Do they accept farang??

It's crazy that most of the units have been purchased already as investments. The government needs to step in and make the place more attractive for people to actually live there...better hospitals, schools, etc.

i'd love to move in, how fun would it be to be the first generation somewhere!

i did apply already :-)

rob -- I found that crazy too -- the places are just to expensive -- they have a market with no buyers -- kind of a twisted supply and demand scenario.

perhaps they should offer free accommodation to all those they evicted from their homes for the Olympics?

they units are sold.... as investments from the rest of china and the old city no reason to move there. The government got what it wanted gdp growth, the developers got what they wanted... sales... everyone is happy and eventually people will start to filter in through rentals and businesses to supply the growing coal and related industries. they did the same thing with Shengzen except people already lived ...they moved them rebuilt something like half the city and rebuilt it and had people move back in.

Most important at least they are spending it on infrastructure instead of military spending

paulgh3rd -- about the military spending.. very good point indeed.

you said in this scenario all were happy..I don't know it just seems like this business pyramid is upside down.

also unattended or unused buildings after a point in time begin to decay if they are not used.

I will keep an eye on this story and try to follow-up if people start to move in.

I guess you could call this situation condo-futures