Investors see green in a gray area of housing
By Hu Yuanyuan | China Daily | Updated: 2014-05-27 07:12
Retirement community sector draws funds from developers, insurance firms
Chinese institutional investors and property developers are still pouring money into building senior living communities, despite the continuing cooling of the overall real estate sector.
Severall insurers' announced investment plans in building such communities have exceeded 200 billion yuan ($32 billion).
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