ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
”Ghost towns” abandoned in the process of construction are spread across China, with more than 80 in Yunnan Province alone. (Photo by Yusuke Hinata)
The age of 'Great China'

Concrete 'ghost towns' make China's real estate bubble visible

Land prices over twice those in U.S.; many trapped in unfinished homes

Nikkei staff writers | China

SHANGHAI/GUANGZHOU/TOKYO -- A popping sound, not unlike the finale of a fireworks show, echoed through the area, and a cloud of dust billowed up into the air. In late August 2021, 14 unfinished apartment buildings were demolished in Kunming, Yunnan Province.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more