The average American enjoys about
540 square feet of indoor living
space, while the average resident of
Shanghai, China, makes do with just
43 square feet. But if a company called
New China Homes has its way, that gap
may soon begin to narrow. The company
believes that China's rapid industrialization
and recently relaxed
economic climate means that many of
the country's 1.2 billion inhabitants
can now dream of owning a home — a
home that the Cayman Islands-based
company would be only too happy to
provide.
New China Homes has already created
what it bills as China's first affordable,
suburban "lifestyle" homes. The townhouse
development, called California
Gardens, is located 8 miles from
Shanghai's central business district, and
offers such