Gongshu District is currently witnessing a massive transformation as the Grand Canal revitalization drives premium residential developments along the waterfront. While current m² Prices average ¥41500, limited new supply in core northern hubs is pushing valuations higher for secondary properties. The local Cost of Living remains balanced compared to neighboring West Lake, though high-end service sectors are expanding rapidly. Our Investment Outlook is bullish for long-term holds as the district successfully transitions from its industrial roots to a high-tech residential powerhouse.
Avg Buy
Avg Rent
Districts Analysed
This area offers a peaceful canal-side lifestyle with high concentrations of top-tier primary schools and cultural museums.
The abundance of modern Grade-A office towers and integrated shopping malls makes it the district's premier live-work destination.
It offers the most competitive entry-level prices in Gongshu while benefiting from recent expansions of the Hangzhou Metro network.
Top-rated zones for tenants
Gongshu District has 1 analyzed neighborhoods with a citywide average rent of ¥70/m² per month. Each district below is rated on our 1-5 scale and classified from "Trenches" (best value) to "Final Boss" (luxury tier). Click any neighborhood to see the full price breakdown, local highlights, and our verdict on whether it is fairly priced.
Gross rental yield for Gongshu District: 2.0% annually based on average rent vs. buy prices.
Yes, residential properties held for over five years that serve as the owner's sole family residence are exempt from individual income tax and value-added tax.
Non-local residents generally must provide proof of social security or individual income tax payments for a specific period, though 2026 talent-attraction policies have eased these for skilled workers.
For purchases, the standard commission is typically 2-3% of the sales price, while rentals usually involve a fee equal to 50% of one month's rent.