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...
Chinese man retires at 30 with 14 flats generating US$30,000 in annual rental income
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SCMP - Feed 91By Zoey Zhang
EXECUTIVE SUMMARY
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...
Key Takeaways
- Chinese man retires at 30 with 14 flats generating US$30,000 in annual rental income.
- 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.
- Having grown accustomed to the high property prices in first-tier cities, he saw...
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Published originally on SCMP - Feed 91
