An interior of a unit at Youtha Suites, built by state-owned China Resources Land. Photo: Yangpeng Zheng
Expat demand for Beijing’s luxury serviced apartments falls as foreign firms scale back their Chinese operations
- Many foreign firms have moved their production facilities out of China because of cost concerns, a trend exacerbated by the trade war
- On the supply side a surge is expected, with between 900 and 1,000 new units set to enter the market by the end of next year, according to JLL
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China property
An interior of a unit at Youtha Suites, built by state-owned China Resources Land. Photo: Yangpeng Zheng