The impact of COVID-19 on the Beijing and Guangzhou rental markets is somewhat similar. When new international assignees were restricted from entering the cities, the demand for expatriate-quality housing dropped and rents became more negotiable, like many other large business hubs across Asia.
After eight weeks without any domestically transmitted coronavirus cases, Beijing now faces more than 180 new COVID-19 cases over the last five days. Authorities believe this recent outbreak originated at the Xinfadi wholesale farmer’s market in Fengtai District.
When I took the metro at 6am on a Sunday morning in Beijing, trains were running every three minutes. This past quarter I surveyed six cities in China. The largest of these cities, Beijing, Shanghai, and Chengdu, all have modern and efficient metro systems.
AIRINC and Worldwide ERC are organizing a half-day briefing to share key global mobility trends from AIRINC’s survey and discuss how companies can structure its mobility operations, policies, and assignment packages to effectively deploy cross-border transfers and meet business objectives.
We’ve all seen pictures of hazy Beijing streets with people walking in masks, and that image is not far from the reality I found while on survey.