"Unveiling Forest City: Malaysia's Enigmatic Chinese-Constructed Metropolis"
Forest City, a Chinese-built mega-project in Malaysia, was intended to house one million people but currently only has a 1% occupancy rate. The isolated location, high prices, and lack of amenities have deterred potential tenants, earning it the nickname "Ghost City." The project's developer, Country Garden, faces significant debts and the challenges of China's property market crisis. Factors such as visa restrictions, political instability, and Covid-related travel restrictions have further hampered the project. The fate of Forest City and similar projects depends on the Chinese government's support, but the current situation highlights the gap between ambition and reality in China's property market.
