Is China Building A Ghost City In Malaysia?
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- Опубликовано: 6 окт 2024
- Vlog_029 is about Malaysia is building an array of new cities for the upper classes. Will this new city building boom be a success or will it lead to an array of ghost cities spread across the country? #Malaysia #China #Ghostcity
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I heard that one apartment costs around RM3 million, ain't no Johoreans gonna pay that much for an apartment with only 1 exit
Hey man, thank you for covering this.
First of all, I don't care if you are white, black or whatever colour of your skin, whether you are Malaysian or not, if you see an injustice, politically, socially or economically, we all need to point it out. I'm a Malaysian, I do have apologise for these so called Malaysian comments that demean you, or calling you racist names, or mocking you. I hope it does not affect your perspective of Malaysia as a nation, but I do not blame you if you have negative view about Malaysian attitudes neither.
Frankly, I think, kinda disappointed with some of the Malaysian comments, where they dissed/accused you of getting involve Malaysia 'business'. In larger scheme, you have no effect what so ever in the government decisions. You might affect the public opinions, that is all, and I think that they (the government and people who invest their interest in this city) scare the most.
When I found out about this city, I was horrified for so many reasons. The ecosystem destroyed is one of them. And the company building this city are not local company, they are from China. Thus, it won't help Malaysian at all, only certain Malaysian individuals that already rich. Plus, with these amount of money, they could 'buy' government officials that most Malaysians know they already corrupt. They can decide what law to follow and what not, and the direction of how the city developed.
And trust me, typical Malaysians are not able to buy a room a size of the toilet on that city. They are all for rich people, to be their second or third homes so that they can live with each others, while poor Malaysians are left without a roof on their heads. The disparity between the poor and the rich become more visible. If you notice about Malaysia, there are some part of Malaysia, there are bungalows built next to a wooden house. For me this a good thing. As a Malaysian, we should not just integrate between different races, but also different social classes. Malay, Chinese and Indian living together in the same neighbourhood as well as rich and poor. Or else the poor areas will turn into ghettos and the rich areas becoming more and more developed.
To all Malaysians, we all should be worried about this development. If you are worried about some youtuber exposing and talking about this in social media, you got your priorities wrong. We all should be worried how much these companies paying our government, to even allow to start the project. As far that I know this is not a government project, this is a private one. Especially this year, an election year. I am so worried other countries or companies would try to 'donate' money to a certain political party, which the Saudi did in 2013.
p/s : That camera, I think I can explain it. As far that I know there are no laws in Malaysia prohibiting recording video in public. (unless shooting porn videos or something in public area like on the top of a certain mountain in Malaysia for example :D)
However since the building is a private, they can impose their own rules (not laws, cos there is a big different between rules and laws as I read some comments that think laws = rules). Still for me it is ridiculous and b.s. It means they tried to hide something like I did when my german friends came and visited me last year, I told them not take much photograph in the house :D cos it is a mess and I don't want the world to know about it. Anyway I bet, there are hundred of security cameras inside that complex, but those things, if anything bad happened (to their reputations) they can manipulate/control the outcome.
note: Just remember, then only public place that you are not allowed to take picture/video is the public hospital. I almost died once when I was 13, had to be hospitalised, and my uncles and aunties were talking pictures of me. They got scolded by the nurses. And I threw all the pictures away anyway in the end, cos they were bad pictures, I mean I look like a very sick patient in a hospital. They were bad.
Thank you for this excellent comment explaining some of this. Very much appreciated!
Yeah, I was kinda ticked off when I read some comments accusing you interfering with Malaysia business. What you offer just an opinion, not millions of dollar to the government to sway their policies. As for me, I welcome outsider perspective, so I can see things differently. It is like looking at the young woman/old lady illusion picture. Some people only see a young woman, while others see as an old lady. And some can see both. I want to see both, so I could decide which one I think is better.
Sorry for writing such a long comment last time, I also apologise for my bad grammar :D Must give you a headache reading a comment riddles with mistake.
Oh yea, thank you for replaying back. Really appreaciate you took your time to read my comment.
Have a great day/evening sir, and peace from Malaysia.
This property is built on hazardous ground. The reclaimed land was not left to settle down for 10 years and construction began quickly. This is a disaster just waiting to happen.
They say that have special methods which allow them to build right away :-/
China companies are well known for lying and their frivolous building construction....better know as "tofu construction". A lot of this cases are not reported as China authorities will always clamp down on news that make them look bad. I look forward for this project to collapse financially and literally.
they reclaim lands in Dubai as well not sure if the 10 years is a must !!
@@RealLifeCinema nothing special.
The sultan of johor himself oversight this
hey wade. its great to see a foreigner is able to see this stupidity that Malaysia governement is doing while their leaders are totally blind
This is not malaysian goverment project.
Soon the whole of Johor Baru will be filled with ghost condos and ghost shopping malls. The time will come whereby there are plenty of homes, yet many are homeless.
dayy logg the typical malaysians will not be able to afford these pricey homes. Moreover johor baru citizens likes live in ground levels and not high rise pack buildings.
Little Spain during it's economic crisis.
Ocean Eleven the Chinese built it... You think they don't plan to move in too?
The PRC Chinese are parking their ill-gotten money all over the world in the form of property. They will not live in their foreign property and most probably they will rent it out. Their business or career are in mainland China.
And Chinese businesses are dumping their soon to be worthless US treasuries all over the world in exchange for hard asset.
