China-Backed Malaysia Megacity Project Struggles

Malaysia is pushing to reopen its economy to the world after two years of coronavirus-related border closures, but a $100 billion megacity spearheaded by a Chinese developer off the country’s coast near Singapore remains largely stuck in neutral, the Financial Times reported.

The integrated Forest City, comprising four reclaimed islands in the Malaysian state of Johor, is struggling to market property to core investors in China and Singapore. The project is expected to be fully developed by 2035.

Read the full report: Financial Times

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.