It's part of the Pacific Ring Asian hot-money bubble. Same as in Vancouver and Sydney. /r/vancouver has some good investigatory articles
$2 trillion left China illegally, and this is where some went
This doesn't end well, by the way. Neighborhoods turn into ghost towns because "renters damage property". Great businesses close. Vancouver had something like 30 empty multimillion dollar houses burn down last year.
It's part of the Pacific Ring Asian hot-money bubble. Same as in Vancouver and Sydney. /r/vancouver has some good investigatory articles
$2 trillion left China illegally, and this is where some went
This doesn't end well, by the way. Neighborhoods turn into ghost towns because "renters damage property". Great businesses close. Vancouver had something like 30 empty multimillion dollar houses burn down last year.