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China: House Prices, Rents, and Rental Yields

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Last Updated: Feb 19, 2008

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

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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