Hi gam mal. I think you made a good point about the problem in China's rapid economic growth. But it kinda of difficult to avoid all the problems when a country is focusing on growth and development. Problems happened in Britain, in US before as well, it was just long time ago. Problems happened in Japan in last century as well. Why the government kinda tolerants these things? Because growth is more important. Without growth, more severe problems, like unemployment, aging society could emerge. In addition, I believe most of Chinese have morality and know what should and what should not.
This reeks the smell of money laundering
Those security guards are'nt even Malaysian. What is going to happen to this country, I wonder...
Are Malaysia's ready to do odd jobs like security guards? I think they think (Malaysia's) are too Puch for that...
@@funfimabest2571 malaysian are security guards and toilet washers of my malaysian university.if you want i can tell my university name.you can visit that university and check it
Why are you crying firstly look your country problems
they dnt have to be malaysian
Hey, Most security guards in Malaysia are not Malaysian. I doubt whether you know this country....
This is not a project by Govt of Malaysia, but a joint effort by private sectors of PRC and a Private sectors of Johor state.
Looks scary what china is doing ...And Malaysians are fine with this ?
Not true, the Johor sultan has 30% of whatever company within the ‘private sectors of Johor state’ which collaborates with China. Everyone in Johor knows it.
you are wrong our sultan owns 45%
Alex Loo sure or not? My friend in country garden told me 30% leh... where u get the info?
My China friend told me that these apartments are free gifts. If you were to buy an apartment in China from the same developer, they give you a free apartment in Malaysia ( which is thus one) for free. So to say is buy 1 get 1 free .
An ugly, out of balance cluster of monolith structures squeezed together on a very tight space. Imagine the environmental impacts (human wastes et al) produced by such a place!
hoang tran You may be thinking a little too far down the line :-) It is extremely questionable how many people will actually ever move in when looking at the buyer profile: Chinese nationals who tend to collect real estate around the world. Does anyone think these people are actually going to decide to settle in Johor? Maybe, but it is very questionable.
You meant it's sort of like a ghost town? Are you serious? Wonder what kind of developers who built such vast projects really are?!? If what you said is true, then it's an appalling case of misuse of scarce resources. I also think the local government should put in place laws regulating the height of structures vs population density on given planes to be developed before what seems to be a lovely riverside track of land is ruined by rampant, unregulated greed!
hoang tran It's way too soon to tell but if you look at the buyer profile the project stands a good chance of being starkly under-occupied for a very long time. Projects like this within China often have a difficult time getting homebuyers to move in, let alone a project like this trying to get them to move to another country on top of that.
Looks like the whole thing is financed by terribly corrupted money. No legit $ could sit idle indefinitely like that!
hoang tran - Dubai is having a tough time keeping it's fake islands. Every day they scoop sand from the sea bottom. This can't be smart. It's not practical.
And how stable can land be that has been reclaimed in an area where the sea is pulling land into the sea? Shorelines are supposed to shift every few decades.
When one shoreline shrinks, another shoreline grows in the form of a delta. I guess in a few years we'll find out how stupid this is.
Developers are facing sand shortages, because not all sand is useful in the building trades. So, the sands of Africa and Saudi can't be used for this purpose. It's too slippery.
Am from Johor Bahru, emm... this development got it's own pro n cons. But am much frustrated coz from this big buildings its ruined the sea ecosystem huhu. ... and really those China esp from mainland will live here 😐
nurhayati noh
Mainland Chinese are not going to live there... They buying for investments. They will rent out to other people.
5 minutes away from Singapore! How about 4 hrs jams both way? For pass 50 yrs. Jam always there. I got a house I seldom visit. Why ? I can stand the jam. Peak hours worse
10 Little Indians think of a way. marine. travel. on water la. is. a. very. good. ideal
This is insane! So amazing Wade, glad we found your channel. Your vlogs are so well done and extremely informative. Can't wait to see more of your work!
Thank you! I'm taking a little hiatus now as I finish up some other projects but should be back strong soon.
It is still a big big unknown whether this project will end up as a ghost town, more likely it will. Such high density, close packed among each buildings, resemblance of Singapore public housing scheme.
Bic i agree. So many projects in jb. But will there be lots of buyers and staying there? If no it will become ghosy town which is horrible like some projects in china.
Ocean Eleven Location wise, eventually it will filled up. But how long? Actually some china ghost town, eg Ordos, made famous by CNN report years back, already getting better
malaysians simply do not like to live in apartment buildings..so they're building these for foreigners?
Sofia Roux yes johoreans.likes to stay in bungalow.or semi detach house. High rise apartments is just.not for them. Because their country is big
I have heard that many China people wanted to immigrate to Singapore and Malaysia.
The buildings look like the typical flats in singapore. Hell, i'd trade my 5 room flat for a land in malaysia
The archaeology background explains your fascination with infrastructure projects. You’ve seen the death of ancient projects but you also wanted to see the birth. And right now the only place to find the birth of things that massive is in Asia.
Incredible! You watched this video to the end. Amazing. Thank you.
Yes, very true about infrastructure development. Archaeology is one part urban development, one part economics, and one part religion. Being involved in that profession for a while really messes you up as you start understanding the timeline -- or lack thereof -- of what you see all around you all to well haha.
Wade Shepard I always stay to the end!
