Rentals in Biggest Chinese Cities Drop Further as Supply Increases

What’s new: The average rental prices in China’s biggest cities have continued to slide as listings increase, reflecting a changing balance between demand and supply amid a broader housing market downturn.

In December, the average rental of China’s first-tier cities — Beijing, Shanghai, Guangdong and Shenzhen — fell by 2.45% from a year ago, according to rental market data provider Zhuge Zhaofang Data Research Center.