Malaysia's $100 billion luxury estate is a ghost town full of empty skyscrapers and deserted roads

[Leckmichamarsch]

Of course you don't have to buy. Just rent.
Buying assets in country with falling currency is a no no.

soon minahs pay you for fucking her....in RM

 

[Leckmichamarsch]

China's dirty money has dried up. That's all.

https://en.wikipedia.org/wiki/Forest_City_(Johor)

https://en.wikipedia.org/wiki/Country_Garden

the biggest winner is Sultan Johor
Took billions n still laffing
now going in lrave

 

[rushifa666]

China constructed scam project under najib . Correct

 

[syed putra]

China constructed scam project under najib . Correct

It was based on demand under badawi in 2006. Then, china visitirs were given visa free entry, so can enter easily from sinkie.hence the reason for china developers to build in JB.
Najib or zahid stopped the visa free entry, and based on current court case, due to kick backs they will make by outsourcing visa processing to private company.
That, plus increased in minimum price foreigners can purchase a home from RM500k to RM1 mil finally killed johore real estate.
I was surprused, johore MB and sultan did not protest when those were implemented.
Dr m reduced the minimum price of homes foreigners can buy to RM600k, and implement visa free entry, but way too late. Xi jinping stopped the money flow.

 

[batman1]

JB has become a slum city.

 

[syed putra]

JB has become a slum city.

Nonsense. It has lots of potential. What they need is a leader of vision who puts the interest of the people and nation instead of themselves,

 

[NanoRay]

So the Developer is only able to collect common fees from the less than 500 units sold, but has to maintain huge common facilities. KNN, the Developer pays until siao !

 

[syed putra]

So the Developer is only able to collect common fees from the less than 500 units sold, but has to maintain huge common facilities. KNN, the Developer pays until siao !

Its a minor setback. Their 36 hole golf course is a success.
They still have 4 more islands to build.

 

[winnipegjets]

It was based on demand under badawi in 2006. Then, china visitirs were given visa free entry, so can enter easily from sinkie.hence the reason for china developers to build in JB.
Najib or zahid stopped the visa free entry, and based on current court case, due to kick backs they will make by outsourcing visa processing to private company.
That, plus increased in minimum price foreigners can purchase a home from RM500k to RM1 mil finally killed johore real estate.
I was surprused, johore MB and sultan did not protest when those were implemented.
Dr m reduced the minimum price of homes foreigners can buy to RM600k, and implement visa free entry, but way too late. Xi jinping stopped the money flow.

So, can buy or not? Your Islamic wisdom is much sought after.

 

[Chase]

Developer Country Garden's credit rating downgraded to Junk by Moody's
https://www.bloomberg.com/news/vide...veloper-country-garden-cut-to-junk-by-moody-s

 

[congo9]

I am sure singkie like to stay in Forests city.

 

[tobelightlight]

The pandemic restrictions caused it to fail. It is simply that. The developer are unlucky, that is all.

So much crap theory about Malaysia corruption and then throw in some "Without PAP then cannot make it" bullshit.

 

[syed putra]

So, can buy or not? Your Islamic wisdom is much sought after.

How much are they selling? If cheap, with 36 hole golf course membership,maybe its a good buy.
Problem with the development is they should not build it so tall. It mars the environment.
KL and thsiland has same problem wrt abundant property development. Too many so fdn't expect sny aporeciation. And very difficult to sell as buyers prefer brand new units.
In KL case, coupled with faltering currency so its not for investing.

 

[syed putra]

The pandemic restrictions caused it to fail. It is simply that. The developer are unlucky, that is all.

So much crap theory about Malaysia corruption and then throw in some "Without PAP then cannot make it" bullshit.

Its got nothing to do with pandemic.
It was faltering under najib who imposed tougher restrictions for visitors from china.
Under this current gomen, its even tougher.
Sarawak, which are allies to thus malay centric gomen refuse to abide. So if you want mm2h under previous lenient conditions, apply through sarawak. It is valid to travel all over the country.

 

[Hypocrite-The]

 

[congo9]

Forest city needs to have more forest before its ready for show. Thus no one is adding to the Serene environment yet for now. Give it another 5 years or 10, I buy one unit there.

 

[blackmondy]

Development started way before the reclaimed land is supposed to have settle down. In other words, the condos are standing on shaky foundations. I salute the brave occupants there.

 

[congo9]

If the buildings start to crumble, it's also natural.

 

[rushifa666]

Sinkies as always choose retarded places to buy. Forrest city is china garbage. Nearby nothing is cheap. Buying itslef is already retarded. Usually the fools i meet are a combination of all three

 

[syed putra]

Sinkies as always choose retarded places to buy. Forrest city is china garbage. Nearby nothing is cheap. Buying itslef is already retarded. Usually the fools i meet are a combination of all three

Sinkies one of highest iq people. Prease lespect!