The way you are with archeology I am with sociology. I like to know what made people the way they are. This video helps explain why you do what you do.
busuk hati pale bana hang. mahal untuk manusia demi kenyangkan perut kapitalis dn qarun akhir zaman.betulla apa mat salleh tu cakap.nak ke kita tgk qarun kapitalis akhir zaman buat rakyat kita merempat dgn jual dn bina rumah mahal smpai tkde sape rakyat duduk. saya sokong pembangunan dn kemajuan. tapi harga rumah dn hartanah hendaklah berpada bukan jadi kapitalis tamak jahat.
What a great vid! Your production values are getting better and better!
Thank you! Very, very much appreciated.
That project not hv any profit for Malaysian people..even the worker from foreign country,raw material source from China,they don't even hired malaysian..what they do is give mo1 money then they took it all..sold to China citizen not Malaysian..so what benefits for Malaysia?..nothinggggg..
Sultans are Malaysians too. So technically there are some benefits to some Malaysians. Not sure about the negative impacts though.
u NEED 2 go back 2 sekolah n learn some ENGLISH !!
You read too much propaganda. Let me guess: your favorite site is FMT or Mkini, isn't it?
We get some benefits in form of tax and import duty. What if they never build this project, never import those materials and workers? Then we would get *no tax* and *no import duty.* Nothing. It's that simple.
And how do you know they bribed mo1? Don't slander if you have no evidence. Avoid *fitnah* from becoming ingrained in our culture
lol so they bbuilt this city with chinese worker and import everything from china , then they gona sell this to malaysian and get all the cash and only pay small % of tax back to malaysian , man chinese are smart :) so 80% gona go to china , 20% gona go back to malaysia :)
This land belong to Malaysia and they cannot bring back home !! So why so worry ! Bangladesh workers got interview? But what is your motive for giving publicity??? JB will replaced Singapore as next mega city !! So dun get panic , eventually the Malaysian get benefits ! 5 stars ! Yes, trade secret to film !!
they planned for 20 years later, within that time the buildings hopefully full.
I really hope people would move in after these places open. I really hope these don't become ghost cities. I feel like there's an oversupply of housing in Johor Bahru now.
Prateep Sham Yes, definitely. Especially if you look at all the new housing that's going to be created and then Forest City on top of that. However, the plan to build a new central business district, etc, may help Johor develop a more dynamic economy for itself rather than merely relying on synergy with Singapore.
yeah, over 27% oversupply. and central bank malaysia already froze the incoming project
They need to attract loval buyers rather than Chinese buyers. Not every locals are rich.
it is not because oversupply but the price of the properties is way too high for local to buy. If there are oversupply I think most people will love it. Why? oversupply tend to reduce price so it is okay to oversupply.
oversupply for high end, mid to low end still limited...
This reclaimed land is part of a master plan to build a city for 700,000 new residents. They are built and initially targeted to sell to the Chinese in China. They were flown in by the plane loads to view and buy the projects. I personally think the Chinese are buying more for speculative purposes rather than buying it as a second home. Due to capital outflow control in China since 2017, there is a drastic slowdown in sales. Now the developers are targeting middle eastern investors. If the city is a success and there are real long term residents staying there, i think it will benefit both the Singapore and of course Malaysia's economy. Hopefully they are buying to stay long term, not just few months in a year or worse leave the units empty hoping for capital appreciation.
Underdog in china alone,there are quite a no.of ghost cities.their insanity has now spread to southeast asia.sad!!
Akin Khoo largely populated in china? Gotta be kidding.many of these ghost cities in 2nd n 3rd tier places are still largely vacant and left in ruins.good luck to msia
Akin Khoo talking abt china.locals there cant afford it.
Akin Khoo most of which cities? Haha.stop this self deception.
Akin Khoo dude, country garden did the right thing by putting residential over commerce, at least from the business point of view, if country garden build business towers and offices spaces first, who are they gonna sell these office units to? Malaysians? Can’t be right coz we are poor as hell, I doubt that malaysia businessmen are willing to rent an office space in the area also coz not only it’s so far from the town area the rent at the place is gonna be sky high also. China ppl? Not many China Ppl are willing to fork out multi million dollars to buy office units in a 3rd world country like Malaysia. An apartment costing a few million is still affordable to the China Ppl, but office space costs a lot more than that.
the chinese when they come they will devour like agog magog. and the saddest thing is the government allows these to happen,
i am a malaysian and i am very sad that this is happening to my country. havent we learnt anything about the chinese and sri lanka? i like most of the citizens cannot afford to buy a unit of danga bay and if i can afford it i will not like to stay there where i have to pinch myself telling me this is my country and not another chinese country...so sad....
Yg lemahnya Rakyat johor pun buat2 bodo. Kaki jilat. Taksub. Bagi mereka sultan mereka maksum, smua sultan buat xde salah. Facepalm. Aku bukan penyokong mahathir, tp aku rase memang patut dlu mahathir tarik kuasa sultan dan raja2 dlm perlembagaan. Memang ptut. Klu mkin bsar kuase mkin bnyk la salah guna.
So sad, philippines will have the same fate 😣
Same shit happen in Indonesia too. Chinese in lowkey invading SEA
.
+lemon yellow
simply because you only exaggerate your point of view, by ignoring all the benefits it has brought, due to your 'race-centric' blindness
Do you forget that there are tons of laws privileging bumiputera than the malaysian chinese/indians? lets not forget who's the most egoistical bunch of people here
yes, the so called 'ghost city' is a thing, myself i would like to read more about it, singapore mostly chinese, and they develops well without emphasizing on 'chinese privilege over others', they're the ones providing other races as well there equally
in malaysia its not the case, yet the chinese are what brought the mostly developed malaysia as it is today, and lets not even discuss about the religion
Wow. Fascinating. I'm glad this randomly showed up in my feed. Subscribed.
