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 would rather live in rental apartments than rental houses in China.
( z1 prefer :ARG0 ( z2 person :mod ( z3 generation :name ( z4 name :op "Millennials" ) ) ) :ARG1 ( z5 live :ARG0 z2 :location ( z6 apartment :ARG2-of ( z7 rent ) ) ) :ARG2 ( z8 live :ARG0 z2 :location ( z9 house :ARG2-of ( z10 rent ) :location ( z11 country :name ( z12 name :op "China" ) ) ) ) )