China has millions of unsold homes in so-called “ghost cities” that were built near such large cities as Beijing and Shanghai but failed to attract residents. But China also has tens of millions of housing units that have been sold, many of them to speculative investors who are not planning to occupy or rent them out. Emory University economist Kaiji Chen, who analyzes the Chinese housing market, calls these sold but vacant housing units “ghost […]
source https://therealdeal.com/miami/2019/03/02/owned-but-unoccupied-homes-account-for-more-than-a-fifth-of-chinas-urban-housing/#new_tab
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