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Investors rush to develop rental housing as China's home prices surge

The Soho China's Wanjing Soho project in Beijing. A two-bedroom new home in Beijing costs around 6 million yuan.

Hong Kong

CHINA'S sky-high apartment prices and its footloose generation of millennials are fuelling demand for rental apartments, driving investment by foreign private equity funds and Chinese real estate developers.

The country has been very much a home-owner's market since...

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