Dalian Lushun Development Zone Becomes Ghost City

The reporter in this story looks at how many lights are on at night, which isn't a very good method since Chinese people sometimes wait a year or two before moving into new apartments. Official sales figures have one building still about 30% empty though, after 4 years on the market.

Residents complain of there being no supporting infrastructure: they have to walk 30 minutes to go to the nearest supermarket. There are no hospitals, traffic is inconvenient. These are oft repeated explanations for ghost cities and home price collapses. Developers outpaced the city and built homes far more quickly than the city could build supporting infrastructure.

大连“睡城”开发区调查：到处是空置的楼盘

Recently, Southwest University of Finance announced that in 2013 China's urban areas occupied housing vacancy rate reached 22.4 percent, the data sparked heated debate. The CBN reporters in Dalian (called "Port Arthur zone" under) City Economic and Technological Development Zone in Port Arthur investigation found that some of the cell where the lights rate of less than 10%, to some extent, corroborate the vacancy rate.

Multiple cell lights rate of less than 10%

Lanterns, Port Arthur zone on both sides of the street, reporters everywhere are vacant real estate, did not see a few more on the road moving vehicle. Occasionally see a point in the evening stalls operating in the vicinity of the cell, but only a handful of diners two or three people, it is the business cold.

Arthur Property Development has built about four fifty in the sale of real estate of approximately 13. CBN reporter visited the building continuously larger Watertown peace coast, Wafa Metro [ News Price apartment review ], the G Heung Hoi Jinding, Poly West Coast [ News Price apartment review ] [ News Price apartment review ], Heung Hoi town and other five local community, found that rates of their lights during evening 8,9 points less than 10%, some even less than 5%.

June 2011 opening of Poly [ Introduction News ] West Coast nine buildings were planned construction area of over 180,000 square meters, built 1996, there is still no record of more than 600 households, which means opening the past four years there are still three No one in the house sold and the occupancy rate of the cell is lower, less than 10%.

This reporter recently went to Paul Leisy 21 o'clock coastal community in the field survey, see a few lights on buildings less than 20 households. A landlord told reporters that the residential occupancy rate of less than 10%.

And Paul Leisy coast earlier than the opening of a new town HUAFA opening date is October 2010, planning construction area of ​​600,000 square meters, Dalian Port Arthur property rights registration service network to public information, opened four years ago, built 2556, There are currently 96 no record. CBN reporter on the scene saw the same rate of the district is not ideal evening lights, turn on the lights even less than 20 households.

Why become a "sleeping city"

Chinese real estate industry after a decade of rapid development, the bubble began to appear a certain degree, especially in some of the demand for liquidity and limited area, more obvious degree of foam. For land finance and the need to maintain economic growth, many of the city's real estate expansion rate far exceeds demand growth, excessive urbanization and more frequent so that our "ghost town" and "empty."

Arthur Development Zone was established in 1992, is about 50 km away from downtown Dalian drive. 2013 was promoted to the approval of the State Council, the National Economic and Technological Development Zone. Park planning area of ​​88 square kilometers at present, with a total population of about 100,000. Insiders said the Port Arthur Zone has become truly a "sleeping city."

Port Arthur Zone lack of popularity is not only reflected in the lack of lights rates, lack of stamina is also reflected in the development of related industries. Here in the furniture business Mei master told CBN reporter, he was not as good as the previous year's big business.

He said: "Last year at this time I am two cars for delivery, now a car delivery are hungry, people do not buy things."

In recent years, with the Liaoning Foreign Trade University, Dalian Jiaotong University and other institutions have relocated come to here to add some popularity. Nearby residents told reporters that after the school holidays here basically became a ghost town.

The residents here generally believe that surrounding facilities imperfect, traffic inconvenience is one of the main residential occupancy rate is low.

One resident told reporters that anything less convenient traffic, around which there is no market, no hospitals, grocery shopping and if walking, then they have to go the fastest half an hour.

Another resident said, came from the light rail station district have their own lives for half an hour, if in Dalian urban areas for work very early up, and an hour car trip, the road to spend more than two hours.

Prices fell to lows

New Peak property in April following table shows the structure of the sales area, Dalian Port Arthur area (including Port Arthur Zone) April sales area of ​​35,500 square meters, growth of 37%, sales 12 county area in Dalian, ranked No. 4. Among them, the Port Arthur Zone April sales surface area of ​​about 18,000 square meters, Transacted about 226 sets. Port Arthur zone overall sales stabilized, the industry believes that vacant housing is mainly constrained by regional customer base positioning.

Xinfeng Wang Lei, director of the real estate market development for First Financial, told reporters that evening to Port Arthur Zone, will feel bright lights are not many, there are many vacant house, which has a relationship with the original positioning as Port Arthur zone just off the northeast A group of migratory birds accommodations to choose one.

As of June 7 this year, Dalian Port Arthur area house sold 63,190 units, 19,979 units unsold, slow-moving housing material accounted for 25% of total units. This means that the Port Arthur area (including Port Arthur Zone) are still nearly 20,000 sets of the stock room waiting for the market to digest.

Dalian Port Arthur area real estate stocks and more, relatively few tourists, the price war has become the competitive weapon of the market. Leisy Coast project as an example in order to maintain the initial selling price per square meter in 6000 yuan to 10,000 yuan, but in a month's time the price has dropped to the current 3,400 yuan / square meter, compared with the initial opening price has fallen by 60 %.

Lei said through this round of price adjustment, Port Arthur zone now three or four thousand real estate / square meter price is already low in the region.

"There are a number of projects in development after another, from the National strategic point of view, the development of a project in the future is bound to Dalian to Yantai tunnel, the development potential of the entire region is still there, many developers or business prospects of the region more optimistic. "Lei said.