Europeans came with guns & colonisation, but Chinese came to build with money. Who is better?
gim zack You sir, are stupid.
Altair Ibn La'ahad ur name like asassin creed dajjal agent
Obsessed with superpower the malays were migrant from yunan region. Sakais.negritos... were original natives .
Sorry to insult sakai & jakun.
They re also bring slavery, rob natural resources, kill n oppress for you to convert to their religion, n never apoligive for bad things they ve done
"Romance with Places" - this is really amazing insight!
I think I feel the same way too, when travelling to cities I've lived in or visited in the past, in China as well... How they grow, change and evolve, and there is nothing that can stop it!
It is a measure of time, progress, and our lives, emotions...
Things that we will never forget, even if they are fleeting.
True Romance!
Andrei Gavrilov Yes, exactly. Exactly.
I think it’s a shame to have all these empty spaces yet so many homeless people. And this I speak worldwide. I think governments should tax landlords for empty spaces to bring cost down so everyone can afford a place to live there’s so many empty spaces and so many homeless. Makes no sense destroy our planet with empty spaces.
I mean like malaysian gov can buy those residence and resell it to malaysian
Love the way you report this situation. The building build with high density which too closed between each others. It will become like rumah setinggan near future.
The Gov should build -- modest homes and affordable ones-- for the majority of its population--- not catering for the Rich !!
China is buying Malaysia but the Chinese forgot what has happened to the Chinese in 1969 in Malaysia.
Enough is enough for dirty politics....
Lee Urdas Liamsi It happens， then Malasia will disappear.
To be frank, I really appreciate the developers for developing our region, but I do hope overdeveloping where all those gigantic building left abandoned would not occur
This apartment is fcking expensive . Local people cant even buy this .
Not just Johor Bahru many parts of China I saw big commercial and residential project empty’s ...
This is an issue in the Southern Malaysian city of Johor Baru. However despite the glut in buildings, the growth of Johor Baru as a city is phenomenal at between 8 to 10 percent over the last decade. Even if the Chinese do not take up this project, there are many other ways these properties can be sold. I dont think this is a major worry for JB. If it was Kelantan or Perlis, maybe.
You can see many ghost condos or apartments in port dickson..hopefully wont become like that
Those highrise concrete blocks gives me the chills. Looks like a place to house the institutionally insane.
They build for the rich and famous. Who the hell in Malaysia will bought this property in Johor Bahru??? all the rich and famous are in Kuala Lumpur. It is a waste of Government money to build this property. It will the same as all those shopping malls near to JB town that will be empty due to rent and lack of customers.
Apai Wekwek Private company call Country garden build it, government do not put out a single sent. Rich and famous are in KL, but not enough to sapu all luxury ppty in KL as the number of them are little. JB got many ordinary poor singaporean and these poor singaporeans comparable to KL rich and famous. Everything X3, poor become rich, KL rich come to singapore become poor. LOL
Except it is not government money but chinese investors money.
And with the new construction of the high speed train and a stop in Iskandar, that might change the picture.
However I agree with someone else here, they need people who live there and not investors. Chinese will not live there. The Singapore neighbours might, if transfer is made easy.
Think long term.
The fact is that Malaysia is planning a super-city in the south end of Johor. It will cover Iskandar, Johor B and some part to the north. There will be a network of excellent expressway roads which partially are there already, high speed train and a MRT train to Singapore, and many other facilities of a regional center such as hospitals, good schools, universities.
To draw the rich there is just a part of the equitation, they will make it desirable living there. All this takes time of course, we have to think in terms of 25 - 50 years.
It would be a hinterland for Singapore, the exchange would benefit both Singapore and Johor tremendously. Unfortunately Asians often are misers and pennypinchers. Instead of making it easier for the people to travel back and forth, at this time they make it more difficult for example by increasing fees.
Peter Kroll yea, and hinterland for sg definitely much richer than hinterland for kl.
Thanks for the refreshing documentary, like your style and edits in telling the story of the place :)
Joshua Leong Thank you. Very much appreciated!
OH MAN!!Iskandar Waterfront city is just like the city in the movie In Time,acted by Justin Timberlake...😂😂wow...but except there's no telling when you'll die haha...
This project is built for speculation, just looking at the amenities around without much spaces left for recreation. An engineer working there told me that buyers from China were attracted for 1-1 purchase, plenty of buyers with tonnes of money that need to be disposed of definitely would be enticed to park their money here.
MEIKARTA IN INDONESIA WILL BECOME A GHOST CITY
Lol... that minister interviewed is from Singapore...
Oo Patterson Yes, that's right, and the land reclamation shots in that section are from many countries in Asia.
how come they said the project benefit to local
the general worker from the bottom is bangladesh and china..the mangement is from china..the project given to china main contractor ...the material even being order from china...even their lift set...i only see the local serve at STARBUCK waiters...zzzzzzzzzz
Love the video! You’re good at this and I like your enthusiasm. Keep it up! +1 subscriber! 😊
Thanks!
How's the volume sounding for you guys? Especially during the parts where there is a voice over with music behind it? For me through headphones it sounds as if the music is a little too loud, through the speakers of my MacBook it seems as is the volume of the music is too low. Thanks! Much appreciated.
