新华社北京11月19日电 题：《住房租赁条例》施行两月，如何更好推动新规落地？ 新华社"新华视点"记者 住房租赁，事关万千租客安居。今年9月15日起，我国首部专门规范住房租赁活动的《住房租赁条 例》施行，为出租人和承租人维护合法权益提供了保障。 新规落地两个月来，带来哪些积极变化？如何推动新规落实落细？"新华视点"记者进行了采访。 新规带来哪些积极变化？ 前不久，在江苏常州租房的小晨与二房东产生纠纷。对方不仅拒绝退还中央空调卡内小晨预付的 900元费用，也不愿退还合同约定的2500元押金，小晨随后向法院提起诉讼。 "10月底开庭通知下达后，二房东很快退了部分费用，我就决定撤诉了。纠纷能够顺利解决，多亏 了新条例'出租人无正当理由不得扣减押金'的规定，让我维权更有底气。"小晨说。 根据条例，房产管理部门应当通过住房租赁管理服务平台开展管理与服务。记者走访发现，各地正 在不断完善住房租赁管理服务平台功能，为业主、租客提供便利。租客通过平台可实现房源核验、信息 查询、网上签约、登记备案等多种服务，与之前相比，房源信息的真实性明显提升。住房租赁企业的管 理服务也持续优化，更加正规透明。 记者在上海浦东新区的链家周浦新 ...

住房租赁市场正在进入传统淡季。安居客数据显示，10月随着新增租赁需求减弱，整体挂牌租 金环比小幅下降。 随着租金水平的回落，租房低门槛、高灵活度、高性价比等优势日益凸显。该机构数据显示， 在全国在线找房的业务场景中， 租房的用户群体规模逐渐超过新房的找房用户量。 与此同时，房源分散、租赁关系不稳定、租购权益不对等情况仍然存在，租赁市场各类乱象仍 时有出现。《住房租赁条例》（下文简称《条例》）的实施为住房租赁市场规范发展注入新的 动能。 部分城市产业升级下劳动力流动放缓，叠加"职住平衡"政策下本地租房需求趋于稳定，整体需 求进入季节性低谷。 另据中指研究院数据，10月全国重点50城住宅平均月租金为34.57元/平方米，环比下跌 0.49%， 前10月50城住宅平均租金累计下跌2.45%， 跌幅较2024年同期扩大0.38个百分点。 张波认为，今年以来租金下行主要受两方面因素影响。一方面是租赁房源供给量增多。安居客 数据显示，全国40城个人房源线上新增挂牌量同比上涨超过10%，大量房源集中入市，竞争有 所加剧。部分房东为避免空置，选择主动降价。另一方面是保障性租赁住房的上市。保障性租 赁住房的租金一般会低于市场化 ...

住房租赁市场正在进入传统淡季。安居客数据显示，10月随着新增租赁需求减弱，整体挂牌租金环比小 幅下降。 随着租金水平的回落，租房低门槛、高灵活度、高性价比等优势日益凸显。该机构数据显示，在全国在 线找房的业务场景中，租房的用户群体规模逐渐超过新房的找房用户量。 与此同时，房源分散、租赁关系不稳定、租购权益不对等情况仍然存在，租赁市场各类乱象仍时有出 现。《住房租赁条例》（下文简称《条例》）的实施为住房租赁市场规范发展注入新的动能。 近日，《〈中共中央关于制定国民经济和社会发展第十五个五年规划的建议〉辅导读本》（下文简称 《辅导读本》）出版，住房城乡建设部部长倪虹在其中发表署名文章《推动房地产高质量发展》。在这 篇文章中，规范发展租赁市场，培育市场化、专业化住房租赁企业，提高行业监管和服务能力，依法维 护租赁双方合法权益，被纳入"十五五"时期全面落实推动房地产高质量发展的重点任务。 中指研究院指数研究部总经理曹晶晶向21世纪经济报道记者表示，相关政策的落地将有力促进住房租赁 市场高质量发展，推动加快建立租购并举的住房制度，同时也将对盘活存量资产以及培育住房租赁企业 等发挥重要作用。 "租购并举"深化 张波认为， ...

21世纪经济报道记者李莎 北京报道 中指研究院指数研究部总经理曹晶晶向21世纪经济报道记者表示，相关政策的落地将有力促进住房租赁 市场高质量发展，推动加快建立租购并举的住房制度，同时也将对盘活存量资产以及培育住房租赁企业 等发挥重要作用。 安居客数据显示，10月全国40城租赁线上需求热度环比下降14%，一线城市中北京、上海需求降幅超 8%，二线城市如天津、太原降幅逾25%。 58安居客研究院院长张波向21世纪经济报道记者表示，租房需求下降的核心原因是三季度毕业季、入职 季等传统租赁旺季结束，新增租房群体（如应届生、外来务工者）规模减少。同时，部分城市产业升级 下劳动力流动放缓，叠加 "职住平衡" 政策下本地租房需求趋于稳定，整体需求进入季节性低谷。 另据中指研究院数据，10月全国重点50城住宅平均月租金为34.57元/平方米，环比下跌0.49%，前10月 50城住宅平均租金累计下跌2.45%，跌幅较2024年同期扩大0.38个百分点。 张波认为，今年以来租金下行主要受两方面因素影响。一方面是租赁房源供给量增多。安居客数据显 示，全国40城个人房源线上新增挂牌量同比上涨超过10%，大量房源集中入市，竞争有所加剧 ...

押金难退、隔断房风险、"二房东"套路多—— 避开租房"坑" 让年轻人"安心租、放心住" 租房，是许多年轻人踏入社会的第一步。租赁市场存在的押金难退、隔断房风险、"二房东"套路等乱 象，让经验尚浅、预算有限的年轻人防不胜防。《住房租赁条例》于2025年9月15日正式施行，这是我 国首部专门规范住房租赁活动的行政法规，意味着国家对租赁市场开展系统性监管，各地陆续出台具体 措施，有针对性地为租房者权益保障筑牢防线，这一系列举措旨在让年轻人"安心租、放心住"。 "您说对清洁度不满意，我们把房屋从里到外都打扫了一遍；您说下水道堵了，我们也找人给疏通了； 现在又说浴室地砖裂了缝……这500元押金您什么时候才能退给我们？"9月25日，在四川省成都市锦江 区狮子山街道某小区，刚找到工作的应届毕业生晓文(化名)和室友在出租屋内与房东发生争执。晓文 说，为了这500元押金，她们前前后后与房东拉扯了一个多月。 当下，不少刚踏入社会的年轻人，在租房问题上遇到各种烦心事。有人不小心租到违规改造的"隔断 房"，有人碰上层层转租的"二房东"，交了租金却面临被清退风险。"串串房""高收低租""提灯定损"…… 对于年轻人而言，如何避开各种租房 ...

Core Viewpoint - The rental housing REITs market is accelerating its development, entering a new phase of simultaneous "initial issuance + expansion" with a strong market foundation of 260 million rental population and stable operational performance of rental housing projects [2][6][12]. Group 1: Market Expansion and Development - Recently, the approval of the expansion of Huaxia Fund's Huayuan REIT marks the second approved expansion of rental housing REITs in China, indicating a growing trend in the market [4][5]. - As of now, five REITs have announced expansion plans, with three currently in the expansion process, suggesting a robust pipeline for future growth [2][6]. - The rental housing REITs are expected to benefit from a dual-driven approach of "initial issuance + expansion," which will likely enhance the market scale [2][12]. Group 2: Operational Performance and Financial Metrics - The Huayuan REIT's expansion aims to raise between 9.915 billion and 11.4 billion yuan, with a projected net cash flow distribution rate increase from 2.95% to 3.17% post-expansion [5][7]. - The average monthly rent for rental housing REITs projects showed a 1.6% year-on-year growth, outperforming the overall market by 5.1 percentage points [9][10]. - The average annualized distribution rate for eight public rental housing REITs remains stable at over 4%, reflecting strong distribution capabilities and operational forecasts [10][12]. Group 3: Market Demand and Regulatory Environment - The housing rental market is characterized by a significant and growing demand, with nearly 200 million new citizens and young people seeking rental housing, providing a stable foundation for rental housing projects [9][10]. - The implementation of the Housing Rental Regulations on September 15 has standardized industry rules, enhancing market confidence and facilitating capital entry [10]. - The ongoing collection of existing residential properties for conversion into affordable rental housing is expected to provide a sustainable source of underlying assets for REITs [10][12].

Core Viewpoint - The Shenzhen Municipal Housing and Construction Bureau and the Shenzhen Municipal Planning and Natural Resources Bureau have jointly issued a notification to regulate the conversion of existing non-residential buildings into affordable rental housing, aiming to alleviate housing difficulties for new citizens and young people. The notification is effective for five years from the date of issuance [1]. Group 1: Policy Overview - The "Non-Residential to Affordable" initiative encourages the transformation of idle and inefficiently used commercial, office, hotel, and factory spaces into affordable rental housing, thereby expanding the supply channels for such housing and improving the utilization efficiency of non-residential properties [2]. - The notification specifies that the conversion applies to existing non-residential buildings, provided it meets industrial development needs, and outlines prohibited areas for conversion, including sites that severely disrupt living conditions or pose safety hazards [3]. Group 2: Implementation Guidelines - The notification establishes three fundamental principles for the conversion: "reasonable site selection and supply-demand matching," "market operation with policy support," and "city-level coordination with district-level implementation" [3]. - Conversion projects must meet multiple conditions, including clear property rights, completion acceptance, no legal issues, and a minimum total construction area of 1,000 square meters. Consent from co-owners or stakeholders is also required [3]. Group 3: Project Recognition and Management - The authority for project recognition has been delegated to district governments, which will handle applications and issue project recognition certificates after a joint review [5]. - The application process involves several steps: application submission, project recognition, implementation, and joint acceptance upon completion. The recognition certificate is valid for at least six years [5]. Group 4: Operational Restrictions - Converted housing cannot be sold or repurposed, and any transfer must be conducted as a whole with a new regulatory agreement. During operation, the housing can benefit from residential utility pricing [6]. - Upon expiration of the project, renewal applications can be made; otherwise, the property must revert to its original use, with penalties for violations including revocation of recognition and credit sanctions [6].

