The gruelling, six-hour commute of Beijing’s workers
8 years, 1 month ago

The gruelling, six-hour commute of Beijing’s workers

BBC  

The gruelling, six-hour commute of Beijing’s workers China six-hour commute High rental costs in China's capital have forced workers to travel for six or more hours a day to work. She is one of hundreds of thousands of white-collar workers who spend on average six hours – and sometimes up to nine hours or more – travelling to and from Beijing to work each day. The capital’s soaring property market is pricing thousands of young workers out of the city and into commuter towns like Yanjiao. According to a 2016 report by the Global Cities Business Alliance, Beijing is the world’s most expensive city for renters, with average prices 1.2 times higher than average salaries.

China Work Workers Beijing Commute Yanjiao  property  work  hours  average  gruelling  yanjiao  young  beijing  prices  sixhour  city  beijings  workers  commute

History of this topic

Falling prices signal bigger troubles ahead for China’s economy
3 weeks, 3 days ago

Falling prices signal bigger troubles ahead for China’s economy

Associated Press  

BEIJING — When he bought an apartment near a good high school in northeast Beijing in 2020, Zhou Fujin expected that renting it out would cover most of his mortgage. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print “Given that I work in the real estate sector, my income has been greatly affected,” Zhou told …

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn
7 years, 10 months ago

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn

China Daily  

An China's sky-high apartment prices and its footloose generation of millennials are fuelling demand for rental apartments, driving investment by foreign private equity funds and Chinese real estate developers. But that is beginning to change as home price gains far outpace income growth, making the prospects of buying a home an increasingly distant dream for many young Chinese. Newer generations …

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn
7 years, 10 months ago

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn

China Daily  

An China's sky-high apartment prices and its footloose generation of millennials are fuelling demand for rental apartments, driving investment by foreign private equity funds and Chinese real estate developers. But that is beginning to change as home price gains far outpace income growth, making the prospects of buying a home an increasingly distant dream for many young Chinese. Newer generations …

Young Chinese look beyond big expensive cities
7 years, 11 months ago

Young Chinese look beyond big expensive cities

China Daily  

Neon lights glow against the darkening sky in this night view of the Ping An International Finance Center and other skyscrapers in Shenzhen, South China's Guangdong province. China's first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen are becoming less attractive for the country's young brains, a new survey shows. Almost a quarter of respondents to the survey conducted by …

Young Chinese look beyond big expensive cities
7 years, 11 months ago

Young Chinese look beyond big expensive cities

China Daily  

chinadaily.com.cn | Updated: 2017-04-11 13:18 Neon lights glow against the darkening sky in this night view of the Ping An International Finance Center and other skyscrapers in Shenzhen, South China's Guangdong province. China's first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen are becoming less attractive for the country's young brains, a new survey shows. The survey results showed that …

Top 10 Chinese cities with highest housing rent[1]- Chinadaily.com.cn
8 years, 9 months ago

Top 10 Chinese cities with highest housing rent[1]- Chinadaily.com.cn

China Daily  

In China's first-tier and major second-tier cities, the surging home price is crushing young people. Its average housing rent is the highest among cities in China, according to CityRE Data, a Chinese real estate information collection and processing company. In Beijing, the average housing rent is 71.24 yuan per month per square meter, up 13.46 percent compared to last year. …

8 Chinese cities among world's most expensive
9 years ago

8 Chinese cities among world's most expensive

China Daily  

Night view of Beijing's business center in Chaoyang district, April 23, 2015. Among the world's 60 most expensive cities, China now has 8, said the Economist Intelligence Unit in its latest report. Shanghai, China's number one, has moved up two places and ranks 11th in the world in terms of cost of living, said the EIU, followed by Shenzhen and …

8 mainland cities among world's most expensive
9 years ago

8 mainland cities among world's most expensive

China Daily  

Night view of Beijing's business center in Chaoyang district, April 23, 2015. Among the world's 60 most expensive cities, Chinese mainland now has 8, said the Economist Intelligence Unit in its latest report. Shanghai, Chinese mainland's number one, has moved up two places and ranks 11th in the world in terms of cost of living, said the EIU, followed by …

