Chinese realtors target pensioners for high-end real estate industry on Hainan Island

Over the past three decades, the development of Hainan's real estate industry has witnessed some ups and downs. Its real estate bubble broke back in the 1990s. Fast forward to now, to prevent this from occurring again, the local government has moved to introduce a cap on real estate development. This was announced during China's Two Sessions political season last month. With the change, companies are now eyeing the potential in real estate for pensioners.

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(Source: CGTN, https://www.youtube.com/watch?v=FWEi51k5DX4)