Sure, if you go by the literal meaning of owning a home. You cannot own land in China, the state owns it (as hinted by their form of government). When talking about the condo ownership, even the literal meaning of "owning" your home no longer holds true because you won't be removing your unit that you "own" when you decide to move somewhere else. That paper oddly leaves out this detail. A more accurate statement is: ">80% all households lease their homes, with little to no recourse when the CCP decides they want their land back"