How much does it cost to rent an apartment in Shenzhen?

The average rental price for a decent-sized apartment in the Futian District is about RMB 7,500. The rent can be as low as RMB 6,500 and as high as RMB 8,000. These apartments range from 85 to 90 square meters. However, depending on the floor area and the location, some apartments can cost RMB 30,000.

Can a foreigner rent a house in China?

For many years, Chinese government policy was to separate foreigners from the local population by making them live in specially designated and segregated (i.e. fenced-off) properties. Today, however, expatriates can live in, rent or even purchase housing in China on the same terms as the Chinese.

How much does a house in Shenzhen cost?

In 2020, the average sales price for residential real estate in Shenzhen was over 56 thousand yuan per square meters. It was the highest price among all major cities in China. The average price across the country was 15,192 yuan per square meter.

Is Shenzhen cheap to live in?

In 2019, Lonely Planet ranked Shenzhen as second in the world in the list of top 10 cities to visit. Shenzhen has a slightly higher cost of living than most cities in China but it is cheaper than 67% of cities in the world.

Is Shenzhen A good place to live?

All in all it’s great to live here. Living in Shenzhen is unlike any other place I have been to in China. The best part about it all for me is the convenient metro system, which can take you almost all the way to the airport, and down across the border into Hong Kong for your shopping needs, or island getaways.

How much is a meal in Shenzhen?

While meal prices in Shenzhen can vary, the average cost of food in Shenzhen is ¥115 per day. Based on the spending habits of previous travelers, when dining out an average meal in Shenzhen should cost around ¥46 per person. Breakfast prices are usually a little cheaper than lunch or dinner.

How is rent paid in China?

In China, rent is not paid on the first of every month, but usually in installments of every six months and sometime an entire year. If you are strapped for cash and unable to pay six months up front, it may be possible to negotiate making payments as frequent as every three months.

Is Shenzhen cheaper than Hong Kong?

Shenzhen is 54% cheaper than Hong Kong.

What is the price of a square foot of real estate in Shenzhen?

US$783 per square foot
Shenzhen ranked No 4 globally last year among major cities worldwide, with an average property price of US$783,855 (HK$6.1 million) or US$783 per square foot, according to CBRE.