Speculation in an empty city

At Ordos, China, local officials reportedly have built an entire new city for a million people.  But no one can move there, because all the apartments have been bought by speculators so housing is too expensive.  Al Jazeera seems to be the only real source for this story, tho brief mentions (omitting speculation) are in the Telegraph and National Post , and of course numerous blogs link to the video.

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