8 mainland cities among world's most expensive
9 years ago

8 mainland cities among world's most expensive

China Daily  

Night view of Beijing's business center in Chaoyang district, April 23, 2015. Among the world's 60 most expensive cities, Chinese mainland now has 8, said the Economist Intelligence Unit in its latest report. Shanghai, Chinese mainland's number one, has moved up two places and ranks 11th in the world in terms of cost of living, said the EIU, followed by …

Real estate gave better returns in 10 years than other sectors
9 years ago

Real estate gave better returns in 10 years than other sectors

China Daily  

A garbage collector rides his tricycle as he looks for recyclable items on the streets of Beijing May 26, 2014. Real estate has been more profitable than other investments, such as stocks, over the past decade as housing prices in metropolises soared, according to a new survey. The housing prices of Beijing rose from an average of 7,300 yuan per …

More join shared economy by renting spare rooms[1]- Chinadaily.com.cn
9 years, 1 month ago

More join shared economy by renting spare rooms[1]- Chinadaily.com.cn

China Daily  

More homeowners are now looking to rent out their properties on a short-term basis, according to the latest figures from rental site Xiaozhu.com. "We are seeing more hosts from first- and second-tier cities renting out their apartments, and some are even renting out small commercial properties such as bookstores and flower shops they own," said Chen. Not surprisingly, the big …

More join shared economy by renting spare rooms[1]- Chinadaily.com.cn
9 years, 1 month ago

More join shared economy by renting spare rooms[1]- Chinadaily.com.cn

China Daily  

More homeowners are now looking to rent out their properties on a short-term basis, according to the latest figures from rental site Xiaozhu.com. "We are seeing more hosts from first- and second-tier cities renting out their apartments, and some are even renting out small commercial properties such as bookstores and flower shops they own," said Chen. Not surprisingly, the big …

Chinese beginning to get more bang for their bucks[1]
9 years, 6 months ago

Chinese beginning to get more bang for their bucks[1]

China Daily  

Chinese beginning to get more bang for their bucks Updated: 2015-09-19 10:00 By Du Juan Customers buy Apple's products in a Apple store in Shanghai,Aug 25, 2015. The purchasing power of workers in Shanghai and Beijing is growing closer to that in many European cities, according to a report published on Thursday by United Bank of Switzerland AG, a global …

Shanghai, Beijing becoming as expensive as European cities
9 years, 6 months ago

Shanghai, Beijing becoming as expensive as European cities

China Daily  

The living cost in Shanghai and Beijing is higher than Madrid as the cost of living in the two cities rises to the level of Europe, according to a report published on Thursday by the United Bank of Switzerland AG, a global financial service company. Workers in Hong Kong only have to work on average nine minutes to be able …

China's rich look abroad as home prices fall, others stay put[1]- Chinadaily.com.cn
10 years, 8 months ago

China's rich look abroad as home prices fall, others stay put[1]- Chinadaily.com.cn

China Daily  

Apartment buildings are seen in a residential area at Pudong district in Shanghai August 2, 2013. Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any time soon. "Smart money" checking the …

High-end residential projects still popular in Beijing[1]- Chinadaily.com.cn
10 years, 8 months ago

High-end residential projects still popular in Beijing[1]- Chinadaily.com.cn

China Daily  

Demand for high-end residential property continues to be robust in Beijing, with prices still high, said a report released on Wednesday, even as a land auction in Shanghai set a record. From April to June, in the high-end Beijing residential market, the average price increased by 9.5 percent quarter-on-quarter to 56,307 yuan per square meter, said the report released by …

