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Media frenzy over Angola’s Chinese-built ‘ghost town’

International media has recently been in a frenzy over the ‘ghost town’ built in Angola by the China International Trust and Investment Corporation (CITIC) just 30km outside the capital city of Luanda.

Nova Cidade de Kilamba (meaning Kilamba New City) is a residential development of 750 eight-storey apartment buildings with a dozen schools, and more than 100 retail units. The US$3.5 billion development, which was built in just three years, covers 5,000 hectares and, according to reports, will be able to house about half a million people when fully completed.

According to the BBC News, nearly a year has passed since the first batch of 2,800 apartments went on sale, and only 220 have been sold. So why is this new city not attracting residents?

Critics say the property prices are way out of the affordability range of the majority of Angolans, where two thirds of the population are estimated to live on less that $2 a day. The Kilamba apartments are being advertised online between $120,000 and $200,000.

Although the apartments may be unaffordable to the majority of Angolans, the developers might find a market among the many expats and foreigners working in Angola. In this year’s Mercer’s Cost of Living survey, Luanda is ranked as the second most expensive place for expatriates to live in the world. Last year Luanda – for the second year running – occupied the top position. A major reason for this is the sky-high rates charged for acceptable and secure accommodation.

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  • John X

    I have a great idea for this city!
    The UN should purchase it, and relocate the entire group of “Palestinians” there. This would finally bring peace to Israel, and provide a place for the Palestinians to live.

    • Alloptionsonthetable

      Hey Johnny, steal land much? I’m sure most Africans, and definitely the people being pushed off the land to make way for this wasted investment would sympathize with Palestinians dispossessed of their Palestinian land by Israeli land grabs. You call this a solution to peace in Israel?? Tell that to Netenyoohoo’s short-lived “unity” government and how it reveals the forces undermining Israeli democracy. I know you’re not Israeli, as they are the most gifted intelligent people on the planet and wouldn’t propose something so well, simple minded and dumb. But you sure are a zionist wanker. Get ready for the one state of Palestien… or Israelistine…how about Israelistinia?

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