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Important news
在线翻译:
szdaily -> Important news
Long-term rental flats getting popular
    2017-August-25  08:53    Shenzhen Daily

LONG-TERM rental apartments with hotel-like management are gaining popularity among young people in Shenzhen, according to a Xinhua News Agency report.

A tenant, Wu Jingjing, has rented such an apartment in Futian District from ziroom.com for two years. Wu lives in an 8-square-meter room and she shares the bathroom and kitchen with her three roommates. She pays 2,400 yuan (US$360) per month for the rent and service fee.

According to Wu, the long-term rental apartment has saved her from many troubles because she can pay the rent and fees on an app, and a cleaning worker cleans the apartment every two weeks. Additionally, each room’s door is equipped with a coded lock, ensuring the privacy and safety of each tenant.

Deng Ye, a tenant living in Port Apartments operated by Vanke in Yantian District, said he no longer has to be worried that the landlord will raise the rent or take back the apartment in advance after moving to the long-term rented apartment. “The on-duty manager can help me solve any problems if something goes wrong with the apartment,” he said.

As long-term rental apartments are getting more popular among young people, the operators are also increasing their investments to tap the market. Mofang Apartments has launched 30,000 rental apartments in 15 large and medium-sized cities nationwide, while nearly 30,000 apartments operated by Homeplus have been put into use in 25 Chinese cities.

Vanke is planning to launch 100,000 long-term rental apartments within the year, while, ziroom.com has provided its rental housing service to 1 million tenants in five major cities since the website was launched in 2011.

Guo Wei, general manager of Shenzhen Ziru Youjia Asset Management Co. Ltd., said long-term rental apartments have only taken up 2 to 3 percent of China’s rental housing market, while that proportion is 20 to 30 percent in developed countries, meaning the industry still has a great potential in China.

However, the quality of long-term rental apartments varies greatly. According to the spokesperson of Hewoo, a Shenzhen-based operator of long-term rental apartments, some renovated apartments in urban villages face safety, management and quality problems.

World Union’s vice president, Gan Wei, said rental apartments will be a major choice for many residents in the future if they can enjoy the same education and other public resources as homeowners.

Vanke’s chairman, Yu Liang, said the key to tackling the shortage of housing resources is to ensure that tenants’ children have the same access to schools as homeowners’ children, which will require exploration and reform on the institutional level. (Zhang Yang)

 

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