onsdag 31. august 2016

Turning to tradition: Why China's super wealthy don't want western-looking homes anymore

When Sotheby's listed a 32-bedroom house in Suzhou last month, it was the property's price tag that made headlines. Valued at 1 billion yuan (over $150 million), the 72,000-square-foot estate -- nicknamed 'utopia' in Mandarin -- was heralded as China's most expensive home. The story led to familiar commentary about the country's booming demand for luxury living. But it also represented a subtler trend among the super-rich. Read more