The 9 Different Types of Properties in Shanghai

Shanghai, as Asia's economic, financial, trade and shipping center, has a prosperous and diversified rental market to meet different needs.

The property types in Shanghai range from traditional old houses and lane houses, to modern apartments, villas and serviced apartments.

Here is a breakdown of the various property types:

1. Apartment

Apartments are one of the most common types of rental property in the Shanghai rental market, typically located in the city center or areas with convenient transportation.

The apartment has complete internal facilities, including bedrooms, living rooms, kitchens, and bathrooms, suitable for singles, couples, or small families to live in.

The apartment management is standardized, providing 24-hour security, maintenance services, etc., and the living experience is good.

The rental price of the apartment may vary depending on the degree of decoration and supporting services.

2. Villa

Villas are representative of the high-end property market and are usually located on the outskirts of cities or in scenic areas.

With separate courtyards and gardens, the villa is spacious and luxuriously decorated. The villa offers a high quality of living and privacy.

The villa is suitable for families seeking a high quality of life, but the rent is relatively high.

3. Serviced Apartment

A serviced apartment is a type of rental property that integrates multiple functions such as residential, hotel, and clubhouse.

Service apartments typically offer hotel style services such as 24-hour front desk, room cleaning, laundry and ironing, and meal delivery.

The tenants of serviced apartments are mostly business people or long-term business travelers who pursue convenient and comfortable living experiences.

The rent for serviced apartments usually includes property fees, utilities, etc., and tenants do not need to pay extra.

4. Lane House

Lane house is a unique type of rental property in old Shanghai, usually located in the historical and cultural districts in the center of the city.

The lane house retains the architectural style and cultural heritage of the old Shanghai, while carrying out modern transformation and decoration.

Tenants can feel the charm and charm of old Shanghai here, while enjoying modern living facilities and services.

5. Old Western-style House

Old western-style houses are treasures of Shanghai's historical and cultural heritage, usually located in bustling areas of the city center.

These properties have a unique European style and profound historical heritage, with luxurious and artistic interior decoration.

Old houses are suitable for people who pursue unique living experiences and historical and cultural atmospheres.

However, due to limited quantity and high protection value, the rent for old houses is usually high and difficult to rent.

6. Shared Property

Shared property refers to the way in which multiple people share a house and share the rent, utilities and other expenses.

Shared property is usually located in urban centers or areas with convenient transportation, which is suitable for young people who are on a limited budget but pursue a convenient life.

The rent of a shared property is relatively low, but you need to pay attention to issues such as getting along with roommates and hygiene.

7. Short Term Rental Property

Short-term rental property refers to a short rental period, which is usually suitable for tourists, business trips or temporary residence.

The rent for short-term rental property is calculated on a daily or weekly basis, and tenants can choose the appropriate rental period and room type according to their needs.

Short term rental property is more common in tourist attractions, business districts, and other areas of Shanghai.

8. Ordinary Residential Properties

Ordinary Residence refers to residential buildings built in the 1970s and 1980s, usually located in the old city or workers' new village.

Although these properties are old, they are strategically located and the rent is relatively low.

The internal facilities of the ordinary residential properties are relatively simple, but it can also provide a good living experience after renovation and transformation.

9. Indemnificatory Housing

Indemnificatory housing is a type of property built by the government to solve the housing difficulties of low- and middle-income families, including low-rent property, public property and so on.

The rent for these units is below market rate and the application requirements are strict.

Most of the tenants of affordable housing are eligible low-income families or special groups.

Conclusion

The property rental market in Shanghai is rich and diverse, and tenants can choose the appropriate type of housing based on their needs and budget.

During the rental process, it is important to pay attention to factors such as the location, transportation, facilities, and rent of the property, and carefully review the contract terms to avoid unnecessary disputes.

If you are planning to rent a property in Shanghai, please Contact US to help you find a suitable property.

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