Rental yield of old, dilapidated small apartments in Beijing

PortfolioAlert · 2026-03-24T03:53:44+00:00

The article discusses real estate properties around 3 million RMB in Beijing, pointing out that some older public housing has lower prices but rental returns of less than 2%. Using the North Fourth Ring Road and Jingsong areas as examples, it analyzes property prices, rents, and returns, questioning online claims about high-return rental investments.

PortfolioAlert

2026-03-24 03:53:44

Abstract generation in progress

Someone mentioned houses in Beijing around 3 million yuan.
I’m a bit puzzled because I haven’t seen such low prices before.
But after searching, there are indeed many—old public housing, and they don’t seem too run-down.

For example, An Yuan Li near the Olympic Sports Center on the Fourth Ring Road North.
Price per square meter is 60,000, about 60 square meters, rent around 6,000 yuan, total price 3.6 million, annual rent less than 70,000 yuan, with a return of less than 2%.

I also looked at Jing Song, which I’ve always found strange because the prices are so low.
Jing Song Area 1.
Price per square meter is 45,000, over 50 square meters, exactly 3 million, monthly rent might be over 4,000 yuan, annual rent around 50,000 yuan, also less than 2% return.

These can’t really be considered very run-down, right? When I got married with my wife, we lived in a place like this for many years.

So, where does online say you can buy old, dilapidated small apartments and get over 3% rental yield? Can you find that in Beijing?
Everyone is welcome to share pictures.

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