In recent years the Chinese real estate market has been slowing down in many second, third, and fourth-tier cities causing vacant or underused housing developments to proliferate, often due to government subsidized overbuilding.

Whole cities lay vacant as do smaller housing developments littered across cities.

Mapping these "Ghost Cities" exposes weaknesses in metropolitan and regional real estate markets, showing the risk of investing in these markets.

近年来，中国房地产市场在许多二、三、四线城市一直在放缓，同时由于政府过度资助建设，空置或未充分利用的住宅开发区增多。

有些城区整个空置，有些城市散落分布着空置的住宅开发区。

这些“鬼城”的地图揭示了大都市区域和区域性房地产市场的缺陷，显示出投资这些市场的风险。