Photos show China's low-cost lifestyle in semiabandoned housing complexes
5 hours ago
- #urban decay
- #China real estate
- #Evergrande collapse
- The Associated Press (AP) is a trusted global news organization founded in 1846, known for factual and unbiased reporting.
- China's 'Life in Venice' housing complex, inspired by Italy's Venice, is now semi-abandoned after the collapse of China's real estate bubble.
- The developer, Evergrande, declared bankruptcy in 2024, leaving many units unsold and prices halved.
- Despite its decline, the complex attracts some residents seeking affordable, laid-back living away from China's competitive megacities.
- The area features remnants of its luxurious past, including European-style sculptures, canals, and bridges, now largely unused.
- Current residents live a slow-paced life, with minimal amenities like grocery stores and restaurants serving the small community.
- Photos depict the desolate yet oddly peaceful atmosphere, with abandoned buildings, empty beaches, and a deflated rubber duck in a canal.