China's love affair with property not over despite downturn

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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.

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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