Index Research Institute: In March, the total number of rooms opened by the top 30 centralized long-term rental apartment companies reached 1.319 million, an increase of approximately 48,000 compared to the previous month.

China Index Research Institute released the 2025 March ranking of Chinese housing rental companies. According to the statistics of the China Index Research Institute, in March 2025, the TOP30 centralized long-term rental apartment companies had a total of 1.319 million units in operation, an increase of about 48,000 units compared to February. In terms of classification, among the TOP30 companies in operation, there were 11 real estate enterprises, 9 local state-owned enterprises, 5 entrepreneurial enterprises, 3 hotel enterprises, 1 intermediary enterprise, and 1 financial enterprise. Two local state-owned enterprises, Anjuleyu and Guanggu Anju, entered the ranking for the first time. Due to changes in the rankings and the opening of some stores, the scale of operation of entrepreneurial enterprises decreased by 12,000 units, while the scale of operation of real estate enterprises, local state-owned enterprises, and hotel enterprises increased by 11,000 units, 47,000 units, and 1,000 units respectively. Management scale ranking: Anjuleyu entered the ranking for the first time, with the total management housing stock of the TOP30 companies increasing to 1.884 million units. According to the China Index Research Institute, in March 2025, the total management housing stock of the TOP30 centralized long-term rental apartment companies reached 1.884 million units, an increase of about 53,000 units compared to February. In terms of classification, among the TOP30 in management, there were 11 real estate enterprises, 9 local state-owned enterprises, 6 entrepreneurial enterprises, 3 hotel enterprises, and 1 intermediary enterprise, with Anjuleyu entering the ranking for the first time. Compared to February, the scale of management of real estate enterprises, local state-owned enterprises, and entrepreneurial enterprises increased by 17,000 units, 34,000 units, and 2,000 units respectively. Market operation 1. Residential rental price index of 50 cities: In March, the average rent for residential properties in 50 cities decreased by 0.05% month-on-month and 3.40% year-on-year. In March 2025, after the phased release of rental demand in key cities stabilized, the average rent for ordinary residential properties adjusted slightly. According to the China Index's rental price index for 50 cities, in March, the average rent for residential properties in 50 cities in China was 35.3 yuan per square meter per month, a month-on-month decrease of 0.05%, compared to an increase of 0.01% the previous month; a year-on-year decrease of 3.40%, an increase of 0.15 percentage points from February. 2. Rental prices in key cities: 12 of the 50 cities saw a slight increase in average residential rent compared to the previous month, with a decrease in the number of cities. In March 2025, after the phased release of rental demand in key cities stabilized, the number of cities seeing rent increases has decreased. In March 2025, 12 cities saw an increase in average residential rent compared to the previous month, a decrease of 8 cities compared to February. Specifically, Shijiazhuang and Harbin saw an increase of more than 0.3%, with Shijiazhuang having the highest increase at 0.36%; Urumqi, Shenzhen, and 6 other cities saw increases between 0.1% and 0.3%, while 4 cities including Taiyuan and Shenyang saw increases of less than 0.1%. In March 2025, the average rent for residential properties in Hohhot remained unchanged compared to the previous month, with an increase of 1 city compared to February. In March 2025, 37 cities saw a decrease in average residential rent compared to the previous month, an increase of 7 cities compared to February. Specifically, 5 cities including Wenzhou and Beihai saw a decrease of more than 0.5%, with Wenzhou experiencing the largest decrease at 0.94%; 7 cities including Xiamen and Quanzhou saw decreases between 0.3% and 0.5%; 13 cities including Zhengzhou and Ningbo saw decreases between 0.1% and 0.3%; and 12 cities including Xuzhou and Nanchang saw decreases of less than 0.1%. Land information In March 2025, the top 22 cities completed 112 transactions of residential land, with a total planned construction area of approximately 7.88 million square meters, with Chengdu having the largest transaction volume. Specifically, Chengdu had a transaction volume exceeding one million square meters, while Chongqing, Hangzhou, Ningbo, Jinan, and Changchun had transaction volumes above 50,000 square meters. Wuhan, Shanghai, and 9 other cities had transaction volumes between 10,000 and 50,000 square meters, while Shenyang, Guangzhou, and Beijing had transaction volumes below 10,000 square meters. In March, the top 22 cities completed 8 transactions of land for leasing in Wuhan, Shanghai, and Fuzhou. Among the land transactions in the top 22 cities, 6 plots of land in Qingpu, Jiading, and Pudong New Area in Shanghai were planned to build 5% public rental housing, with a planned construction area of approximately 13,000 square meters. The Hanjiang District of Wuhan auctioned off the P(2025)016 plot of land for affordable rental housing (including talent apartments), with a total construction area not exceeding 4,318 square meters. Longhai County in Fuzhou completed a transaction for land for rental-type commercial housing, with a plot number of 350122-91-D-25.