Wade Shepard from my iPhone 7 plus it sounded pretty balanced.
Thank you!
Wade Shepard those houses look architecture wise ... pretty boring. It’s like what we had in east Germany 35 years ago when the party wanted to create quick and cheap housings. This is just bigger and maybe a little better. But years later those houses still exist but especially in the not modernized ones .. no one wants to live in those anymore.
Wade Shepard dude China alone hv more 1 billion people so where place more they want to put it?..sorry for my broken English..if someone don't understand..just want to tell or info..how much in the world not hv Chinese race?..I think less than 10%..
Using chromecast to watch on my TV I thought it was a little bit hard to hear the talking over the music.
Great video bro, these developments are poping up everywhere. Hopefully there sustainable.
Kent Paraha difficult
This isnt a ghost city, this place is just NEW
Dean Gracia You're quoting from the video, right?
Exactly!
Dean Gracia Cool!
People are so hard on China. US built hundreds of military bases all over the world and nobody gave a damn. China is doing a one belt one road which is obviously for them to dominate entire Asia and Africa -but it's for commercial purposes if you ask me. All the countries involved in this program will benefit from it especially Africa. The Western world, US and EU are just salty because they can't get their hands on this gold mine. Let us, Asians, do our own thing. We do not meddle with western affairs so it's fair enough if you do the same thing to us.
True ... however, this project isn't part of One Belt One Road.
your voice is so calm😊
I went there before I would really hate it if I live there. It looks nice on camera but it’s so hot there. There’s no wind from sea at all plus everyone I know prefer to live in terraced house anyway instead of condominium.
We call it a housing bubble.
This is what happens when your population is so big all problems become huge problems! When you got 1,000,000,000 1/2 people every problem gets magnified by 1 billion
Mahathir need to do something about this ..
I, personally disagreed with all mega projects in Malaysia. It becomes from bad to worst now. If only there's a reliable, trustworthy and responsible Government or Companies that can redevelop all the abandoned projects which is an eye sore...such as house, apartments, flats would be most appreciated.
one of the amazing thing in our life time is seeing china coming from nothing to an empire.
aviv s Very true.
Wade Shepard Keep in mind that the Chinese Dynasty , was once one of the most powerful civillisations in the world. So technically China isn’t exactly nothing at all from history. But in Modern History and recent times , i guess China was basically nothing.
gam mal have always been the wealthiest? Dude, ppl in China r literally still eating junk iduring the early 90s ok... China is now rich, but 30 years back it was still quite poor... everybody knows that ok..lol...
gam mal and not to mention ppl in China were living on coupons/rations 30 years back coz there wasn’t enough food for everyone.
Agree... and I’m glad about it. I’m so tired of white supremacy!.
hey dude, you are awesome shooting this project was held like ghost building, hopefully it will turn up somethings in some day, perhaps not for now and it prove giant project build for wealth just for nothing
As a Malaysian, I welcome these projects. Thanks for showing your "concern" to our country's business.
The world's economies are interconnected. There is no such thing as "our country's business." What happens in Malaysia -- especially when talking about US$100 billion investments that are meant to rival an existing economic epicenter -- impacts everywhere else.
We Malaysians welcome foreign investments like these. As for "rival an existing economic epicenter", that's what free-market is suppose to do, you can come to invest in our country too.
TonyBeanify well i dont know u or something but im as a lead project engineer i hate this so much which happen to our country. Didnt we take a leason from british era. I know I earn great income from working with these project but its just like youre helping ur country demolished. Shame on you man!
Ahh, racist trolling in a RUclips comment section. Glad to see my SEA brethren are in with the internet meta.
Yasoboy actually I think you'll find that although the British came and were more direct with their actions, China is indeed doing the same with an "indirect" approach. Do you really think the money invested has really gone to Malaysians?... Let's think of some factors; Malaysia indebted to China or indeed the Labour force used to build these cities coming from Bangladesh or even the people who will buy the property being from outside Malaysia. Do you think anybody benefiting will actually be malaysian? Or don't you think most of the money will end up with China and all Malaysia is left with its empty buildings that foreigners have invested in as a foreign asset or a way to money launder...? This same approach has left Britain with enough housing - BUT!... I quote, 'unaffordable housing'
Ghost city’s are kind of scary but beautiful
You grew up in Buffalo? Cool man I'm currently studying in Buffalo and I'm from Malaysia!
Haha, funny! We're in each other's homes!
'Traffic in Dhaka is crazy - you can walk faster than the cars'. Anyone who has ever driven into central KL will know the feeling. Its not as bad as Jakarta but for a city with a fraction of Jakarta's population, KL is a nightmare. The big question around Chinese investment right through Asia and the Pacific is what happens when the Chinese economy experiences a sharp downturn ? They've already created a massive bubble in several Australian cities and I'm sure its even more obvious in countries with less regulation / more corruption and Malaysia fits that description to a tee. Ask the locals in Pnomh Penh how they feel about the cosy relationship between their government and the Chinese.
Arthur Watts Definitely. KL should go down as the prime example of how NOT to redevelop and modernize a city. They ruined that place with those elevated highways. There are other ways of dealing with the traffic issue that carving your city to pieces. While I'd say that the traffic in Dhaka is way worse, at least you can still walk places. In KL that is often impossible.
