In photos: ‘Ghost buildings’ in Vietnam megacity
Monday, November 03, 2014, 21:24 GMT+7
The current real estate crisis in Vietnam has forced investors to halt their ongoing projects in Ho Chi Minh City, leaving many incomplete apartment buildings in the city derelict for years.
These abandoned buildings, which look like ghost houses, have become occasional home to vagrants and drug addicts. Even, fish ponds are also spotted in the structures.
For thousands of people, who have spent their hard-earned money in deposit to buy houses from these vacant projects, their dream of owning a home is still a distant one because real estate investors have repeatedly failed to deliver on their promise of finishing the flats for them.
Petro Vietnam Landmark house project based in Ho Chi Minh City’s District 2 invested by PetroVietnam Construction Land Corporation is seen abandoned though customers deposited money to buy flats there in 2010 and the investors pledged to deliver finished apartments to them in September 2012.
The project of Kenton Residences apartment building located in HCMC’s Nha Be District with 2,000 flats whose construction halted three years ago.
Apartment building T106 in HCMC’s District 6 is seriously downgraded.
The vacant Petro Vietnam Landmark project has angered many costumers.
A family is precariously living in an abandoned apartment building in HCMC.
Gamblers gather in T106 apartment building located in HCMC’s District 6.
Investors of Gia Phu Land house project not only delayed delivering flats to their customers as promised, but they were also found selling one same flat to 4 to 5 customers.
Bai Say house project situated in HCMC’s District 6 has been left vacant for more than three years. In this photo, a crane is seen hanging in mid air, posing risks to local people.
Quoc Cuong Gia Lai 2 house project on Pham Hung Street in HCMC’s Binh Chanh District has been left to become derelict for a long time.
An abandoned house project in Vietnam’s southern hub seen in this photo.
Having sued investors of a house project for some three years, 69-year-old Nguyen Thi Hong hasn’t been delivered a flat yet. She now lives in a tiny rented house.
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