In China, rental housing accounted for 18% of overall housing supplies, the proportion in the US was 37%. The rental rate of return in some core cities was 1.5% while that in the US was more than 5%. The long-term apartment rentals market was expected to reach US$226.26 billion by the end of 2018.
The urbanization rate reached 58.5% in 2017 with the urban population exceeding 800 million, which was estimated to hit 70% by 2030. The floating population totaled 244 million as of 2017, according to the National Development and Reform Commission.
The long-term apartment rentals market has grown rapidly since 2015, greatly promoted by the capital. This market altogether got 110 fundings in the past three years.
The long-term apartment rentals market was expected to reach 1.57 trillion yuan (US$226.26 bn) by the end of 2018, an increase of 9.6% year-on-year. With continued growth momentum, this market might soar to 1.9 trillion by the end of...
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