Edit: A better example for you would be Singapore, with its history of public housing, which gets privately owned (or 99-year-leased). They also have public roads.
Developers acquire new plots of land from local governments and are mandated to construct something more or less immediately.[10] Developers can't sit idly on vacant land and wait for the surrounding area to develop until it's economically viable.[10] This creates the quick-buck mentality in developers to rapidly build in the new area without the necessary demand for housing.[10]
"The cities are product of plan-driven economy that many cities are not expected to be complete or vibrant after 15 years of construction." https://en.wikipedia.org/wiki/Under-occupied_developments_in...