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Shenzhen issues reference prices for rental housing

Source: Shenzhen Daily Release time:2022-11-01 [font:largemediumsmall ]

Shenzhen's real estate and urban development research center has recently released the reference prices for rental housing for 2022, Shenzhen Special Zone Daily reported.


The move aims to promote the standardized development of the city’s rental housing market and improve its transparency.


According to a staffer from the center, the reference prices are conducive to solving the rental market’s asymmetric information problem and guiding negotiations to get reasonable prices for all parties involved.


The reference prices cover all districts and new area in the city, including 4,319 residential compounds, 2,042 private homes in urban villages, 4,500 dormitory areas in industrial parks and 6,702 industrial parks.


The reference prices are determined by the property data of all kinds of housing in the city and the transaction data of the rental market from the past year. Some evaluation techniques have also been used in the pricing.


The reference prices are equivalent to rent at present market rates. There may be some differences between the reference price and actual rent in some regions due to short-term fluctuations, the Daily reported.


Reference price inquiries can be made online via https://zjj.sz.gov.cn/fwzljgcx/vue/main?page=1.

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