Kangbashi district in Inner Mongolia’s Ordos city typifies the “ghost towns” - new housing districts fuelled by easy loans and speculative capital - that have sprouted up all over China. This city, built in a desert, remained empty as of February 16, 2017. Photo: SCMP/Simon Song
A fifth of China’s urban housing supply lies empty, equivalent to 50 million homes
- Soon-to-be-published research shows 22 per cent of China’s urban housing stock is unoccupied, said Professor Gan Li, who runs the nationwide study
Topic |
China property
Kangbashi district in Inner Mongolia’s Ordos city typifies the “ghost towns” - new housing districts fuelled by easy loans and speculative capital - that have sprouted up all over China. This city, built in a desert, remained empty as of February 16, 2017. Photo: SCMP/Simon Song