1) Years ago for work, I went deep investigating these; some of the team actually flew to China to see it all first-hand and verify the data. This is not a bunk narrative.

2) I've never made this accusation on HN before and apologize if I'm wrong, but this is a new account with 3 comments, all on this post (one of the largest posts about Hong Kong I've seen in a while here), and it looks a lot like a paid actor for China. This makes me thankful for the green-name feature on HN, if the random string of numbers wasn't enough of a tell.

This take is bunk. I travel to China every year and in each major city, for each filled skyscraper, there is another that is half built and empty.

Bunk? A Chinese government official admitted there were way more homes than people in China.

https://www.reuters.com/world/china/even-chinas-14-bln-popul...

Housing prices have dropped 30% so far, and the market hasn’t hit bottom. It’s creating a huge drag on people’s savings and the economy as a whole. Not to mention inflating government debt as local governments can’t sell land anymore to developers to fund local spending.

Ghost cities of tofu dredge buildings are real. In some cases, the local government moved there offices into those places in a desperate bid to turn the tide.

Given China’s falling demographics and geopolitical events, the provinces built too much housing.