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China’s ghost cities a worry for their property markets

Is China experiencing a property bubble?

It’s estimated that despite there being 64 million empty apartments, around 10 vast cities are being built across China each year.

The government is doing this to keep the economy booming, but will the property bubble burst?

But this insightful report from SBS Dateline shows they remain almost uninhabited ghost towns.

There are many people who would love to move in, but the properties are simply too expensive for most.

Watch the video below as SBS journalist Adrian Brown wanders through malls of vacant shops, and roads lined with empty apartment buildings. He also explains why China is unlikley to have a US style credit collapse.

This video is definitley worth watching.



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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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