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12/19/2016

Topic Reading-Vol.1713-12/19/2016

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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