SPFMC invested Jing Hua Fang public rental housing at Shanghai Jing Cheng has attracted widespread attention since its entry into the stage of normal supply in April, catapulting it to fast growth of occupancy rate. As of 17th June, Jing Hua Fang public rental housing has signed the lease contract with 1060 households in less than 3 months, accounting for 63.1% of the entire supply of rental apartments. A second batch of 430 households is queuing to choose the apartment in wake of preregistration, accounting for 25.6% of the total housing supply. Municipal PF Center and Public Rental Housing Operating Company of Minhang District are bracing for moving in of the second batch of 430 households by end of June as scheduled. By then, the total number of households having signed the Jing Hua Fang public rental housing lease contract shall reach 1490, namely, a signing rate of 88%.
Jing Hua Fang of Shanghai Jing Cheng is located at Lane 266 of Zhumei Road in Minhang District, covering an area of 46,000 square meters, with a building area of 116,700 square meters, It comprised 1680 sets of apartments, including 432 sets of one-bedroom apartments (each totaled 50 square meters of building area), 1144 sets of two-bedroom apartments (each totaled 75 square meters of building area) and 104 sets of three-bedroom apartments (each totaled 89 square meters of building area). The rent for Jing Hua Fang public rental housing is slightly below market level as determined, averaging 32.36 yuan per square meter per month.
