Chengdu is Building.. and Building.. and Building… and Building

Wednesday, April 29, 2009 22:25

While visiting Chengdu this week on some non-profit work, I took notice of the fact that the city of Chengdu has become a work zone.

Reminding me of Beijing 8 years ago, the sky is absolutely filled with cranes and half built buildings are EVERYWHERE.

Speaking to friends, many of these buildings are selling well, but are 2nd and 3rd homes… and therefore no one is living in the buildings (sounds familiar).

To give you some idea of the scale of the building, I took out my camera while headed out of town.  Essentially, the 20 or so pictures below all represent different sites that start a bit south of the High tech zone and make our way out of town.  This ws just a tip of the iceberg, and on my next trip in a few weeks, I will do my best to capture more of what is going on down town.

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4 Responses to “Chengdu is Building.. and Building.. and Building… and Building”

  1. Michael says:

    April 30th, 2009 at 4:43 am

    Deja vu all over again. In the late 90s Chengdu was dotted with half finished shells of high rise offices and residential apartments. Something dratsic must have happened – either the money ran out or the government called a halt to the building boom. I thought I saw a few of these shells on my last visit in 2007.

  2. wmc says:

    April 30th, 2009 at 8:29 am

    I was completely awed and daunted by all the construction when I set foot in Chengdu for the first time earlier this month. It gave me the feeling that the construction would never end, that the cranes and scaffolding are now a permanent part of the skyline there.

    Are the units really all sold?

  3. Rich says:

    April 30th, 2009 at 8:50 am

    Michael.

    As far as I can tell, it is a matter of the developers saving money. Some are clearly dead sites, but others have movement… all be it, the teams are significantly scaled down.

    It is likely that some of these were from 2007. The second row right had no activity (or cranes) at all, and the round things had no visible activity when we passed it. We asked our driver what the building was going to be, and he said hotel/ resort…. not a good place to be right now.

    R

  4. Rich says:

    April 30th, 2009 at 8:57 am

    WMC.

    Some of the buildings, primarily those from HK developers, are sold out.

    Others have clearly not done so well!

    R