Shenzhen, China
Property prices · 2024 · Asia
Property price trend in Shenzhen (2024–2026)
Property comparison — cities in China (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Shenzhen |
|---|---|---|---|---|
| Shenzhen | CNY 95,000 | CNY 65,000 | CNY 8,500 | — |
| Beijing | CNY 92,000 | CNY 55,000 | CNY 9,200 | -3.2% |
| Shanghai | CNY 85,000 | CNY 48,000 | CNY 8,500 | -10.5% |
| Guangzhou | CNY 65,000 | CNY 45,000 | CNY 6,800 | -31.6% |
| Hangzhou | CNY 52,000 | CNY 36,000 | CNY 5,800 | -45.3% |
| Chengdu | CNY 38,000 | CNY 26,000 | CNY 4,200 | -60% |
| Chongqing | CNY 25,000 | CNY 17,000 | CNY 3,200 | -73.7% |
| Wuhan | CNY 22,000 | CNY 15,000 | CNY 3,000 | -76.8% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Shenzhen in 2024?
In Shenzhen, the average price per sqm in the city centre is CNY 95,000, and CNY 65,000 outside the centre (2024 data). Prices have risen 8.2% since 2024.
How much is rent in Shenzhen in 2024?
A 1-bedroom apartment in Shenzhen rents for approximately CNY 8,500 per month in 2024. A 3-bedroom apartment costs around CNY 14,000/month.
Is it better to buy or rent in Shenzhen?
Renting is generally more cost-effective in Shenzhen. The price-to-rent ratio is 46.0x — it would take approximately 46.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.60%.
What are mortgage rates in China in 2024?
The average mortgage rate in China is approximately 4.60% as of 2024. With a price-to-rent ratio of 46.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Shenzhen?
The average property price per square metre in Shenzhen city centre is CNY 95,000 in 2024. Outside the centre, expect to pay around CNY 65,000/sqm.