Can Malaysia revive its $100 billion city that has become a ‘ghost town?’
by Firstpost
Firstpost— 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...
dailym.ai—America's forgotten 'doom loop' city, where $205m skyscrapers are selling for under $4m and the decaying downtown has become a ghost town. St. Louis has endured worst recovery since Covid decimated city centers. The city's real estate is plummeting in value, sparking major concerns. Its population continues to trend downward as city revitalization efforts falter
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