“…Recently, academic studies have put more emphasis on ‘left‐behind areas’ that are characterized by high vacancy rates, a lack of a property market, and diminished authority in urban land (Herbert, 2018). Some others refer to the ‘deliberate speculation’ (Horn, 2022) on the left‐behind areas in valuable locations by holding prime sites off the market in anticipation of future appreciation, and creating an artificial scarcity of land available for development (Rybeck, 2020). The ‘soft’ characteristics of these spaces are also highlighted for their existence outside, alongside, or in‐between the formal statutory scales of governance (Haughton et al, 2013).…”