Core Insights - The report from the China Index Academy indicates that by October 2025, the total number of opened rental units among the top 30 housing rental companies in China will reach 1.407 million, with a management scale of 1.977 million units [1][7] - The rental market is entering a traditional off-season, with the average residential rent in 50 key cities decreasing by 0.49% month-on-month and 3.63% year-on-year, reaching 34.57 yuan per square meter per month [1][25] Company Rankings - The top 30 companies by opened scale include: - Vanke Boyu: 205,728 units - Longfor Guanyu: 127,000 units - Meiyu: 140,468 units in management scale [2][5][7] - The management scale rankings show Vanke Boyu leading with 280,800 units, followed by Longfor Guanyu with 164,000 units [5][6] Market Dynamics - In October, several rental projects were launched, including public rental housing and talent apartments, with significant contributions from local state-owned enterprises and specialized rental operators [8] - The rental market is experiencing a decline in demand, leading to a broader decrease in rental prices across major cities [25][26] Business Expansion - Vanke Boyu signed a cooperation agreement with Shenzhen Metro Group to introduce high-end rental apartments in the Qianhai area [10][11] - New brands in the rental market include "Ji Yu" by Guangdian City Service Group and "Le Yang" by Xi'an Anju, indicating a trend towards brand diversification [13] Financing Trends - The issuance of rental ABS (Asset-Backed Securities) is gaining traction, with successful projects from Wuhan Hongshan Guotou and Jin Yang Investment Group [14] Policy Developments - The Ministry of Housing and Urban-Rural Development emphasizes the need to optimize the supply of affordable housing and regulate the rental market, focusing on various demographic needs [16] - Local governments are implementing policies to support the conversion of idle properties into rental housing, particularly in cities like Shanghai and Shenzhen [17][18] Rental Supply - In the past five years, Ningxia has allocated over 172,000 public rental housing units, while Chongqing has built 583,000 public rental units [21][23] - The overall transaction of residential land in 22 key cities reached 129 plots, with a focus on integrating rental housing into urban planning [29][30]

Core Insights - The establishment of a dual rental and purchase housing system in China is accelerating, with the activation of existing assets playing an increasingly important role [1][3] - The "Boyu Yanyuan Old Palace Core Community" project, a pilot for affordable rental housing, has officially opened in Daxing District, Beijing, marking a significant step in utilizing collective land for housing [1][4] Company Overview - The "Jianwan Fund," a joint venture between China Construction Bank and Vanke Group, acquired the land for the project and is responsible for its operation through Vanke's rental brand, "Boyu" [1][3] - The project includes 1,505 affordable rental units, with rental prices set at 90% of the surrounding market rates, demonstrating a commitment to providing affordable housing options [3][4] Industry Context - Daxing District is a pilot area for the reform of collective operating construction land, and the project is part of a broader initiative to increase the supply of affordable rental housing in response to the dual rental and purchase housing policy [3][9] - Vanke has been a pioneer in the rental housing sector, successfully implementing a sustainable business model that combines asset activation, service enhancement, and capital closure [3][9] - The company operates 280,000 rental units nationwide, with a nearly 95% occupancy rate, solidifying its position as the largest provider of concentrated apartments in China [8][9]

Core Viewpoint - The "Boyu Yanyuan Old Palace Core Community" project in Daxing District, Beijing, marks a significant step in the development of collective land for rental housing, showcasing a successful model for sustainable housing rental operations and providing valuable experience for the industry [1][3][4]. Group 1: Project Overview - The "Boyu Yanyuan Old Palace Core Community" is the first collective land project under the "Jianwan Fund" in Beijing, with a total construction area of approximately 65,000 square meters, located near the South Fifth Ring Road and about 1.5 kilometers from the Yigong Station on the Yizhuang Line [3]. - The project includes 1,505 units of affordable rental housing, operated by Vanke's long-term rental apartment brand "Boyuy," with rental prices set at 90% of the surrounding market rates [3][4]. Group 2: Industry Context - The current phase of urban development in China is shifting from large-scale expansion to improving existing stock, with policies supporting the revitalization of existing assets [4]. - The construction of affordable rental housing on collective land aligns with the "rent and purchase coexistence" housing policy, effectively increasing the supply of affordable rental units and promoting the efficient use of rural land resources [4]. Group 3: Company Positioning - Vanke is one of the earliest companies to enter the rental housing market, successfully exploring a sustainable path through "stock activation + service enhancement + capital closure," which has improved operational efficiency and established a clearer business model [4][9]. - Vanke's rental business has achieved significant scale, managing 280,000 rental units nationwide, with an occupancy rate close to 95%, making it the largest provider of centralized apartments in China [8][9]. Group 4: Future Outlook - The innovative practices of Vanke's rental housing business provide solutions to industry challenges, focusing on activating existing resources and enhancing tenant experience through standardized services and smart management [9]. - The long-term rental business of Vanke is expected to contribute stable and lasting value to society, the industry, and citizens, as it continues to evolve and adapt to market needs [9].