Arthur Watts Another point that I did not touch on here was how China plugged up capital outflows earlier this year. Suddenly, people who would otherwise e buying houses in places like the development featured in this video can no longer get enough money out of China. Country Garden and the broader Forest City project have responded by trying to attract Middle Eastern buyers instead. I'm not sure how that is working out.
Agreed - the restrictions in China have been accompanied here in Oz by tighter lending criteria after it was revealed that our big lenders were writing loans to overseas investors - mainly Chinese - on the basis of little more than faxed income statements that dont appear to have been verified. The mania to write loans to people who were seen as 'cashed up' is especially irritating to those of us who had to bend over backwards to get bank loans for anything but there are so many middlemen in the loop now that the big 4 banks can play the 'we were duped too !' soundtrack for anyone who will listen. Its all based on the implicit belief that if you lend 70% of the value of a $2 million apartment in Sydney or Melbourne, you'll easily recoup the money if the buyer defaults. Our developments are small compared to what you've described here, but they're still sold off the plan - good luck finding someone who doesn't even live here when the balance is due. Interesting times ahead.
Ar
Just amazing how much they are building there
For those who are still dreaming, bnm recently ordered a halt to all luxurious housing projects. Enough said. Is bnm jealous?
the people haven't moves in yet.
Same in jakarta. They reclaim the Jakarta bay to build fancy apartments and shopping centers. Its a way to build apartments with low cost. The developers is Indonesian chinese. Using money probably from china, and i am sure that the buyers will be rich people from china, not indonesian.
Gak usah bahas itu. Udah gak dilanjutkan juga proyeknya
the project will have people move in. I tried to buy a PROPERTY there. too expensive.
Love your vids. 👍🏿👍🏿
great video, lots of truth being brought to light
shan681 Thank you!
Thanks Wade for highlighting the gentrification of my hometown is taking place due to massive GREED at the expense of the local population. The place where it''s built is my childhood playground. I understand it's touted as 'development' but at the same time I fail to see any benefit it brings to my city. Even all the workers are foreigners ........ makes one wonder.....
"New Chinese Colony"?
Helping with economic & building development = colonization?
DEFINITION OF COLONIZATION.
the action or process of settling among and establishing control over the indigenous people of an area.
"Africa boasts a tradition of higher education institutions that predate Western colonization"
the action of appropriating a place or domain for one's own use.
This is not colonization if compares to what the west has achieved in the past.
Yasoboy the guy from this video is white. He should know better what is colonization. 😂
Yasoboy Chinese and Whites are the same, look at your neighbour Singapore, that is originally a Malay country but Chinese took over the land in a dirty way and make chinese the majority in that country while ethnic cleansing the Malays in Singapore, no difference between Chinese and Whites, both are greedy.
kenakaren shut the fuck up la u. Ethnic cleansing the Malay? U don’t know the truth that Malay in Malaysia were the ones started to ethnic cleansing Chinese in Malaysia during May11. Singaporean only started it as retaliation to force Malay in Malaysia stop ethnic cleansing Chinese in Malaysia.
Why? You butthurt? Where r u from?
Malaysia and Singapore are all from immigration countries and Malay ancestors were from Indonesia. Malaysia original people are the aborigines, not Malay. Malay got to Malaysia to deprive and slave trade the aborigines of Malaysia at that time, that’s why many aborigines still live in or near the jungle to run away from Malay slave trades back in the days. Don’t try to twist the history and make Malay looks like a “victim”.
To you Mr Racist cunt
Chinese are hardworking people wherever they go. Please don’t act like they rob or what.
Malaysia kicked Singapore out of Malaya meaning the Malay in Malaya kick Singapore out of Malaya. Chinese from Singapore did not willingly get out of Malaya. It’s the Malay in Malaysia feel inferior and unwilling to take Singapore as part Of Malaysia. Singapore couldn’t even form a country back in the days as they don’t even have water when they got independence from Malaya, lee kuan yew is not that stupid to want control Singapore politics at the risk of losing water supply to all Singaporeans.
Jason Salz let me see taking Singapore from Malaysia and occupy it with Chinese when originally Malays was the majority race in Singapore but now Chinese is 70+% race in Singapore is not ethnic cleansing? How am I racist, I am telling you chinese are doing bad things and u don't like to hear it.
Jason Salz Whatever it is Singapore has always been a part of Malay Archipelago, we aren't foreigners we own Singapore. Keep making up stories Malays are foreigners in Singapore so you wouldn't feel so bad about your ancestors stealing the land from the Malays.
Country Gardens? Anything but. What an awful high density concrete jungle. No allowance for open space or views between each tower block. What poor quality of life future residents will have.
I'm of a position that this place was never built for future residents. I could be proven wrong, but it seems as if they are just being built to be sold to investors -- a type of physical bank to store cash off shore.
How do you know it's empty? The keys are not handed over to the buyers yet.
Apaché Tomcat Hello, I mentioned that in the video.
Apaché Tomcat clearly, you're new to the topic he's presenting...what he's showing in the video, it's an epidemic in that part of the world - a lot of problems have gone along with those kinds of developments for years..study up on it and - hopefully - you'll understand so you'll know what's been going on for ages.
moon elf *Previously,* the title of this video is "empty city" even tho the development it's not open yet.
What do you mean by _epidemic problem_ anyway?
Apaché Tomcat Titles of videos change regularly based on performance.
