I found this amazing article about the abandoned skyscrapers in Bangkok Thailand. During the early 90s many Asian economies grew at a rapid rate. But in 1997, many of these nations had a serious financial crisis. Overnight stock markets crashed, currencies were devalued, and prime real estate became worthless. Though nearly all of the Asian markets felt the effects, Thailand was one of the hardest hit.
With it’s currency suddenly devalued, thriving businesses went bankrupt with no warning. When this happened to developers, many of the massive projects they were working on were simply abandoned. The city of Bangkok which had been growing at a fantastic rate, suddenly didn’t need any new office buildings or skyscrapers. So the skyscrapers were just abandoned, becoming “ghost buildings.”
Check out this video to see some of the many projects left partially finished and rusting away.
Via Travel Happy: Thailand’s Ghost Buildings: The Wall Street Journal video
