Ordos in Mongolia, ghost-town for a million people

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    • December 9, 2011 at 7:11 pm #56444
      Anonymous
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      Spain has its real estate problems like Seseña, but they pale into insignificance compared to things going on in China and Mongolia.

      Check out this video (in Spanish) on Ordos in Mongolia. A new development built for a million people at a cost of €500 billion. It’s empty. No one can afford to live there 😯

      http://www.rtve.es/alacarta/videos/programa/burbuja-inmobiliaria-llega-china/1268210/

    • December 9, 2011 at 7:30 pm #107072
      Anonymous
      Participant

      I can see the Spaniards now saying we are not worse than …… …. .

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