It's possible given the new generous tax breaks from April 2006 on holding residential property in a pension.
These will be investment trusts that are likely to own commercial property such as offices, shops and warehouses, though they can hold residential property too.
Although Chinese cities do not impose annual taxes on holding residential properties, the government has rolled out detailed measures virtually every year for the past decade in an effort to penalize speculation in the housing market.
REUTERS Berkshire Hathaway Wins Bid for ResCap Loans | Berkshire Hathaway successfully bid for a 47,000-loan portfolio held by Residential Capital, the bankrupt mortgage lender, paying $1.5 billion.
He said police had still not informed Ai's family of detention and that he suspected the artist was being held under residential surveillance.
The theory of the day, drawing on the architectural philosophy of Le Corbusier, held that residential areas ought to remain separate from roads and the workplace, and so the cluster was built as a sort of island; residents trudged across a muddy field to reach the adjacent train station.
Meanwhile, in Zhejiang province – where the provincial government is waging a campaign to demolish Christian churches and tear down crosses and crucifixes – a prominent lawyer who was providing legal services to affected churches, Zhang Kai, and one of his assistants are being held under "residential surveillance".
The revised law also said that in such cases involving "state security, terrorism or especially serious corruption", the detainees can be held in "residential surveillance" outside their homes or detention centres.
According to a report by the U.S. Department of Justice's Office of Juvenile Justice and Delinquency Prevention, "non-Hispanic black juveniles accounted for the majority of nonwhite youth held in residential placement in 2013.
In 2011, more than 60,000 adolescents in the United States were held in residential placement facilities after breaking the law [ 7].
