Dec 1, 2024 · Forest City’s failure is not just a financial debacle but also a human one. Many middle-class buyers who had hoped for a slice of paradise found themselves saddled with unlivable properties and mounting debt.

Jul 13, 2024 · The name Forest City Malaysia conjures up ideas of botanical wonder, a green paradise. Today, however, the project, designed on an artificial island in the Straits of Johor, is completely...

JOHOR BARU: The master developer of Forest City has refuted accusations that it is a "failed project". Country Garden Pacificview Sdn Bhd (CGPV) said the widely publicised "ghost town" narrative was simply "fear tactics" used to intimidate potential buyers, investors and residents.

Apr 26, 2024 · Malaysia’s Forest City is one of the largest and most costly megaprojects in the world, yet it became a “ghost city” eight years after its conception. Nicole writes about its problems and failures.

Nov 22, 2021 · Tunku Mahkota Johor (TMJ) Tunku Ismail Idris ibni Sultan Ibrahim has come forth to shut down claims surrounding the “failure” of the Forest City mega project in Iskandar Puteri, which was first brought to light last week.

Country Garden faced total liabilities of US$194 billion at the end of 2022, with worries about the outlook of Forest City and its other Malaysian projects.

Dec 19, 2023 · A worker clears fallen plants in a water park in Chinese developer Country Garden’s Forest City in Johor Bahru, Malaysia, 14 December 2023 (issued 19 December 2023).

Sep 19, 2024 · At its core, the project’s failure stems from a fatally flawed premise: the belief that a city could be built and sustained primarily through foreign, specifically Chinese, investment. This strategy was doomed from the outset, vulnerable to the vagaries of international politics and economic fluctuations.

Nov 21, 2021 · Despite being touted as an “an energy-efficient, ecologically sensitive, land-conserving, low-polluting offshore city,” Forest City’s development resulted in significant and …

Nov 27, 2023 · Critics argue the $100 billion project has not turned out to be the paradise it was marketed as. Malaysia's Forest City was billed as a 7,000-acre "dream paradise", with luxury apartments...