China Index Academy data show 50-city average residential rent in October was 33.87 yuan/sq m/month, down 0.28% MoM (widening 0.11pp from September) and down 2.02% YoY (narrowing 0.21pp). The institute said the slightly larger MoM decline reflects normal Q4 seasonal weakness as the housing-rental market enters a low-demand period with weaker activity and softer landlord listing expectations. Only five of the 50 cities recorded MoM rent gains. Shanghai and Shenzhen extended rent increases to an e

China Index Academy data show 50-city average residential rent in October was 33.87 yuan/sq m/month, down 0.28% MoM (widening 0.11pp from September) and down 2.02% YoY (narrowing 0.21pp). The institute said the slightly larger MoM decline reflects normal Q4 seasonal weakness as the housing-rental market enters a low-demand period with weaker activity and softer landlord listing expectations. Only five of the 50 cities recorded MoM rent gains. Shanghai and Shenzhen extended rent increases to an eighth consecutive month in October: Shanghai average rent 85.04 yuan/sq m/month, up 0.25% MoM with stronger gains in Xuhui, Songjiang, Fengxian and Hongkou; Shenzhen average 83.21 yuan/sq m/month, up 0.11% MoM.