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China s Luxury Retirement Homes Draw Millions From Investors

China’s Luxury Retirement Homes Draw Millions From Investors Jul 19 2021, 10:03 AM July 19 2021, 2:30 AM July 19 2021, 10:03 AM (Bloomberg) Retiree William Tang recently decided to swap his life in downtown Shanghai for a luxury elder-care development in the city’s far west, paying $220,000 to rent a two-bedroom apartment for 15 years. (Bloomberg) Retiree William Tang recently decided to swap his life in downtown Shanghai for a luxury elder-care development in the city’s far west, paying $220,000 to rent a two-bedroom apartment for 15 years. “It is more like a resort,” Tang said after viewing the Ardor Gardens showroom, which highlights amenities including an indoor swimming pool, yoga rooms, wine tastings and round-the-clock care.

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