Apartments Near Shenzhen Border Areas Increases Rent
Nowadays it’s becoming increasingly expensive to rent apartments at border areas in Shenzhen which is highly sought after due to the convenience for frequent border crossers. Since Shenzhen and Hong Kong are continuing to integrate businesses, more people are crossing regularly to work, shop, and study or invest. That is one of the reason apartments near checkpoints are hot items.
Apartment rentals near checkpoints saw a demand among many Shenzhen residents with children are studying across that border. Furthermore a lot of Shenzhen parents have given birth to children in Hong Kong for the past years and are renting homes in border areas to get the advantages of Hong Kong that are available for their children.
The National Bureau of Statistics of China released statistics which showed that home rental prices have increased by 3.7 percent in March. But data from Shenzhen showed that home rental prices have increase by 10 percent last month. A 90 square meter apartment in Futian Checkpoint cost 4,500 yuan as month in January, but this month the rent has increased to 5,000 yuan. A 40 square meter apartment cost 3,200 yuan is now at 3,500 yuan.