My friend lives in Forest City. She is in one of the towers you showed in the video. Hers is the only occupied unit on that floor. three floors above and four below are totally vacant. Eventhough pets are not allowed, she needs to keep a dog coz the security doors stopped working and weird people come in coz the guards dont give a crap. Also, its haunted.
@@suneosatellites shadow people. would come into her apt, disturb during sleep (sleep paralysis, throw covers off her) and walk around the hallway (but cctv shows nobody there). with the dog, the occurences were less but when do happen, the dog goes nuts. one of the units above her got poltergeist.
Building without thinking , majority Malaysians can't afford to buy one , should have channeled the money in a more meaningful way. Now become real forest !
Because malaysians are just lazy and now, asking to lower the price or where in the later part, asking for free.. malaysians standard way of thinking.. pea brain
What do you mean useless project? I mean, they already achieving their dream. With the city abandoned, The forest will eventually grows itself and it will become a "Forest City". 🤣
I've been there in Forest City multiple times as I am working in Malaysia as an expatriate. It is a beautiful place. But the last time I went there, it looks like abandoned, a ghost town and left to rot. What a waste of money, time and effort. It was an unstable politics that mainly the cause of its fall.
the developer paid RM1 billion to the Sultan of Johor.... just to build artificial island for this Forest city. Its not even Malaysian land: from this perspective . a bad omen for the project to fail: Karma
I believe it was constructed with ill intention by the foreign partner to destroy one of the busiest port reputations of Singapore as well as to dump overproduced steel from the country.
Let me give a honest review , if they can marked down the price for such high density condo to monthly rental RM700 per room assuming , all Malaysians who working in Singapore, definitely occupancy for rental will up to 70-80% wont be so dark , and will be better if there is supermarket like Lotus or Vilage Grocer below, this is what developer should do.
Just keep them in dark because Mahathir didn't get a penny from the project and says "it's only for Chinese from China" so he revoke the project approval from Sultan Johore. Wait did I say too much about that old macha? Who knows, Macha Green Tea can bring peace AFAIK.
The Forest City Project is doomed to failure from the start. Imagine this, Prices of Forest City Apartments are priced above RM 1,000 which is similar to international enclave of Mont Kiara or Desa Park City which are some of the most prestigious addresses in Kuala Lumpur. Moreover, Johore is located in southmost tip of Kuala Lumpur (KL - Capital City of Malaysia) which is some 500 km away from KL. Also, generally the locals are typically apprehensive of developers from China as local developers generally have a higher level of construction quality than Developers from China. Johore only has a population of 4 mio and Country Gardens is build enough apartments for 700,00. This will cost cause a gross over supply in housing. These apartments are priced way out of the reach of the locals. Johore has a highly transitional population many of which are blue collar workers that comes from other states of Malaysia and travel daily across the Singapore to work daily. As such crime rate is also higher than other Malaysian states. Lastly as someone from this part of the world. When you see a property for sale and that foreigners to eligible to buy. Let that be a stark warning to you. It is usually a trap for you. For starters these properties are usually at least 25-30% overpriced. In my opinion these Forest City apartments are at least 45%-60% overpriced. Do note secondhand properties, particularly those outside the prime districts of KL and Penang have poor investment/resale value as local prefer new properties as it is easier to get full financing and land is plentiful here.
No lah. Obviously u are not stay in jb. Main petik je. Most property in jb are super expensive. More expensive then KL. Even like horizon hill, ecoworld, guthrie project, do u think its full? Some units sold, but nobody live in it. And mostly unable to sell or went for auction. If u dont believe, check i-property. See how many and how much the price.
An excellent account of the Forest City.😀Very precarious to depend on just one group or some groups of foreigners as the target clients of a gigantic project like the Forest City, or Dubai's man-made islands.
It's still very tempting, it's so near Singapore check point, location seem legit. If they close gate and only allow international buyer and not local buyer, it's might be tough for now. I think they need another 20 years to see it's bloom.
They just need to target Singaporean buyers actually. Mahathir knew it was coming and stopped that as he knew most would be Singaporean Chinese buyers whom he has very little love of.
Princess Cove is far better. A short walk/or drive to the Immigration, right next to the causeway, lots of shops and restaurants near by and much more likely to be maintained as it will have much higher tenancy.
designed as a China enclave in foreign land. That's why local population is quite hostile to this project apart from those who have a direct benefit from it.
That's ridiculous. It is NOT designed for a specific nationality or race. It's designed to be sold to get a maximum return on investment. The planner just happens to be less competent in designing an international conplex since all their designers are just using carbon copies of their projects they used in China and failed to hire better international designers.
