Core Insights - The recent delivery of two large commercial properties, T-ONE and EIC, in Century City has generated significant attention, particularly due to extravagant handover gifts and high rental prices [1][2] - The rental prices for these properties have reached new heights, with T-ONE's 330㎡ units renting for 500,000 to 600,000 CNY annually, translating to a rental yield of 4.5%, which is three times higher than the average residential yield in Hangzhou [2][10] - EIC's 375㎡ units are even more expensive, with monthly rents exceeding 60,000 CNY, indicating a strong demand despite the lack of scenic views [2][3] Rental Price Analysis - T-ONE's 330㎡ units can achieve annual rents of 600,000 CNY, while EIC's 375㎡ units are quoted at 65,000 CNY annually, showcasing a competitive rental market [2][3] - The rental market for large units in Century City is thriving, with some properties nearing 100,000 CNY per month, indicating a robust demand from high-end clients [8][9] - The highest reported rent in the area was 250,000 CNY per month for a 700㎡ unit, highlighting the extreme rental potential for luxury properties [9] Market Demand Factors - The high rental prices are supported by the convenience of lifestyle amenities, with T-ONE featuring over 70,000㎡ of commercial space and EIC focusing on fine dining and upscale living [3][5] - The properties' design and quality, including high ceilings and luxury finishes, contribute to their appeal, making them attractive to affluent renters [6][7] - The target demographic primarily consists of top influencers and high-income individuals, who view these properties as both living spaces and essential tools for their content creation [9][10] Future Considerations - While current demand is strong, there are concerns that an increase in supply could lead to higher vacancy rates in the future, potentially impacting rental prices [11]