Wade Shepard Thanks
Honestly, Most Malaysian don't welcome all these kind of mega projects like luxury condo, apartments or houses which will mostly occupied by foreigners. We, prefer an afforable housing projects and jobs for all Malaysian. That's the most needed and important. We have too many legal and illegal foreigners and definitely we don't need anymore. It's too messy. Its good if the Government can concentrate more to the Malaysian citizens rather than be greedy to make money and making the people suffered. The more hi tech, the more mega development etc ...etc....the more criminals will come and stay and create more problems and issue. Its good to be an average and simple country. It will be more peaceful and harmony.
Buat apa Maju tapi yg menikmati CHINA,penduduk China Mau cari tempat Tinggal baru hahaha
It won't be a ghost city, many will come from China and live there, they have so many people back there , need to export some to Malaysia, it is empty because they are not fully completed yet, still some need to be done before fit for living. You are right, profit is huge here, that is the main point of building so many in "tropical islands paradise" as claimed by Chinese developer. !
Why would any wealthy person from a big city in China move here to actually live?
Why not? another vacation house for winter getaway, or as an investment in property fliping , or even as a home to live after enroll in "second home program" rolled by Malaysia government for foreigners.. China has rising middle class population and is a world economic power now, many Chinese officials are rich now, 70% of the sales are actually done through Chinese buyers. No way Chinese will build 'ghost city ' by throwing cash around foreign country.
that city preparing for invasion on south east Asia with Building and economic ?
great vid dude, good to hear your dulcet tones again :P - keep up the good work amigo x
Thanks, man.
I love love love your vlogs. Very insightful
You should go and check with the Malaysian Government in the first place.
Bcs the city is in development, thts why nobody live there yet
Syed Iqbal and cause that belongs to prc...
Speculators only. The investors will not stay there.
there is a shopping mall called forest city. it is not a ghost city. not yet fully completed
Oh..is this what drives Malaysia's economy?
It's completely different in the Philippines. We have pocket city projects but most office and residential buildings are already fully leased or sold out before they start with the construction. Hence, no " NO GHOST CITIES". Demands for office spaces are too high with vacancy rate of below 5%.
so far no ghost city in malaysia. and the project in this video is Country Garden @ Danga Bay, Johor and is still under construction. the video title is misleading
Toppoki even its completed nobody would buy, if sonebody buy it is not malaysian, malingsians is poor people cannot afford these house, most.malings live in forest, only bangladeshi live in johor baru city
GOOD LUCK indon? haha go lick ur jokoko head haha
Drex Alacar It will be good to become land lord in Philippines. In malaysia, good to be tenants. Actually, nothing bad about ghost cities, as long as the money to build the ghost town...is not from the locals. Like Iskandar Malaysia many ghost projects, build by foreigners. Local wait the price drop only.
Bic ohh I see. These are foreign funded projects? I made a quick check about the project/s and it's a Chinese, Singaporean projects as they are trying to leverage on the proximity of JB to Singapore.
Dear all, sadly there will be another 3 reclaimed islands in Penang soon. They will build lots of mega highways (horrible 6-8lanes elevated )- PIL& Zenith packages. please help to save Penang's hills & rivers by signing our petition > goo.gl/RCWFJR
Lets keep Penang beautiful without pollution & negative environmental impact.
Many thanks. Appreciated, indeed! # SOS #
#LovePenang #SavePenang
槟城政府还要在槟岛建造三个人造岛 - 共RM460亿 包括 RM8,000,000,000 的 Pil1 高架大道。另外还有RM6,300,000,000 的Zenith 6-8行高架大道，这些‘高价’公路会影响槟城的自然生态和带来永久性污染及困扰，破坏山丘，河流及公园。请大家参考和联合签署这诉求(Petition) 。我们不要‘高价’公路，水灾或土崩。我们只要实惠的Autonomous Rail-rapid Transit （ART）就好。感恩！> goo.gl/RCWFJR
I covered this a while back here: www.forbes.com/sites/wadeshepard/2018/05/25/what-could-happen-if-malaysia-builds-three-more-islands/#1806d23b7ac0.
This is one about another land reclamation development on Penang: www.theguardian.com/cities/2018/may/02/cities-from-the-sea-the-true-cost-of-reclaimed-land-asia-malaysia-penang-dubai.
傻瓜，没特色怎么吸引游客？
This kind of cities are unnecessary except for some of the places like Hong Kong, New York. People just watch movies and fascinate about this cities without knowing if they are really in need and benefit the economy.
This caucasian fellow should visit the place now to see how it has developed.
we also building a new Canada
李潇宇 What do you mean?
Rip ..@.@
Here in canada they are buying land, invest in infrastructure, and then develop the land to be sold for much higher price
Bullshirt u hv ur own country why u want to make ur shit project in malaysia goo built at ur own country lahhhh
Hahah.
I hate what they are doing to johor, last time i can see their sea when I came back to johor i can't see the sea shore anymore.
Too risky for an investor to buy apartments on a reclaimed land. Those land may not be able to take the full weight of the condos & cracks will appeared after few years due to some soil movement
the security guard cant even speak english?wtf 2 stars or 5 stars?
Volume sounds good. Also is China building these ghost cities in Thailand?
Oh yeah. Haven't covered any of these yet, but probably will soon. However, they probably won't stay ghost cities for long. We really underestimate the new Asian middle class both in sheer numbers and spending capacity in the West. We also often rely on official numbers for our analysis ... and official numbers don't tell the story of pretty much anything in Asia haha.
oh really? omg@@
Communist China needs to keep their citizens busy by working and keeping employment numbers up. If the Chinese communist party gets high If the Chinese communist party gets high unemployment their biggest fear is civil unrest. By keeping people constantly working keeps communist party officials making their commissions for example they were doing it with Africa with the belt on the road as long as you keep people employed building things constantly keeps civil unrest at bay!.
