@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
: 2E59 A14F 698F EBBA https://keybase.io/jotted
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We left wondering if Jurong was an anomaly. Then we talked to some experts. One professor has been working on a study of unoccupied urban housing. He told us 65 million apartments sit unoccupied across China
That has some people worried. One economist called the prospects for the market "grim” and warned that it is China's "biggest gray rhino"
Funny that they've been criticized for owning empty [luxury] apartments in cities of the West.
@serpentza has some docu content along these lines
I don't see why this can't be a wonderful world of affordable housing though. Every other day there are articles about unaffordable apartment prices, seems like supply just needs to meet demand when you put those apartments on the market.
Great piece!
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