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In a Malaysian pop-up city, echoes of China’s housing crash

Alexandra Stevenson

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It was an audacious real estate project undertaken a decade ago by a Chinese developer: a $US100 billion ($150 billion) city in Malaysia built on sand and shrubby mangroves and sold as a luxury “dream paradise” for China’s middle class.

Many of Forest City’s residents today are transient – the caretakers of the grounds who sweep the empty roads and pick up the garbage, trim the hedges and water the plants.

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    Original URL: https://www.afr.com/property/residential/in-a-malaysian-pop-up-city-echoes-of-china-s-housing-crash-20241028-p5klvp