Core Insights - In September, the housing rental market in China experienced structural differentiation among enterprises and seasonal adjustments, with the top 30 rental companies managing a total of approximately 1.98 million units and opening 1.398 million units [1][2] Group 1: Market Overview - The average rental price in 50 cities across China decreased both month-on-month and year-on-year, indicating a seasonal decline in market activity [2] - The average rental price was recorded at 34.74 yuan per square meter per month, reflecting a month-on-month decline of 0.39% and a year-on-year decline of 3.76% [2] Group 2: Company Performance - Vanke's rental subsidiary, Vanke Boyu, led the market with 205,400 opened units, followed by Longfor's Crown Apartment and Lingyu International with 127,000 and 87,700 units respectively [1] - Among the top 30 rental companies, 11 were real estate companies, collectively managing 647,000 units, accounting for 46% of the market supply [1] Group 3: Rental Price Trends - Only four cities saw a month-on-month increase in rental prices, with Beihai leading at 0.78%, while 46 cities experienced declines, with Xi'an showing the largest drop at 1.22% [2] - The end of the peak rental season for school-age families was identified as a key factor contributing to the decline in rental prices in major cities [2]