The Newest Counterfeit Craze – Buildings
Update
It looks like most of my suspicions were confirmed. According to this article there was a lot of suspicious stuff going on. First of all, the land was purchased by the developer at an extreme discount of only 640RMB per square meter. Other developers in the area paid over three times that amount for similar developments. Suspicious connections much? As well, the developer, which did not have a license, was granted a “temporary license” by the gov’t for the express purpose of joining the public bidding, which the gov’t has confirmed was not truly public. Color me completely unsurprised
Original Post
As you may or may not have heard, an apartment building (luckily still unoccupied and under construction) in the compound “Lotus Riverside” in Shanghai’s Minhang district fell over in one big piece on Saturday. Below are some pictures. You can find some more high resolution photos at EastSouthWestNorth
Toppled Building
Toppled Building
Recent Comments