So yes, it seems that affordable housing problems are not simply escalating, but also creating new market niches. Recently on the subway, I pick up a leaflet advertising condominiums for sale in Shenzhen East, out near Dachong. The catch? The developers weren’t targeting single families who are buying their first home or even trading up for bigger and better, but rather the developers are targeting potential landlords. From the copy:
Exquisitely designed hotel apartments, 5 years guarrentied rent, as soon as you buy you can start collecting rent.