2 ms·
Does China have a significant problem with supply-restricted housing being bought up and turned into rentals by investment firms?
by germinalphrase 5y ago
Does China have a significant problem with supply-restricted housing being bought up and turned into rentals by investment firms?
- seanmcdirmid 5y agoNo, rents are too low to be profitable (a $1 million apartment will only rent for $2k/month), and renovations decrease the value of the property (in China, you’ll often gut the apartment and redo the interior after purchase). They instead keep the apartments empty in the hope of selling them for a profit later.