Property News · March 13, 2019

China has the largest number of property billionaires, as decades of economic growth fuelled urbanisation and demand for a roof over every head


China has the world’s largest community of property tycoons, as a generation of developers grew wealthy over three decades of rapid economic growth, which fuelled the aspiration to have a roof over every head.The second-largest economy had 108 dollar-denominated billionaires, out of 239 around the world, according to the 2019 Hurun Global Real Estate Rich List. The United States, with an economy that’s one and half times larger, has 26 real estate billionaires, while the UK has 17, and Hong…

Source : South China Morning Post
Read more…China has the largest number of property billionaires, as decades of economic growth fuelled urbanisation and demand for a roof over every head

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