Ghost Cities in China

Cinvalo

Cinvalo

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Source: http://www.corruptionofrealmoney.com/education.php

Ghost City is a term that coined by Western mainstream media on China real estate since 2006. If you are a tourist in China, once in a while, you may stumble into one of these brand new, cities without people. So, why is China, the second largest economy in the world, continuing building cities after cities with nobody living in them? Does it make sense to you? What is the real intention behind? Let's find out the truth together.
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Please feel free to discuss what you think :)

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"I think these empty cities will be filled with people in the next decade." - This point probably deserves more emphasis.

Most locals that are familiar with the real estate market in China would doubt that the Chinese "real estate market is in serious trouble".

For next the foreseeable future, there is likely to be an accelerated move from rural dwellings to urban ones - soaking up the available apartments.

Additionally, with the relaxation of the One-Child Policy - there is likely to be a growing need for extra rooms/dwellings.

Also, with the aging population setting in, many of the elderly will need to resettle towards these developments.
 
Build an entire city with BORROWED (directly or indirecty) money, and pay interest on that money but do not get any return for TEN years?

Over here, we call that bankruptcy!

All those empty cities were built to keep workers working, earning money, and sending money home to Mum and Dad.

The LAST thing our peace loving Chinese brothers want is another Tienanmen Square! Mass unemployment will make that happen.


OC
 
Another obvious sign of China's multi billion dollar deceit and trickery which has been going on for years = 7.5% annual growth :/

But it is the "good news" that the world so desperately needs to continue to hear,always riding along on the worn out coat tails of a 3rd world country :rolleyes: so sad.

I choose to be deaf,my preferred disability :lol:

Merry Christmas :)
 
We take 2 months to get a GDP figure, the Chinese take 2 days.

Anyone that accepts the data out of China is a MUG!

OC
 
betterlatethannever said:
I would like to see those buildings in 10 years,I bet some of them are already falling apart :)
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Yeah, many of the apartments are un/intentionally built with a limited lifespan of 25-30years - because of Urban Renewal efforts, future high-tech buildings, etc.

http://www.chinahush.com/2010/04/11/most-constructions-in-china-only-have-life-span-of-25-30-years/

Depends on the area of course. Some developments are designed to last much longer.

E.g. this $44million apartment
http://www.afr.com/news/world/at-44...-expensive-apartment-is-cheap-20150923-gjsvno

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House,

Very roughly, about half of China is still living the way they did maybe 200 years ago. The top half are the ones that have seen the real progress.

They have their 1%ers too, probably mainly members of "The Party", with lots of property in Sydney and Melbourne!

The bottom half will probably have to rely on that one child to keep the wolf from the door.

JMO


OC
 
Old Codger said:
House,

Very roughly, about half of China is still living the way they did maybe 200 years ago. The top half are the ones that have seen the real progress.

They have their 1%ers too, probably mainly members of "The Party", with lots of property in Sydney and Melbourne!

The bottom half will probably have to rely on that one child to keep the wolf from the door.

JMO


OC
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To add to above

Chinese 1% percenters = 15 million basically the adult population of Australia.
Preumely these 1percenters earn 100k US plus per annum.
 
Isn't that city in your pix ten years old and isn't full now?

Also it was a new city.... it was built without 1 person living there.

Only after it was built ie apartments, schools and hospitals it was designated a city and got public funding to get teachers, doctors, nurses, police etc

After that people slowly moved in?

I could be wrong but you should check it out.

The last time Australia did it it was Canberra
 
yennus said:
betterlatethannever said:
I would like to see those buildings in 10 years,I bet some of them are already falling apart :)
Click to expand...

Yeah, many of the apartments are un/intentionally built with a limited lifespan of 25-30years - because of Urban Renewal efforts, future high-tech buildings, etc.
Click to expand...

Let me fix that for you. "many of the apartments are un/intentionally built with a limited lifespan of 25-30 months"

No way all the piping and electrical wiring will last more then a few years. I'll be amazed if more then 50% work from day 1.
 
leo25 said:
No way all the piping and electrical wiring will last more then a few years. I'll be amazed if more then 50% work from day 1.
Click to expand...

Depends on location - in the big cities, many of the new apartments are pretty amazing (with some pretty fantastic gadgetry and infrastructure).

Gyms, pools, courts, are pretty standard fare over there now.

Shanghai-Luxury-Accommodation-For-Rent.jpg
 
leo25 said:
yennus said:
betterlatethannever said:
I would like to see those buildings in 10 years,I bet some of them are already falling apart :)
Click to expand...

Yeah, many of the apartments are un/intentionally built with a limited lifespan of 25-30years - because of Urban Renewal efforts, future high-tech buildings, etc.
Click to expand...

Let me fix that for you. "many of the apartments are un/intentionally built with a limited lifespan of 25-30 months"

No way all the piping and electrical wiring will last more then a few years. I'll be amazed if more then 50% work from day 1.
Click to expand...

Quality like iPhones?
 
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