Long-term leased apartments are a hot housing trend in Shanghai

Source:Global Times Published: 2018/2/25 16:58:39

Living and socializing

With continuing advancement of China's housing system that encourages both housing purchases and rentals, a new business model of long-term leased apartments is appearing in Shanghai. In these apartments live many young people from other cities who struggle with expensive urban life. Shanghai Observer recently recorded the lives of some people in long-term leased apartment compounds in the city.

On a wall of a long-term leased apartment compound in Minhang district, there were a variety of event notifications. In an unmanned convenience store, tenants can choose their desired commodities and pay for their shopping by scanning QR codes at the check-out computer by themselves. In the public area on the first floor of an apartment building, there are tables and fitness equipment for tenants to socialize or exercise.

There are three major apartment layouts in this compound. The more popular types are the 15-square-meter and 20-square-meter apartments. Both types are suitable for one person to live in. There are about 140 apartments of these types. The compound also has some larger 35-square-meter apartments suitable for two people. The rent for these apartments ranges from 2,480 yuan ($391.64) to 3,280 yuan.

Every apartment is equipped with basic furniture such as beds, desks and wardrobes. There are also home appliances such as washing machines, refrigerators and air-conditioning. Each apartment has its own bathroom.

Compared with temporary housing, long-term leased apartments are under centralized management. The decoration of these apartments is also more modern. A 24-year-old tenant surnamed Wang told the Shanghai Observer that this was the second Spring Festival she spent in Shanghai.

Last spring, she lived in an old-style residential compound. The apartment facilities were old and the living environment was unsatisfactory. After living there for five months, she moved into a long-term leased apartment.

Although the rent is a bit higher than that of temporary housing, the compound is regularly patrolled by security guards. The furniture and decor are also more fashionable. Compared with old-style residential compounds, the long-term leased apartment compound meets her expectations toward an ideal living environment.

Friends and activities

At another long-term leased apartment compound on Guyang Road North in Songjiang district, tenants who stayed in Shanghai during this year's Spring Festival enjoyed their Chinese New Year's Eve dinner together.

A 29-year-old basketball coach surnamed Zhou spent Spring Festival in Shanghai this year with his parents coming here from their hometown. He thought spending the Chinese New Year with other tenants was more relaxed and carefree than spending the holiday in his hometown, as nobody here asked him about his job and nobody urged him to get married.

Zhao Zhuonan moved to a long-term leased apartment more than one month ago. He often takes part in group activities such as BBQ or classes organized by his neighbors through WeChat. He has also found a badminton partner from his own hometown. When he goes jogging, he can meet up with colleagues living on other floors of his apartment building.

For young tenants like Zhao, one of the core attractions of long-term leased apartments is the socializing space that they provide. Different from old-style residential compounds which only provide living quarters, long-term leased apartments under a centralized management offer tenants opportunities for close contact with each other and to ease the loneliness of living alone in an unfamiliar city.

A manager of a long-term leased apartment compound told the media that many tenants found their spouses in the compound and still live in the compound.

This article was translated from a report by Shanghai Observer.

Photo: VCG



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