Home / Business / Real Estate Tools: Save | Print | E-mail | Most Read | Comment
Beijing rents ride Olympic wave
Adjust font size:

Li Xiao, a 29-year-old company executive, is apartment hunting. "My monthly rent will rise eight-fold by August, from the current 3,200 yuan to 25,600 yuan, far beyond my budget," Li complained, adding some of his colleagues living around the major stadiums that will host the Olympic Games are also facing similar problems.

Li, who used to live in a 90 sq m apartment along Beijing's north fourth ring road, had a perfect view of the Bird's Nest.

"My landlord informed me about the new rent in March. I had never imagined it would be that high," Li said.

Statistics from Beijing Tourism Bureau show that over 3.5 million people, including domestic and international tourists, are expected to come to Beijing from August 8 to 24. The Beijing Organizing Committee of the Games of the 29th Olympiad has booked some 95 percent of high-end hotels near the major stadiums.

Such a huge demand and short supply of suitable accommodation has been pumping up the rents. Most apartment owners around the Games stadiums are not willing to have long-term tenants. Homelink statistics show 71.5 percent of them would accept a contract that ends by June.

Wang Liang, a 32-year-old official, bought a 54 sq m apartment along the west fourth ring road last year. But ever since he finished redecorating his home in November, he has refused many long-term tenants, accepting, instead, short-term lessees.

"I've heard about the possibility of rents going through the roof during the Games, so I have tried to rent out my apartment on a monthly basis so that it's available in August," said Wang.

He said he expects the August rent to jump at least six times as his apartment is only 15 minutes drive from Wukesong Stadium.

But industry experts said Beijing apartment owners should not get their hopes too high. Some 80 percent of the tourists are likely to pick hotels as their first choice and only the rest 20 percent would go for short-term rent of family hotels.

Besides, most overseas tenants are quite demanding when it comes to decoration, furniture and the general environment of apartments.

Ding Mei, who has an apartment that's only 5 minutes drive from the National Stadium, faces a similar dilemma.

After contacting a real estate brokerage company to put out her apartment for lease earlier this year, she did receive some inquires. Some of them, usually foreigners, would like a long-term contract for a monthly rent of over 5,000 yuan, but asked her to put in new furniture and remodel the apartment to their liking. Since Ding wouldn't go through all that trouble, she hasn't found any tenants so far.

Jin Yusong, general manager of Homelink (Beijing), offers these tips for those looking for accommodation during the Games: Move early; go for lower rent; never underestimate the importance of signing contracts, even for a 16-day stay; choose an apartment not close to stadiums but along the subway line.

(China Daily June 26, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>
- China set for another 30 years of fast growth
- Shanghai index dives 5.3% on interest rate concerns
- McDonald's raises prices in China
- Industrial profits soar 20.9% in first five months
- China now fifth in millionaire race
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 色综合久久一区二区三区| 久久这里只有精品66| 紧缚调教波多野结衣在线观看| 国产成熟女人性满足视频| 91精品在线看| 日本成人在线免费| 亚洲综合视频在线| 美女18一级毛片免费看| 国产免费爽爽视频免费可以看| 手机在线看片你懂的| 小说专区图片专区| 九九热视频在线播放| 粉嫩被粗大进进出出视频| 国产69久久精品成人看小说| 777奇米影视视频在线播放| 天天爽夜夜爽夜夜爽| 久久亚洲色www成人欧美| 精品无码久久久久久久久久 | 伊人色综合久久88加勒| 精品久久亚洲一级α| 国产女人的一级毛片视频| 亚洲国产老鸭窝一区二区三区| 国产精品理论片在线观看| 一本色道久久88综合日韩精品| 最近中文字幕电影在线看| 亚洲免费观看在线视频| 欧美日韩一级二级三级| 亚洲欧美国产精品专区久久| 美女翘臀白浆直流视频| 国产无卡一级毛片aaa| h视频在线观看免费| 国产精品天天看| jizz老师喷水| 少妇AV射精精品蜜桃专区| 丝袜足液精子免费视频| 成人区人妻精品一区二区不卡网站 | 国产精品久久国产三级国不卡顿| 4hc88四虎www在线影院短视频| 尹人香蕉网在线观看视频| 中文人妻熟妇乱又伦精品| 日韩亚洲人成网站|