2/16/2017 Li Gan: “Ghost” Towns?: Why 50 Million Housing Units in China are Vacant

By Joanne Wong

High vacancy rates in China cannot solely be attributed to investment purposes or cultural motivations, but are in fact a consequence of misunderstanding urbanization, according to Prof. Li Gan, director of the China Household Finance Survey at Southwestern University of Finance and Economics in China and Clifford Taylor Jr. Professor in Liberal Arts at Texas A&M University. In his talk to the DUSP and CRE community on February 16, Prof. Gan urged researchers in both the public and private sectors to take a closer look at the phenomenon as it will have serious implications for housing markets in the future. News