Alan Shuminer lives on two acres of land in a house with a current list price of $3.3 million in Miami â and he only pays $2,600 a month. He is a home manager for Showhomes, a home staging company.
Apartments are still under construction in Wuxi, outside Shanghai, despite a glut in the market and almost no local demand. This development is to have 2,500 residential units.
PR Newswire Via AP
Apartments, apartments, everywhere; nor any flat to buy: Survey after survey reveals that young Chinese are stressed out — and skyrocketing property prices are one of the main reasons.