Core Insights - The rental market in the Asian Games Village has shifted from an oversupply to a situation where demand exceeds supply, leading to a "one room is hard to find" scenario [1][5][9] Group 1: Rental Market Dynamics - Last year, there were hundreds of rental listings in the Asian Games Village, creating pressure for landlords and agents [1] - Currently, the number of available rental units has drastically decreased, with only about 40 units listed across three major residential areas [1][3] - Popular rental units are characterized by appealing aesthetics and good renovations, with certain styles like "INS" and "vintage" being particularly sought after [3] Group 2: Tenant Demographics and Preferences - The tenant demographic includes young professionals, internet celebrities, and families looking to upgrade their living conditions [3][5] - The "big living room" layout is favored by young renters, especially for streamers who require space for equipment [5] Group 3: Price Trends and Comparisons - Rental prices in the Asian Games Village have seen a slight increase compared to last year, with good-condition properties now costing 1,000 to 2,000 yuan more per month [5][7] - The average monthly rent for a 143 square meter unit is around 13,000 yuan, with limited negotiation space compared to last year [7] Group 4: Supply and Demand Factors - The influx of new residents has led to a rapid absorption of rental units, contributing to the current scarcity [9] - The strong performance of the second-hand housing market has prompted some landlords to switch from renting to selling, further reducing available rental units [9]

Core Insights - The rental market in Shenzhen is experiencing a "cooling trend," with average rents in 50 major cities in China declining by 0.32% month-on-month in April, and a cumulative drop of 3.25% year-on-year, indicating increasing pressure on the leasing market [1][5] - Shenzhen's average rent in April was 90.77 yuan per square meter per month, reflecting a month-on-month decrease of 0.41% and a slight year-on-year decline of 0.08% [1][4] Rental Market Dynamics - The only area in Shenzhen showing an increase is Pingshan District, with an average rent of 49.02 yuan per square meter per month, up 1.37% year-on-year, signaling a potential bottoming out and rebound [2][4] - A significant portion of renters in Shenzhen are young individuals under 35, making up 69% of the rental market, with over 80% of residents choosing to rent [4][5] - Traditional core areas like Nanshan and Futian are facing deep adjustments, with Nanshan's rent at 115.31 yuan per square meter per month, down 0.97% year-on-year, and Futian's rent at 112.59 yuan, indicating a downward trend [4][5] Policy Impact - Shenzhen's government is enhancing tenant rights, with a new policy increasing the housing fund withdrawal limit for renters from 65% to 80%, providing additional financial relief [5][6] - The city plans to add 100,000 units of affordable rental housing this year, with 40% being small units under 30 square meters, targeting the needs of young renters [5][6] - The rental market is shifting towards a model where affordable transit-oriented housing becomes a stable asset, emphasizing the importance of aligning rental prices with market demand [5][6]