Why do these failed paradises exist in Hong Kong?
Updated 0721 GMT (1521 HKT) April 13, 2017
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- Luxury Hong Kong development Sea Ranch stood dilapidated for years due to financial failure and an inconvenient location
- Yet other remote luxury developments on islands in Hong Kong have been successful
- Hong Kong's "lost paradises" might be experiencing a comeback, in world's most expensive housing market
(CNN)Setting foot onto Sea Ranch, it's hard to believe that this beautiful beachside development is only an hour by boat from Hong Kong's Island's zinging financial district.