Asia

Deals on wheels: Housing prices drive young Chinese into RV living

Her monthly expenses have plummeted from when she rented an apartment, from around 2,500 yuan (US$350) a month to 600 yuan, with parking only 20 yuan a day.

She does, though, have to rely on public facilities to use the toilet.

COST IS THE MAIN PUSH FACTOR

For Zhang Xi, who started living in an RV with his partner last May before opening a van renovation workshop, cost was the main push factor.

“Shenzhen’s property prices are beyond the reach of ordinary folks like me,” he told AFP.

A recent survey by a property research institute suggested Shenzhen’s rent-to-income ratio has reached up to 49 percent, and buying is even worse.

On average, second-hand flats fetch 65,000 yuan per square metre – nearly nine times the city’s average monthly salary in the private sector.

Source: CNA

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