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China netizens react to 'student' purchase of Vancouver mansion | China netizens react to 'student' purchase of Vancouver mansion |
(about 9 hours later) | |
A Chinese student has reportedly bought a 31.1m Canadian dollars ($24m; £16.7m) mansion in Vancouver, sparking social media interest in China. | A Chinese student has reportedly bought a 31.1m Canadian dollars ($24m; £16.7m) mansion in Vancouver, sparking social media interest in China. |
The property, on the coast in the Port Grey area, has five bedrooms and sits on 0.7 hectares (1.7 acres) of land, local media report. | The property, on the coast in the Port Grey area, has five bedrooms and sits on 0.7 hectares (1.7 acres) of land, local media report. |
Vancouver is seen as one of the most liveable cities, but the pressure on properties is intense. | Vancouver is seen as one of the most liveable cities, but the pressure on properties is intense. |
In China, netizens saw the sale as a sign of China's growing buying power. | In China, netizens saw the sale as a sign of China's growing buying power. |
A Weibo user from Liaoning, wrote: "Is it now the fact that the richest people in Vancouver are all Chinese?... A country that is still struggling along the poverty line has managed to overcome a developed state. Such a stark contrast!" | A Weibo user from Liaoning, wrote: "Is it now the fact that the richest people in Vancouver are all Chinese?... A country that is still struggling along the poverty line has managed to overcome a developed state. Such a stark contrast!" |
Others pointed out that while the property may be one of the city's priciest, the cost per square metre is lower than many luxury homes in Shanghai or Beijing. | Others pointed out that while the property may be one of the city's priciest, the cost per square metre is lower than many luxury homes in Shanghai or Beijing. |
Land title documents shows 99% of the property and is "student", local reports said. A businesswoman is listed as owning the other 1%. It has not been possible to independently confirm the pair's stated occupations |