Dear MEL
Topic Readers,
Chinese
retirees could fuel the overseas property boom
Golden
age. For some, it’s the time to do what they’ve long wanted to or to live in a
way they’ve dreamed of. For others, it’s the time to start a new life in a way
that is very different from the present one or in a place where they feel more
comfortable than their hometown. For the growing wealthy Chinese seniors, such
golden-age perks are no longer a dream.
It is
estimated that the population of senior citizens, 60 and older, will go over
360 million by 2030, more than the present population of the U.S.A. Their
priorities for retirement years are good medical and living services along with
comfortable environment and weather, which are scarcely available in China. That’s
why many wealthy senior Chinese or their children are looking for overseas
property to live in and invest, especially in America, Canada and Australia.
Also, they’ve already outnumbered the Japanese and Korean retirees living in
warm South Asian countries such as Malaysia, Thailand and the Philippines in
the number of long-term, renewable visa applications.
Enjoy
reading and thinking if you’d like to welcome a newly forming Chinese community
in your neighborhood that pushes up the property value rapidly.
http://www.bbc.com/capital/story/20161215-chinese-retirees-could-fuel-the-next-overseas-property-boom
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