Malaysia’s China-linked multibillion-dollar ghost town project stalled by Covid and capital curbs
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Malaysia’s China-linked multibillion-dollar ghost town project stalled by Covid and capital curbs

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Forest City, a US$100-billion property development by a China-linked company in southern Malaysia, was built to house up to 700,000 people once completed in 2035. But the huge residential and commercial project resembles a ghost town today, with an estimated 2,000 residents living on the site. The clampdown on capital outflows from China and the Covid-19 pandemic have limited the number of potential buyers.

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