Forest City, Malaysia’s multibillion-dollar real estate project in Johor, has long been labelled a “ghost town”. Planned to house 700,000 residents, it is only 15% completed to date – and has just 9,000 residents. So, what fuels its residents’ optimism towards the megacity’s future?
00:00 Is Forest City no longer a ghost town?
00:40 Meet a Forest City property agent
01:03 What you can rent for US$450 a month
02:46 Residents who saw opportunities to start businesses
03:40 Future of Forest City as a special financial zone
Watch the full Insight episode Malaysia’s $100B Forest City Turned “Ghost Town”: Can The Megaproject Be Revived?: https://www.youtube.com/watch?v=41_Hs1nl9D8
Also watch:
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Very Few Malaysians Can Afford To Retire. What Went Wrong? | Insight
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