%.
Beijing apartments slightly earn more at an average of 5.5%. Prices are around $2,138 per sq. m. Shanghai apartments, on the other hand, are more expensive at $2,544 per sq. m, but earn lower rental income of around 5%. Guangzhou apartments have average yields of 5% as well, with much lower prices of aroun $1,485 per sq. m.
Chengdu apartments are cheapest among the five cities at $945 per sq. m. Average gross rental yield is still close to the other cities' at 4.43%.
Rental income on Shenzhen apartments are also 5%, selling for $1,354 per sq. m. Villas in Shenzhen, however, have much lower yields at 3.1%. These are quite expensive at $4,880 per sq. m, reaching up to around $3.4M for villas with 450 sq. m.
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