Tapping China’s idle housing supply and deploying innovative tech solutions, Qingke secures quality rental housing for urban young executives in crowded cities at affordable rates.
Why
Difficulty finding suitable housing
Tenants pay high commission to agents and three months’ deposit, yet room quality isn’t guaranteed.
Demand from twentysomethings
Workplace newbies in urban China cannot afford to buy, and aren’t entitled to subsidized housing.
Prevailing market inefficiencies
Overall, China’s housing vacancy rate is 35% but the rental market remains in short supply.
Market
RMB 4 trillion
Projected value of China’s rental market by 2030, versus RMB 1.1 trillion in 2016; growth driven by young executives from the provinces working in the metropoles.
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