New apartments target the urban young and the entrepreneurial

(Xinhua) Updated: 2016-06-13 08:06 Comments

Tenants watch a movie in the lobby at YOU+ International Youth Apartment in Guangzhou, Guangdong province, on November 30, 2014. [Photo/CFP]

Liu raised 8 million yuan (about $1.24 million) in 2011 and opened his first youth community in Guangzhou in South China's Guangdong province.

"Young people do not necessarily need a very big bedroom, they prefer communal recreational spaces," Liu said. "We assign spaces for cafes, KTV rooms, cinemas, billiards, and gyms."

The maximum age for residents of the community is 35 years old, and no children are allowed. Rent ranges from 1,500 to 6,000 yuan a month.

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