RESIDENTIAL RENTAL Guangzhou: Snapshot of Typical Asking Rents (approx) MARKET TRENDS STANDARD PREMIUM Typical length of tenancy 12 months or 24 months Renewal: 12 months Zhujiang New Town (West Zone); Sports Center West (Tianhe District) Locations Binjiang Road (Haizhu District); Zhujiang New Town (Middle & East Zone); Notice period Linhecun (Tianhe East Zone) Golden Lake (Villas, Baiyun District) 2 months Comes with a lobby, may have a gym, Comes with a lobby and receptionist, gym, Typical deposit Description 30% expatriates and good property swimming pool, 50% expatriates and excellent 2 months management service property management service Unique situations Indicate if Indicate if • New lease: rental price is rental price is 10+2 break clause, minimum stay Rent From Rent To up, down or Rent From Rent To up, down or Property Pro昀椀le (RMB/Month) (RMB/Month) unchanged (RMB/Month) (RMB/Month) unchanged needs to be 12 months from previous from previous • Renewal lease: quarter quarter more 昀氀exible, usually 4+2 or Typical Size 700 sqft 850 sqft 700 sqft 850 sqft 6+2 break clause 1 Bed Apt 2023-Q4 9,500 16,000 — 15,500 24,000 — Typical Size 850 sqft 1,200 sqft 850 sqft 1,200 sqft 2 Bed Apt 2023-Q4 10,000 17,500 — 19,000 27,500 — Typical Size 1,300 sqft 1,800 sqft 1,300 sqft 1,800 sqft 3 Bed Apt 2023-Q4 16,500 25,000 — 28,000 36,500 — Typical Size 1,800 sqft 3,000 sqft 1,800 sqft 3,000 sqft 4 Bed Apt 2023-Q4 32,000 44,000 — 44,000 57,000 — Typical Size 3,000 sqft 5,000 sqft 3,000 sqft 5,000 sqft 4/5 Bed House 2023-Q4 38,000 60,000 — 42,000 67,000 —
Q4 2023 Housing Matters Report Page 9 Page 11