Rent A Foreigner In China
May 12, 2015 in Daily Bulletin
In a documentary David Borenstein looked at the foreigner renting industry in China:
- China is in the midst of a construction boom that has left multiple properties in search of a buyer.
- One way that realtors can boost demand is by renting foreigners.
- Firms provide menus where customers can select skin colours and nationalities.
- By having such faces present when interested buyers come around to visit, developers can make an area seem more globalized than it really is.
- Some of the purchased foreigners will play the role of low level VIPs to further enhance property values.
Watch the full documentary here.
Source: The New York Times
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