By:Zheng Qian |
From:english.eastday.com | 2021-01-06 11:15
12 months into the pandemic, the rental market in Shenzhen is seeing an unprecedented oversupply, but that has not alleviated the adversity of young working class people in the city to find a cozy and affordable room.
The pandemic influence and the upcoming Chinese Lunar New Year, as well as the annual massive migration from the big city, have contributed to a flood of vacant homes in megacities in recent months. Real estate data indicates that as of mid-December 2020, commercial properties for rent supplied by major real estate agencies in Shenzhen have increased by 40.7% year-on-year.