Commentary

China's love affair with property not over despite downturn

Gift this subscriber-only story to your friends and family

Real estate ownership is widely viewed the world over as a good way to grow generational wealth.

In China, this love affair with property is particularly entrenched. Amid a dearth of investment alternatives onshore, housing assets account for a staggering 70 per cent of urban family wealth as at 2019.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.

A version of this article appeared in the print edition of The Straits Times on September 05, 2022, with the headline China's love affair with property not over despite downturn. Subscribe