I spent a night in one of the empty apartments in Malaysia's $100 billion ghost town, and I can see why very few people want to live there [Business Insider]
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Source: Business Insider
Dozens of vacant units in the estate are listed for rent on Airbnb. Forest City is a luxury development in southern Malaysia. China's largest developer, Country Garden , spent $100 billion building the estate. I first visited Forest City in May 2022, and it was a ghost town. I found towering apartment buildings spread across four square miles. A white-sand beach overlooked the Johor Strait, where I could see the silhouette of industrial plants in western Singapore. At night, the windows of hundreds of rows of apartments stayed dark. There were barely any cars on the road and only a handful of people at the beach. Forest City projects that some 700,000 people will live in the estate in the next six years. For now, it says there are only 9,000 residents In 2022, a security guard at a local condominium told me 20 people lived in the complex. This left me curious about what it would be like to spend a night in one of these apartments. In March, eight years into Forest City's de
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News
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- The Forest City project in Johor, Malaysia has recently garnered significant attentionPR Newswire