After spending more than 2 million yuan (US$300,000) on old flats and retiring at 30 on rental income, one young landlord’s decision to switch from rent to dividends has struck a chord across China.
Fan Junjie, originally from Jilin in northeastern China, moved to Changsha for work, where he endured gruelling 18-hour days in internet healthcare sales, according to mainland media outlet Sanlian Life Laboratory.
Having grown accustomed to the high property prices in first-tier cities, he saw ageing flats in downtown Changsha – some costing as little as 300,000 yuan (US$45,000), including renovations – as a bargain.