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I live in a complex in Shanghai where the rent for a 2bed 1study apartment without car parking is $3.5k USD. The yield is extremely low as that property would c
by dis-sys 9y ago
I live in a complex in Shanghai where the rent for a 2bed 1study apartment without car parking is $3.5k USD. The yield is extremely low as that property would cost you $3m including taxes/fees to buy. Because the rent is so cheap compared to the cost to own, I saw people trying to rent but couldn't get any unit for months all the time. Low demand?
- ehnto 9y agoI wasn't speaking of Shanghai, my apologies if I wasn't clear in my post.
- dis-sys 9y agoShanghai has the lowest demand in all tier-1 cities in China. It is reflected in its relatively low prices/rent compared with Beijing and Shenzhen. The yield is pretty much the same: each ￥10m RMB generating only 10-12k RMB rent per month (with properties that have fancy reno excluded).
- ensiferum 9y agoJust curious are you an expat there? If so what kind of work are you doing and what sort of compensation are you looking at (if you don't mind sharing)