China, Hong Kong Special Administrative Region

China’s ghost cities and malls

A documentary made by the Australian television shows the real state market in China and its problems. On one hand, there are huge building complexes waiting to be occupied. On the other, a big part of the population that cannot afford these apartments.

Rural dwellers of urban expansion areas receive compensation in Hong Kong

The land policy of the city of Hong Kong is based on a land lease instrument: the government purchases rural properties in the zones of future urban expansion, in order to lease them to entrepreneurs, and thus charges for their use and invests it in the city’s infrastructure.