I love to see these wankers fail big ......it shows you .......fucking big egos of stupidity......hopefully somone will top themselves for fucking up big time .....greed stupidity.....a waste of money ........
Malaysia's $100 billion luxury estate was supposed to be a 'living paradise.' Instead, 6 years into development, it's a ghost town full of empty skyscrapers and deserted roads — take a look.
Forest City is one of the most controversial developments in Malaysia's history.
The $100 billion development is a ghost town with less than 5% of the expected number of residents.
Property prices are too high for locals, and foreigners see it as a bad investment, an expert said.
Forest City, a luxury estate in southern Malaysia, is one of the most controversial developments in the country's history. Six years into development, the $100 billion estate is already a ghost town.
The development is in Johor Bahru, Malaysia, just north of Singapore. It was built by Country Garden, China's largest property developer.
Forest City is huge: It spreads across 1,740 hectares, or four times the size of city-state Monaco. Around 700,000 people were initially expected to live in the estate.
But as of 2019, only around 500 people lived in the estate, according to a 2019 report by Foreign Policy. An expert who declined to be named for security reasons told me the estate's population has since grown to several thousand — which is still less than 5% of the expected number of residents.
Country Garden declined to comment on the number of residents in the development.
In early May, I flew from Singapore to Malaysia and then took a car to Forest City. As my taxi driver drove into the city, I was struck by the size of the development — it felt like I had been transported into a futuristic movie set.
While I waited for my car at the airport in Johor Bahru, I asked a couple of locals about Forest City. Many of them didn't know anything about it. One person told me it was remote, and another described it as an enclave, but that was all the information I could gather.
As we drove into Forest City, I saw signs of development everywhere: dozens of luxury apartment buildings, a sales gallery, a mall, an international school, and two resorts.
What I didn't see were signs of life.
Once I got to the reclaimed island, I paid a visit to Forest City's showroom. A massive model of the development was the centerpiece of the showroom. Many apartments were labeled "selling fast" or "sold out."
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