Can Malaysia revive its $100 billion city that has become a ‘ghost town?’
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Malaysia is scrambling to save its $100 billion city of the future. Forest City, the brainchild of China’s troubled property giant Country Garden, located in southern Malaysia’s Johor has Sultan Ibrahim Iskandar as one of its major stakeholders. Billed as a paradise with turtles and white-sand beaches, Forest City aimed at housing 700,000 people across 7,000 acres on four reclaimed islands upon completion in 2035. But many years into construction, the joint venture between Country Garden and a...

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