INSIGHT-Investors rush to develop rental housing as Chinese home prices surge HONG KONG, May 5 China's sky-high apartment prices and its footloose generation of millennials are fuelling demand for rental apartments, driving investment by foreign private equity funds and Chinese real estate developers.
Chinese millennials do not understand the downside of renting property instead of owning a home.
( z1 understand :polarity - :ARG0 ( z2 person :mod ( z3 country :name ( z4 name :op "China" ) ) :mod ( z5 generation :name ( z6 name :op "Millennial" ) ) ) :ARG1 ( z7 drawback :domain ( z8 rent :ARG1 ( z9 property ) :ARG1-of ( z10 instead-of :ARG2 ( z11 own :ARG1 ( z12 home ) ) ) ) ) )