RH-CD-2025

Chengdu Rental Housing Market: 2021–2025 Evolution and 2025 Review

成都住房租賃市場：2021—2025年演進與2025年深度觀察

Chengdu rental housing market research, 2021–2025: Executive Summary, Research Scope and EILT Model; Policy evolution and operating impact; Market Scale and Product Supply; Rent, Occupancy and Demand Anchors; Capital Markets, Risks and Recommendations.

Key findings

1. Reconstructed year-end 2025 supply reached about 60,000 units, up by roughly 17,900 from 2024.
2. Youth apartments represented about 40,300 units, or 67.1%, and rental communities about 17,900, or 29.9%, together 97.0% of supply.
3. EILT Tiers 1–3 contained about 45,500 units, or 75.8% of citywide supply; Tier 3 was the largest tier with about 29,700 units.
4. Sample average rent was about RMB 2.16 per sq m per day in 2025 and occupancy about 91.0%, with high-end apartments leading rent and youth apartments leading occupancy.
5. Comparable supply increased by about 19,700 units from 2023 to 2025, driven mainly by youth apartments and rental communities.
6. From 2021 to 2025, Chengdu policy expanded from affordable-rental mobilisation toward existing-asset activation, talent housing, rental regulation and urban renewal.

What's inside

1. Executive Summary, Research Scope and EILT Model04—07
2. Policy evolution and operating impact08—17
3. Market Scale and Product Supply18—33
4. Rent, Occupancy and Demand Anchors34—46
5. Capital Markets, Risks and Recommendations47—51

Who it is for

• Institutional investors evaluating entry into the Chengdu rental housing market
• Developers and operators planning youth apartments and rental communities
• Asset managers sourcing REIT-eligible rental assets
• Policy analysts tracking rental housing regulation