Property owners are also trying to get a piece of the Olympic pie. Short-term rents during the Olympic Games are six to eight times higher than normal.
Short-term rents during the Olympic Games are six to eight times higher than normal.
A two-room property could fetch up to 2000 yuan per day during the Games. This is almost as much as monthly rents during normal, non-Olympic times.
So far, there are few customers who have yet to show a willingness to deal with landlords with such high expectations. Most real estate agencies say they have not signed a contract with customers on these high-priced properties.
(CCTV April 15, 2008)