Welcome to “Hometown America,” as Jackson Hole is called in Chinese, a mammoth real-estate venture that is an exacting pastiche of an American frontier town, albeit one with a wine-tasting pavilion, a New Age spa and security guards dressed as park rangers, who salute every passing car.
Modest entry-level homes sell for $625,000. Larger abodes — described by Jackson Hole’s developers as castles — have an attached vineyard and fetch nearly $8 million. The developer, Ju Yi International, says that more than 90 percent of the 1,500 homes have already been sold. Occupying more than a square mile of arid land in northeast Hebei Province, Jackson Hole has plenty of room to expand.
This New York Times article is “mind-blowing” and amazing. Read more about it here: