Ghost town: developer demolishes over 100 houses unsold for nearly decade in southern China

A property developer in southern China demolished more than 100 houses this month after the firm failed to sell them over nearly a decade, according to a news website report.

The houses were built in 2004 in one of the largest residential compounds in Heyuan in Guangdong province, Qq.com reported.

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The apartment buildings were sold, but none of the bigger more expensive houses could find a buyer, the developer was quoted as saying.

Heyuan in eastern Guangdong is one of the poorest cities in the province.

The developer, Jiang Rong Real Estate Development, did not reveal what it would do with the land. The demolition cost 120 million yuan (HK$143 million), the firm said.

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The massive destruction prompted protests from residents living in the area, according to the report.