More and more Chinese are buying high-end properties in cities and towns that offer excellent college or university education prospects, all for the sake of their children whom they plan to send overseas for studies – even if they're barely out of their diapers, reports the Wall Street Journal (10 April 2014). While most invest for the sake of providing better accommodations compared to dorm living, some do so to meet residency requirements of certain universities, while others hope their investment in overseas property will help fund the expenses of tertiary education. According to Co-CEO, Andrew Taylor, "Parents might buy several apartments, one for their child to study in and one to bring in an investment return." Over 2.6 million Chinese students have gone overseas to study since 1978, and many savvy developers have taken note of this – student-friendly residential projects have been popping up in suitable locations in a bid to latch onto this rising trend.