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The biggest Chinese cities offer a large choice of accommodation at different prices and different level of comfort.
If your Chinese speaking level and budget allow it, you can go and ask directly for services from real estate agencies, which are used to working with foreigners. In this way, it can be possible for you to visit many apartments in one day.
In Shanghai or Beijing, you can live comfortably at very good prices. They are building several apartments, which can give you the feeling that there is a high demand. However, some of the new apartments are too expensive for Chinese people.
Apartments for Expats are managed by government-run organizations. The prices have recently declined. Count 4000 RMB per month for a 100 m² apartment in the center of the city. When you visit the apartment we recommend you to check if the heating is working. In China, it is possible to negotiate the rent according to the length of the contract and the location of the apartment. The lease can be signed for the length that you want. Often, it is possible to sign for only a 6 month lease.
You can also buy your own apartment in China. For this, contact real estates agencies.
With regard to roommates, if you choose to do live with a Chinese national, make sure that it is allowed by the law and check in the security office of the area. Student's residencies are also available to students but the standards can come below those that foreign students are used to. Our Advice: Always operate through a signed contract!
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Housing is always a hot topic with expats so ExpatsInChina has created a housing guide for your convenience. We hope you will find it useful. And as usual, feedback is always appreciated on what we're doing right, and what you would like to see in the future. 
Villa-type housing is also available, although expensive and far from the city centre. Most people live in apartments, some of which reach as high as 40 floors. Most are guarded by security for 24 hours a day. Many housing come furnished and if not, you can often ask the owner to do it. 