Waste of resources
There is an almost unshakable belief in China that prices for real estate can only go up.
This building is just one example of how little the owners care about yield. In the entire building only the garage is being used occasionally.
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Feel free to reply to any comment by clicking the "Reply" button.I saw this in Thailand in the late 90s. We all remember how that played out. China has more money and so a bigger bubble, but a bubble no less.
rogueflyer
Level 8
Oct 2, 2018
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the figure of empty dwelling units is somewhere between 150000000 and 450000000 .... when this bubble bursts ... holy shit
I only used this As an example .... this one is just potemkin stuff ... The peasants who cobble these colourful White brick and mortar elephants together are hoping for compensation.
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