Shanghai, Mainland China Demand for new and large properties dipped as the market slowed down in the fourth quarter Property Trends Good to Know Popular Locations & Sirva Tips Shanghai remains as the top destinations for foreign Shanghai rolled out the Shanghai International Housing Types Make swift decisions once the right property has been selected, as competition within the domestic expatriates, domestic elites, and Chinese returnees. Service Portal, a new online portal for Xintiandi: 2-to-3 bedrooms, 150sqm market is strong. Locals tend to have fewer requests expatriates. It is currently in beta version. Rental rates for properties remain stable. French Concession: 2-to-3 bedrooms, 150sqm and are very 昀氀exible in terms of rental agreements, The portal serves as a one-stop resource hub conditions and furnishings of units, and payment for foreigners traveling to or residing in Supply of rental properties limited in popular Green City (Jinqiao area), Huacao, Qingpu: 4-to-5 terms. Shanghai. It will be made available in eight locations, especially for corporate-owned villa bedrooms, 320 to 400sqm other languages, namely Japanese, Korean, compounds. Have a few backup options in case your 昀椀rst choices German, French, Spanish, Portuguese, Russian Hongqiao, Gubei, Lujiazui: 3-to-4 bedrooms, fall through. Landlords are expecting a leased to be signed and and Arabic. 250sqm started quickly. Some landlords may request a holding deposit of Upfront payment to secure the property is 10,000 RMB or one month’s rent. Ensure the amount Many properties are aging which makes it dif昀椀cult for usually at 10,000 RMB or 1 month’s rent is available beforehand. assignees to 昀椀nd a property in good condition. (case by case basis). Assignees should begin the search for a suitable property around 1 to 1.5 months in advance for those looking for apartments, and 1.5 to 2.5 months in advance for houses.
Q4 2023 Housing Matters Report Page 6 Page 8