According to Wikipedia:
Dongguan, with a population in excess of 10 million, is located in southern China’s Guangdong province, east of the province’s largest city, Guangzhou. The mall was built on land formerly used for farming, in the Wanjiang District of the city. The project was spearheaded by Hu Guirong (Alex Hu), who became a billionaire in the instant noodle industry.
The mall contains sufficient space for as many as 2,350 stores in approximately 659,612 m2 of leasable space[2] and 892,000 m2 of total area.
The mall has seven zones modeled on international cities, nations and regions, including Amsterdam, Paris, Rome, Venice, Egypt, the Caribbean, and California. Features include an 25 m replica of the Arc de Triomphe, a replica of Venice’s St Mark’s bell tower, a 2.1 km canal with gondolas, and an 553-meter indoor-outdoor roller coaster.
Since its opening in 2005, the mall has suffered from a severe lack of occupants. Much of the retail space has remained empty, with over 99% of the stores vacant. The only occupied areas of the mall are near the entrance where several Western fast food chains are located and a parking structure repurposed as a kart racing track. A planned Shangri-La Hotel has not been constructed.
According to sendawa.com
These satellite images show sprawling cities built in remote parts of China that have been left completely abandoned, sometimes years after their construction.
1. Ghost city: Kangbashi was meant to be the urban centre for wealthy coal-mining community Ordos and home to its one million workers, but its roads are eerily empty and the houses stand vacant

There are many towns in China quoted by the article above including Kangbashi, Bayannaoer, Zhengzhou New District, half of Erenhot, City of Dantu and Part of Xinyang.
Soaring property prices in China and high levels of investment has fuelled the construction of up several new cities. Experts fear a subsequent property crash could damage the global economy
More photographs by Time Magazines about Modern Ghost Town of China
This article represents a very disturbing trend that China currently facing, their citizens who buy properties but never really move into the new estate may present several problems in the near future.
These properties had became a sort of investment instead of using them as accommodation, this beat the conventional wisdom of normal demand & supply base on “actual demand”.
Actual demand of a property may represent the real value of the property that includes the surrounding amenities, availability of shops, offices and transportation.
However, if the citizen of China blindly purchase properties without proper research into the area & end up losing their investment or worst owning large sum of property loans from bank.
If there is another banking crisis similar to the sub prime crisis in America previously to happen in China….there will be millions of property owners to suddenly get burnt by their investment.
But looking in the positive note, if the China’s government manage to relocate their people in a city wide effort into the new town…it may not be so bad at all but if the citizens refuse to budge from their old city and continue to dream about reselling their properties to RICH people hence making a quick buck…may continue to hold on to their properties until the next bubble to burst.
If China’s property market burst, the economic crisis will SPREAD FAR across the globe probably making lot’s of investors very very poor.
Popularity: 14% [?]














