Real Estate

Chongqing Real Estate Information

Due to Chongqing’s abundance of industrial parks and economic competition with neighboring provinces, rent prices are quite competitive.  Rent prices for industrial manufacturing and warehouse facilities in Chongqing during the first half of 2010 averaged approximately RMB 13.5 per square meter per month, yet in 2011 it rose to RMB 14.8 per square meter. Utility costs for industrial purposes have been on the rise since power shortages occurred across the nation in early 2011. Manufacturing facilities throughout the past five years have been expanding so quickly that China’s infrastructure is finding it hard to supply the necessary resources to keep up. In some cases, China has cut back production hours to meet electricity and water supply. As China has struggled to meet electricity needs throughout the nation, the cost of electricity, from 2010 to 2011, increased by RMB 0.012 per kilowatt hour ($0.004 per kwh). In 2010, Chongqing’s electricity cost ranged from RMB 0.49 to RMB 0.64 per kilowatt-hour and in 2011, it rose to an average of RMB 0.56 per kilowatt hour. The cost of water slightly changed as well in the first half of 2011 to RMB 3.5 per cubic meter, from RMB 2.8 to RMB 4.3 per cubic meter.

For more information, please view our Guide to Real Estate Prices in China and our Guide to Manufacturing Utility Costs in China.

Please click here for a list of Industrial Parks in Chongqing that are specially developed for foreign investments and often times offer special incentives and/or programs for foreign companies.

A Note on Industrial Parks: Most new and developing industrial parks in China conduct real estate deals in-house instead of using third-party brokerage services.

Agency Description
CBRE Global real estate services firm with offices throughout China
Jones Lang LaSalle Financial and professional services firm specializing in global real estate service

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