Shanghai Apartment
According to the statistics by a local real estate agency, 2-bedroom type properties recently approximately 45% of the total lease market, in some areas they makes more 50%. In average, 3 out of 4 prospective tenants look for 2-bedroom type.

Therefore it is easiest to lease out this type of properties and hence the shortage of supply. In the opnion of a local real estate agent, there are multiple reasons for such phenomenon. First , 2-bedroom type properties are not too small, not too big for school graduates, white collar workers and a small family of three members. The second reason is that Shanghai rental of this type of property is reasonable, cheaper than 3-bedroom types, which make them more affordable to ordinary people.

And if two or more tenants rent a property together, they can share the rental. The general Shanghai rental on the current market is as follows, for 2-bedroom month, the rental varies between RMB2,500 to RMB2,800. For 1-bedroom types, the rental is between RMB1800 and RMB 2,100. For 3-bedrooms, the rental is between RMB3,200 to RMB3,600.

This is a general overview fo the Shanghai rental for the periond of Jan-June 2008.