China’s residential project in Angola called a “ghost town”
The British Broadcasting Corporation (BBC) reported on July 2nd that China’s CITIC Group’s residential construction project in Angola, involving over 3.5 billion USD in total investment, has been completed after 3 years. However, this satellite city that can house 500,000 people has, due to high selling prices, been reduced to a “ghost town”. (File photos, taken 2011 2011 May 13)
The Chinese embassy in Angola made a clarification, that this residential project has actually not been fully completed, but the first phase of sales has already been very favorable, and “the foreign media’s reports is completely inconsistent with the actual situation”.
According to reports, there are 750 buildings of 8 floors each, with a dozen schools and space for over 100 stores and shops. “It is the largest amongst the satellite cities that Chinese companies are building in Angola.” The Angolan government made a short promotional film for the residential area, calling it the “shining jewel” of the country’s post-civil war “crown of reconstruction”.
However, the actual residential area does indeed “eerily” quiet. The [BBC] report says there are basically no cars or pedestrians there, that the windows of apartments are closed, and the balconies empty. The BBC says the majority of Angolans are unable to afford the housing prices here. The report says that for many people, the selling prices of 120k to 200k USD in satellite cities is simply an “astronomical price”, and that 2/3rds of Angolans depend on less than 2 USD per day to survive. Even Angola’s highest white-collar workers couldn’t afford the down-payment.
Open Society Initiative of Southern Africa expert Elias Isaac says: “The great majority of the population live in shacks with no water, the government needs to start giving priority to building low-cost housing. Angola doesn’t have a middle class in Angola, just very poor and very rich people.” According to reports, Angola’s President Jose Eduardo dos Santos had promised in the 2008 elections to construct 1 million homes for the ordinary common people, with the Chinese built satellite city being “an important part of the president fulfilling his promise.”
Comments from NetEase:
Those bunch of stupid losers have hyped/speculated the housing market all the way to Africa?
[Head of Chinese Academy of Social Sciences’s Africa Research Office] He Wenping says, “This a construction project that benefits everyone, as well as the foundation for African economic growth”. ＝＝ Sounds familiar!
Everything refuted as a rumor/lie is actually the truth.
Did you think other countries also use selling land as the primary source of economic growth?
When people are stupid and don’t have much money, its no good no matter how much you toss and turn [make a fuss].
You guys just go ahead and keep taking money out [of the country] and burning it, you spendthrifts!
BBC, this time you really have got it wrong, a “ghost town” according to China is a neighborhood where not a single person lives, and this new residential district in Angola no matter what still has a few people living there, so how can you guys say it is a “ghost town”????
The moment you made a clarification, I believed it…
You think other people are this stupid too?
This is all traded for, Angola has a lot of oil.
The residential area is meant to help improve the people’s livelihoods —— Whether that’s the case there I don’t know, but over here its used to exploit us [with usury]!
A bunch of unscrupulous businessmen who after cheating people out of their money in China have now gone to Africa to lose face for Chinese people.
Invested 3.5 billion USD… how much entered those people’s pockets?
Domestically [the country] keeps trying to tax us and raise the retirement age while squandering money abroad!!! China, I’m proud of you, I feel such pride!!!
Do foreign countries have “masses who don’t know the truth”? [An expression used by the government to refer to the public when the public believes something that is unfavorable (or sometimes actually not true), similar to another popular expression that accuses troublemakers as people “having ulterior motives”]