Shanghai plans to build thousands of homes for renting, earmarked for low-income residents, start-up entrepreneurs and professionals working in the technology sector. Photo: Xinhua

‘Life is extremely difficult’: high rents in China’s big cities a challenge for migrant workers

  • Shanghai has about 10 million residents who have come from other parts of China. Most cannot buy property locally
  • 750,000 new rental homes to hit markets in Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and Chengdu by the end of 2022, according to JLL
Topic |   China property

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Shanghai plans to build thousands of homes for renting, earmarked for low-income residents, start-up entrepreneurs and professionals working in the technology sector. Photo: Xinhua
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