"Kangbashi New Area, or Hia Bagx New Area (Mongolian: ᠬᠢᠶᠠ ᠪᠠᠭᠰᠢ kiy-a baγsi; Chinese: 康巴什新区; Pinyin: KāngbāshíXīnqū), or Habagexi Subdistrict, is a subdivision of the Chinese city of Ordos, Inner Mongolia, situated in Northern China. Kangbashi was made world famous by a news report in November 2009 from Al Jazeera, later picked up and expanded through an April 2010 article in Time magazine, for having few residents but massive amounts of empty residential housing and high-tech public works projects. Subsequent reports have supported the claims that Kangbashi only presently houses around 20,000 to 30,000 people. High home prices are often blamed for keeping prospective buyers away from the city. But when home prices crashed there—from $1,100 a square foot in 2006 to $470 a square foot in December 2011—people started to think Kangbashi was a lost cause."