Tag: china real estate crisis
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Exploring the Aftermath of China’s Real Estate Crisis: A Look Inside Shenyang’s Abandoned Mansions
In a recent exploration of Shenyang City, located in Northeast China, the stark reality of the country’s real estate crisis is brought to light through the lens of abandoned upscale housing projects. The footage reveals numerous unfinished compounds, including the state guest mansions by developer Greenland Group, which ceased construction several years ago despite a…
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Exploring Forest City: A Glimpse into China’s Real Estate Troubles and the Global Economic Impact
The recent video sheds light on the current state of Forest City, a large-scale property development in Southern Malaysia by Chinese real estate firm Country Garden. Initially intended to house 700,000 people with luxury amenities, it now stands mostly vacant, with only about 9,000 residents. This situation mirrors China’s broader property crisis, characterized by overbuilding,…