The new city of Tianducheng in Hangzhou is perhaps the most easily recognizable of the country's ghost cities, what with the 300-foot tall, 1:3 scale replica of the Eiffel Tower dominating the skyline and all. In fact, most of the this upscale luxury real estate development mimics the design of Paris—just with a fraction of the population. [
Business Insider]
Kangbashi New Area
Dubbed the "Dubai of Northern China," the new city of Kangbashi rose from the outskirts of Ordos in central Mongolia in 2003. The region had been undergoing a massive boom in the early naughts, riding high on the area's wealth of valuable mineral deposits, and Kangbashi was meant to provide modern 49ers with all the luxuries of a modern city.
But nothing kills a boom like a housing market bubble. Before anybody had moved in to the city—before they even finished building roads—investors and real estate speculators descended on the town, buying up entire housing complexes in hopes of garnering high rents once residents arrived. But the high rents—exceeding fair market valuations by as much as 30 percent—were exactly what kept residents from coming. A city originally designed for one million was drastically descaled to support 300,000—today, barely 30,000 people currently call Kangbashi home. [
I09]
Zhengdong New Area
Built in the shadow of Zhengzhou, the capital (and largest) city of China's northern Henan province, the Zhengdong New Area has grown from wheat fields to a metropolis twice the size of San Francisco—in barely over a decade. Unfortunately, rampant real estate speculation akin to that seen in Kangbashi has stunted population growth.
That's not to say that Zhengdong is completely empty, no more than one could rightly call Detroit a ghost town. Between 2000 and 2010, the entire city's population (both existing Zhengzhou and the new district) boomed by some 30 percent to a total of nearly nine million. But that increase is barely visible within the new district. A combination of unrelenting residential construction and inflated housing prices—the average price per square meter of home is $1,660, while the average monthly income for a resident of Zhengzhou is roughly $483—has essentially priced out the very people the city was built for. [
CNN - Image: Lennlin]
Wonderland Amusement Park
Much like the NSCM, Wonderland was a project ahead of its time. Located in Chenzhuang Village just 45 minutes outside of Beijing and seated on more than 120 acres of land, it was originally billed as the "largest amusement park in Asia." However, disputes over land values between the park's developers and the local government abruptly halted construction in 1998. Attempts to revive the project in 2008 also failed, amid fears of a regional housing bubble. The park was dealt a death blow earlier this year when crews leveled all uncompleted structures, leaving just the skeletal remains of the knock-off Cinderella's Castle behind. [
I09 - Reuters]
Chenggong New Area
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