In most areas in the west to build a high-rise condominium I think the occupancy has to be at 25% by the time the building begins
New subscriber here! Come to the Philippines 🇵🇭
First comer Singapore criticised Malaysia,the second comer/developer, for what?
You should go to Forest City about 20km from there. Much crazier than this Country Garden development.
Zees Chan ang takut dgn cina dap, tp najib jual tanaj kat cina komunis x pa plak..macai umngok bodo cm lembu 😂😂
Zees Chan ang x payah buh website la..1 dunia taw najib penyamun 😂😂 ang ja bodo duk undi penyamun..dah la mkn dedak cap babi 😂😂
Zees Chan umngok marah dah 😂😂 rilex la lembu kah³
Zees Chan mampos p la jatuh ka apa ka yg penting ang lembu umngok 😂😂 wkwkwkwk
ada lagi cai mamakdey gila kuasa..tak mampua lagi..
What is area name of this city in Johor?
Don't worry, Singaporeans will come and buy it lol
Z O D I A C Yama .
Nope, we're smarter than that.
You know the Hotel California song "you can check in anytime you like but you can never leave" . You can buy this project anytime you like but no one is going to buy it off you when you want to sell.
I buy in thailand better
Yeah, cheaper and better with a stable govt without a sovereign fund gone missing.
Chinese are building super advance city in my country Colombo,Sri Lanka .land reclaim is almost done.now they are building that city..it is just like marina bay sands of singapore which called Colombo port city. That is a really unbeleivable crazy project.
It is totally the same with Indonesia
If they can't maintain it, it'll def be a ghost city.
What is this guy trying to prove?? When you're told no camera - it means no camera. Respect and obey.
Did you completely miss the part in the video where I made a stand so that I could film with the iPhone?
I didn' t miss anything. You switched to using the CAMERA of your phone. You seriously think there's a difference?
S.E. Wa It seems as if you missed the part where they said that videoing with phones is permitted. It didn't make any sense to me either.
Richard Teh....is called “ freedom of speech “...you damn f**k
Andrew Ling white men say freedom of speech but Asian are not allowed n will brand you as propaganda
The vlogger seems to have an agenda against the "rich," but fails to understand what is probably going on in this case: 1) Permanent Residency (PR) in Singapore is NOT permanent! 2) Most of the foreigner middle class and even upper class professionals working there (many of whom are actually Malaysian) will need to return home when they are no longer useful e.g. working their behinds off and paying taxes, as their entry/exit permits won't be renewed + Singapore is very expensive if you are not working (retired/unemployed) and not a Singaporean getting the housing benefit etc; 3) So these are the so-called "rich" people BUYING these condos, along with the usual speculators/investors as there are not many safe/secure investment options in many emerging markets versus the USA/Australia/UK (so the $ goes into property); 4) So eventually...... These types of "ghost cities" will probably be filled.... Real estate works very differently and often defies Western logic in Asia and places like China where you have 1 billion+ people and governments that don't have to worry about the short term e.g. elections..... I would also add that Singapore has gotten so expensive to live/work/hire people in that alot of backend or operations work is shifting to neighboring countries......
What are you arguing with? Please point out where in this video I said something that was incorrect. Please consult Country Garden's promotional material for any problems that you have about me stating that this is a place that's for the rich. That's how they market the place, and they don't beat around this fact at all.
www.countrygardendangabay.com.my/images/CGBooklet_digital.pdf - Your definition of "rich" is way out of whack! Sorry but "rich" people DON'T live in 400-1400 sqf condos, except maybe in the center of Manhattan, London, HK. The only prices I can find are on www.lelong.com.my/kx/country+garden.htm - MYR1 million for 3 BR 1,300sf unit with other prices being surprisingly alot lower - that's pocket change to alot of professionals/business owners in this part of the world and they can get mortgages if needed! This is clearly being marketed to middle class professionals on up, especially those based in Singapore, maybe PRCs/middle east people as second homes (alot of middle east people like to vacation here), anyone who needs to be close to Singapore for business etc.
i went there today actually to find an apartment to rent.. dirt cheap at just $1400rm for a tiny 'studio' single room to $1700/$2000rm for two bedroom.. however nowhere close enough to eat within walking distance.. also looked at three of the buildings to decide which one is better.. the 'kings' one at the back is completely empty.. the lights in the halls are turned off the pools empty. I do not want to be the only person living in the entire building.. kinda scary! today was hammering down rain so i didn't get to find the model 'mall' that's displayed in the lobby, is that even opened yet? am having a really hard time finding a suitable place to live here in JB, all the condo's I've been taken to so far are mostly brand new ghost towns without lots of food places within walking distance. ( no car ) HELP!
We build a new city for Malaysia
apa benda kau cakap ni?? wkwkwk
Musnahkan ɐᴉsʎɐlɐW AMEN!!! English fail.shut up bullshit.most stupid people r u!
Musnahkan ɐᴉsʎɐlɐW AMEN!!! Islamists Malajew fucktard, like how you destroy everything wherever you go? Of course.
No.You build a city on our land to let more of your people live here...whats worse is,you destroy the people home to build it...damn chinese.
Musnahkan ɐᴉsʎɐlɐW AMEN!!! You must be a Muslim boy