Middle Finger Research Institute: In January, the total number of housing units opened by the top 30 centralized long-term rental apartment companies reached 1.263 million, an increase of approximately 7,000 units compared to the previous month.

On February 11th, according to the statistics from the China Index Research Institute, in January 2025, the total number of operating units opened by the top 30 centralized long-term rental apartment companies reached 1.263 million, an increase of about 7,000 units from December. In terms of classification, among the top 30 open units, there were 12 housing leasing enterprises affiliated with construction companies, 7 affiliated with local state-owned enterprises, 6 affiliated with startups, 3 affiliated with hotels, 1 affiliated with intermediaries, and 1 affiliated with financial institutions. At the beginning of the year, the number of new operating projects for long-term rental apartment companies was limited, with the opening scale of hotel-related and construction company-related units increasing by 5,000 and 1,000 units respectively. Management scale: The total number of managed units by the top 30 enterprises increased to 1.827 million According to the statistics from the China Index Research Institute, in January 2025, the total number of managed units by the top 30 centralized long-term rental apartment companies reached 1.827 million, an increase of about 7,000 units from December. In terms of classification, among the top 30 management units, there were 12 housing leasing enterprises affiliated with construction companies, 8 affiliated with local state-owned enterprises, 6 affiliated with startups, 3 affiliated with hotels, and 1 affiliated with intermediaries. Compared with December, the management scale of hotel-related and construction company-related units increased by 6,000 and 1,000 units respectively. Enterprise dynamics Construction and operation In January, many state-owned enterprises in various regions actively promoted the construction and operation of rental housing projects such as protected rental housing or talent apartments. For example, the first high-rise concrete modular building in China's high-density urban area, planned and built by Shenzhen Anju, was fully capped. Projects like Tianjin Investment Group's "Yujia", Renhu Li, Blue Bay Apartments, Wuhan Chengtou An Jiale YuleAir Harbor New City Store, Hangzhou Lin Kong Jian Investment Group's Ling Kong Talent Xing Yu, and Chengdu Airport Development Group's Air Harbor SuizhuRunge Yayuan were opened or started trial operation one after another. At the same time, well-known brand operators such as Youchao also introduced several projects to the market, such as Nanjing's first Youchao International Apartment Community Jiangxin Zhou Store, and Ningbo Choubi Store, as well as Youchao ApartmentChengdu Zhaojuesi Store for registration. Business expansion In January, Ascott and Optics Valley International Community officially signed a cooperation agreement to plan to create nearly 500 units of apartments and hotel units, introducing a mature international accommodation product sys...A total of 1842 sets of affordable housing projects built by the industrial park and companies have been completed and put into use.Hainan Province: In 2024, the investment and completion of affordable housing projects in the province both exceeded the annual plan. The province completed 20,400 sets of affordable housing, raised 3,929 sets of affordable rental housing, provided housing rental subsidies to 17,600 households, started the construction of 8,276 sets of resettlement houses in urban villages, renovated 1,598 households in reclaimed areas, and delivered 5,239 sets of resettlement houses for shantytown renovation. Jinan: Statistics show that in 2024, the city raised 15,400 sets of affordable rental housing, and issued a total of 49,000 subsidies for rental housing, totaling 168 million yuan. Additionally, it issued 423 million yuan in housing subsidies to nearly 3,800 high-level talents. Xiangtan: Construction of 967 sets of affordable rental housing has begun, with a 100% construction rate, and 1,941 households have received rental subsidies, with a completion rate of 115.88%. Market Operation 1. Residential rental price index of 50 cities: In January, the average rent for residential properties in 50 cities dropped by 0.40% compared to the previous month, and by 3.31% year-on-year. In January 2025, as the Spring Festival approached, the demand for housing rentals remained subdued. The average rent in key cities continued to decline slightly, but the rate of decline narrowed compared to December 2024. According to the residential rental price index of 50 cities, in January, the average rent for residential properties in 50 cities in the country was 35.3 yuan per square meter per month, a decrease of 0.40% compared to the previous month, narrowing by 0.15 percentage points from December 2024. Year-on-year, there was a 3.31% decrease, expanding by 0.06 percentage points from December 2024. 2. Rental prices in key cities: Only 2 of the 50 cities saw an increase in average residential rents compared to the previous month In January 2025, only two cities saw an increase in average residential rents compared to the previous month, a decrease of three cities compared to December 2024. Specifically, Harbin saw an increase of 0.14%, and Dongguan saw an increase of 0.02%. In January 2025, 48 cities saw a decrease in average residential rents compared to the previous month, an increase of three cities compared to December 2024. Specifically, Jiaxing saw the largest decrease, at 1.12%; Hangzhou, Wenzhou, and 13 cities experienced a decline between 0.5%-1.0%; Ningbo, Hohhot, and 17 cities experienced a decline between 0.3%-0.5%; Guiyang, Nanning, and 12 cities experienced a decline between 0.1% to -0.3%; Urumqi, Shenzhen, and 5 cities experienced a decline of less than 0.1%. Land Information A total of 63 land transactions involving residential use were completed in 22 key cities, with Hangzhou having the largest transaction volume. In January 2025, a total of 63 land transactions involving residential use were completed in 22 key cities, with a total planned construction area of approximately 3.88 million square meters. Specifically, Hangzhou and Suzhou both had transaction volumes exceeding 500,000 square meters, Beijing, Changsha, and 6 other cities had transaction volumes between 200,000-500,000 square meters, Guangzhou, Zhengzhou, and Shenzhen had transaction volumes between 100,000-200,000 square meters, and Chengdu, Shenyang, and 6 other cities had transaction areas of less than 100,000 square meters. In January, only 1 land transaction related to rental use was completed in the key 22 cities. Of the residential land transactions completed in the key 22 cities in January, only a plot in Songjiang district of Shanghai with 5% of land allocated for public rental housing, with a planned construction area of approximately 3,487 square meters.