The real estate boom in Shanghai in the last decade has not only driven property prices to absurd levels, it has also taken its toll on older residential neighborhoods.
One such neighborhood in prime location right next to the Bund is named Xiaonanmen.
The housing stock is old, mostly single story, built in the 1920s and relatively untouched by the japanese invasion in WW2. Starting in 2010, to make space for luxury highrise residential developments, people living in this area have been relocated to surburban districs. With water and electrical supply lines mostly cut, a ghost town remains, of buldings being empty shells awaiting demolition. |
