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China's love affair with property not over despite downturn
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The economy has grown increasingly reliant on property, leading to the common refrain that the housing market is simply too big to fail.
PHOTO: AFP
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SINGAPORE - 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.