北京写字楼租金超纽约和东京
11 years, 1 month ago

北京写字楼租金超纽约和东京

China Daily  

查看原文 Beijing’s persistent smog seems to have put a dent in the city’s appeal to tourists. The blanket of toxic smog hasn’t hurt Beijing’s office market, which jumped up three notches on a global ranking by Cushman & Wakefield to become the fourth-most-expensive location to rent office space in the world. According to the real estate firm’s “Office Space Around …

北京写字楼租金超纽约和东京
11 years, 1 month ago

北京写字楼租金超纽约和东京

China Daily  

查看原文 Beijing’s persistent smog seems to have put a dent in the city’s appeal to tourists. The blanket of toxic smog hasn’t hurt Beijing’s office market, which jumped up three notches on a global ranking by Cushman & Wakefield to become the fourth-most-expensive location to rent office space in the world. According to the real estate firm’s “Office Space Around …

China’s urbanization drive: ‘Sim City’ on steroids
11 years, 2 months ago

China’s urbanization drive: ‘Sim City’ on steroids

CNN  

Editor’s Note: This month’s episode of On China with Kristie Lu Stout focuses on the country’s rush to urbanize and airs for the first time on Wednesday at 0530 ET. For all viewing times and more information about the show please Story highlights Half of population now lives in cities, but push to urbanize has had mixed results China has …

Housing prices force exodus to suburbs
11 years, 8 months ago

Housing prices force exodus to suburbs

China Daily  

Sky-rocketing housing prices have forced many people in Beijing to move out to distant suburbs in search of more affordable homes. Inner-city Beijing has boomed as a commercial district while remote suburbs have become sprawling residential zones. Liu said, "In recent decades, we have seen a housing boom in suburban areas, but we have not seen equal boom of jobs …

Rising rents crushing dreams
13 years, 6 months ago

Rising rents crushing dreams

China Daily  

Rising rents crushing dreams Updated: 2011-09-09 16:24 BEIJING - Happiness weighs heavily on the minds of most people from time to time, but rising rents are practically crushing Beijing's white-collar workers, tearing them away from a sense of happiness and dream-fulfillment. The core issue is Beijing's unbalanced housing supply and demand, said Hu Jinghui, vice president of 5i5j Real Estate …

Price pressure on the home front
15 years, 2 months ago

Price pressure on the home front

China Daily  

Top Biz News Price pressure on the home front By Yu Tianyu Updated: 2010-01-04 08:06 For 25-year-old He Fan, Beijing is not a city of fashion, romance and fantasy, but one of pressure, struggle and property. In the recent hit Chinese television drama, "Dwelling Narrowness", one of the main characters becomes the mistress of a government official in order to …

Luxury apartments push up housing prices in Shanghai
15 years, 8 months ago

Luxury apartments push up housing prices in Shanghai

China Daily  

Luxury apartments push up housing prices in Shanghai By Qiang Xiaoji Updated: 2009-07-08 13:35 The soaring trading volume of luxury housing, together with developers' move to raise housing prices, has pushed up the average housing price in Shanghai to approach 17,400 yuan per sq m, the record set in June 2008, the Shanghai-based Oriental Morning Post reported on Tuesday. Figures …

Housing prices in major cities up 8.9% in September
17 years, 5 months ago

Housing prices in major cities up 8.9% in September

China Daily  

Housing prices in major cities up 8.9% in September Updated: 2007-10-26 16:12 Housing prices in 70 large and medium-sized Chinese cities rose by 8.9 percent year-on-year in September, the National Bureau of Statistics said in Beijing on Friday. Special Coverage: Housing in China Related readings: Affordable housing prices down in major cities Beijing average housing prices up 1,000 yuan since …

Housing prices rise with luxury home boom
18 years, 4 months ago

Housing prices rise with luxury home boom

China Daily  

Updated: 2006-11-06 16:30 The average price of a new property sold in Shanghai rose by 7.8 percent to 8,571 yuan per square meter last week on a week-by-week basis, despite a decline in the transaction volume, Shanghai Evening Post said yesterday. The average price of a new residence increased significantly to 7,944 yuan per square meter, up 13 percent from …

Discover Related