Serpentza: The Secret behind China’s Ghost Cities




Why is China building empty massive ghost cities?

Among these factors is the increasing unaffordability of homes, an aging population, and slowing population growth. Aw pointed to China’s 2020 census, which recorded the slowest population growth since the 1970s. “They built an oversupply, and then they sold it,” Gan said. “And that’s why you see the vacancies.”14 Oct 2021

China’s Ghost Cities Offer a Look Into Its Huge Housing-Market Problem


Are China’s ghost cities still empty?

According to experts, sometimes these sold-out houses, buildings, neighborhoods, and even entire cities remain vacant for years, due to a supply-demand imbalance (also believed to be one of the reasons for the Evergrande crisis) caused by excessive urbanization in China.29 Oct 2021

How China’s Ghost Cities Are Linked to the Evergrande Crisis?


Under-occupied developments in China are mostly unoccupied property developments in China, and mostly referred to as “ghost cities[1] or “ghost towns“.[2] The phenomenon was observed and recorded as early as 2006 by writer Wade Shepard, and subsequently reported by news media over the decades.[3][4]

Media outlets often label under-occupied development areas in China as ghost cities or ghost towns.[1][5] However, the two terms are technically misnomers since the term “ghost town” describes places that previously had economic activity but have since become defunct and abandoned, while many under-occupied developments in China are new installations that have yet to receive resident immigration.[6][7]

Additionally, some reported cases of ghost cities are not in and of themselves administrative entities but instead districts built in the suburban region of functioning cities to provide accommodation for a growing urban population.[8]


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