A LUXURY estate in southern Malaysia built by the Chinese has been left to rot – and has become the most controversial development in the country’s history.
Dubbed the “ghost city”, the $100billion estate is built on reclaimed land far off from the nearest major city in Johor Bahru.
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Built by Country Garden – China’s largest property developer – under Xi Jinping’s Belt and Road Initiative, Forest City was pitched as “a dream paradise for all mankind”.
Back in 2016 when it was being constructed, the Chinese real-estate market was in full bloom.
Developers were borrowing unfathomable amounts of money to invest in property buildings aimed at middle-class buyers who live abroad.
Country Garden had the same plans in Malaysia, if not, even bigger.
The goal was to build an eco-friendly metropolis featuring a golf course, waterpark, offices, bars, and restaurants.
Spread across thousands of acres of land…
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