Malaysia's Forest City Teeters Over China Property Giant Woes

Malaysia's Forest City Teeters Over China Property Giant Woes

On the approach to Malaysia's $100 billion island megaproject backed by Chinese investment, a collapsed bridge forces drivers to detour before they reach an artificial city emerging from palm oil trees where condos, roads and shops lay empty. Aimed at middle-class Chinese buyers, Forest City has weathered scant sales, Chinese currency controls, a pandemic shutdown and public anger at China's growing influence in Malaysia. But its future is in do…

Johor’s Forest City teeters over China property giant’s woes

The project's future is in doubt because of financial problems. Read more at straitstimes.com.

Malaysia's Forest City teeters over China property giant woes

On the approach to Malaysia's $100-billion island megaproject backed by Chinese investment, a collapsed bridge forces drivers to detour before they reach an artificial city emerging from palm oil trees where condos, roads and shops lay empty.