Guangzhou, Mainland China A dip in demand for residential rental properties expected until the end of Chinese New Year Property Trends Good to Know Popular Locations Sirva Tips Reduced demand for rental properties. On December 1, 2023, China implemented a Zhujiang New Town Make swift decisions once the right property has unilateral visa-free policy for ordinary passport been selected, as competition within the domestic Rental rates for properties remain stable. holders from France, Germany, Italy, the market is strong. Locals tend to have fewer requests Netherlands, Spain, and Malaysia. This brings An increased number of personal leases. and are very 昀氀exible in terms of rental agreements, added convenience for look-see trip conditions and furnishings of units, and payment arrangements. Competition remains stiff among locals. terms. Landlords are more willing to negotiate on rental Metro Line 5 east extension and Metro Line 7 Assignees should review the local rental market conditions during the lull periods. Phase II have been in operation since December trends one to two months before their arrival and 28, bringing the total mileage of Guangzhou schedule viewings one month before, as landlords Upfront payment to secure the property is usually at Metro to 653 kilometers. tend not to wait for more than two weeks for 10,000 RMB, 20,000 RMB, or 1 month’s rent (depending con昀椀rmation. on the property). Common rental period terms are 1-to-2 year lease or longer with a 10+2 early break clause. 10,000 to 20,000 RMB or one month’s rent is required to secure a property in the presence of other competitors.