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.
Millennials in China simply can't afford the sky-high prices for houses and apartments in China's surging market.
( z1 possible :polarity - :ARG1 ( z2 afford :ARG0 ( z3 person :mod ( z4 generation :name ( z5 name :op "Millennials" ) ) :location ( z6 country :name ( z7 name :op "China" ) ) ) :ARG1 ( z8 thing :ARG2-of ( z9 price :ARG1 ( z10 and :op ( z11 house ) :op ( z12 apartment ) ) ) :ARG1-of ( z13 high :ARG2 ( z14 sky ) ) ) :location ( z15 market :ARG1-of ( z16 surge ) :poss z6 ) ) :ARG1-of ( z17 simple ) )