Property developers have been flooding into the rapidly emerging mega-cities in China.
In the last five decades, China’s unprecedented growth has fascinated the world. As the most populous nation on earth with thousands of years of history, the country has emerged as a global superpower and a vital organ for dozens of other economies worldwide.
Properties in booming cities are some of the strongest investment vehicles available for domestic and foreign investors. Property developers have been flooding into the rapidly-emerging megacities in China. The country is now home to world-class Special Economic Zones (SEZs), including Shenzhen, Shantou, Xiamen, and others, major import-export havens, logistics and e-commerce centers, transnational transportation hubs, and rising tourist destinations with skyrocketing demand for high-end apartments, star-rated hotels, Grade A offices, and prime retail plazas.
China’s housing boom is not only happening in the traditional Tier-1
Talk of a Chinese housing bubble was deafening back in 2016.
Many Chinese homeowners would rather have an empty flat than renting