@@ALong-fo5so , that's what I don't understand. The argument does not make economic sense. Havung locals hostile towards thebproject sounds more like propaganda that is rooted in prejudice against foreigners. If that assumption is correct, that would imply that Putrajaya and Nusajaya/Iskandar Puteri's middle-eastern architectural design is made for Arabs and that Saudi "gifts" and investment money is a form of middle eastern colonization into Malaysian enclaves as well. But locals seem fine with that sort of governmental enclave, despite middle eastern architecture being a foreign colonial influence instead of being grown from a pre-colonial local architecture. I think Nusajaya started out pretty empty as well, but its location and landed properties are much more attractive to locals because this is they kind of housing they're used to and it is much closer to JB's city center. Compared to that, forest City seems far away from JB and only offers apartment blocks which provides a lower value proposition than landed property despite its luxury marketing. Politically, it sounds like the appointment of Anwar Ibrahim which heads the ruling party in Johor as opposed to Mahathir, might help with the deadlock. But and the end of the day it sounds more like the main issue is that the developers Forest City has created a luxury enclave that shuns the middle and lower income classes. In short, the problem is the complex did not create spaces for low and middle income customers and became an ivory tower for the wealthy, inviting jealously duento income inequality
It's they own fault. The Chinese developer expect International Residence ignoring the local needs. You get what you ask for. How many foreigner gonna buy this ghost city?
@Infinity . . . very true. just want to cancel the development projects initiated by the previous Najib's administration. but Never think about how to provide the solution on how to revive the city or at least try avoid it from becoming a ghost city. so it was a very bad administrative decision by the 22 mths regime back then
In reality KPRJ controls only 20% of Esplanade Dangga 88. The Sultan of Johor owns 64.4%, the other 15.6% by one of his court advisers. The sultan has a large interest in many of the development projects that had been taking place in Johor.
Don't worry, the forest will grow itself eventually, people still can live there regardless rich or poor as a playground,you lived the dream, nothing to lose bud..
The people staying have high caution level with the unstable governing officials disregarding previous promises. There is SO MUCH to lose instead of nothing as you mentioned. With a new PM of Malaysia, i hope the country can gain stability over the next 3-5 years then MAYBE expats will re-consider but for the next 2 years, this city is left for nothing but to rot.
very weird ... lesson learnt: you can't build a city based on capitalism. People live and breed in places where they have sense of identity and governance. Every city will need a good mayor to run. Btw, Singapore wasn't built by attracting the rich. The high rise buildings were build to house people from living in slums. It was from very humble beginnings.
Yes.im so agree to this! Our ruler is too greedy.im sorry if someone feel offended,but this is exactly what happen.they only though things for the outsiders & greedy to make more money.while if they ever think a little bit for the local business,and open some of the area cheap enough for locals to operate,I'm sure the area won't be totally abandoned.but they have no backup plan when those Chinese citizen cannot buy property there anymore.this what happened.
So basically it all started from China withholding their buyers from completing their purchases. The price is also higher than the average locals' ability to purchase. It's like a resort city. Might as well let the gov or universities open it as homestay or hotel for training hospitality students instead of just letting it rot like that. If the rent is lowered during the beginning and gradually increase after more people start bustling the area then businesses will be able to survive.
These ideas are a drop in the ocean compared to the number of empty units in Forest City. No one is going to let their home be turned into a school anyway.
@@hsiungsan8063 Yes. Understandable. But didn't they say the houses have lost their owners due to the purchases being cancelled? So it's vacant now. Just up to developers to decide whether they want to gain something from it or nothing at all. Making use of property assets are much better than leaving them vacant and broken. Plus, I heard anywhere that have public schools or public universities built there, the place gradually developed and the people start flocking there to do business. Since not much competition there, the sales would definitely go to the first few businesses available. It's a win-win for all. With time, the people living there will form a community and all facilities will eventually be available.
No need we have Edu CIty in Johor for that type of developments and people can get there easily, nobody what's to go all the way to Forest City, it's miles from the city center with minimal access to shops and restaurants.
I went to Malaysia 3 weeks ago, I finally realized why it is sooooo BORING and very few tourists goes there! As compared to Thailand, Vietnam, Phillippines. ...1. Malaysia is a Muslim country with 75 percent Muslims. All their women are kept in houses, and all wrapped up. That is why no men, no tourists wants to go there! While Thailand, Phillippines, Vietnam there are soooooo many tourists. The food is delicious and cheap, girls , women all want to be your girlfriends, there are many shopping centers and many DANCE CLUBS. While in Malaysia it is just the opposite. No women wants to be with foreign men, food is just average tasting, there are no dance clubs,. Why would anyone want to visit Malaysia?? I will never go again. I will go to Vietnam and Thailand and Phillippines!!
@@jeffjohnson5053 don't you even knows that Malaysia, as a muslim country, is the most arrogant people.. Those locals actually hated foreigners. Even tourists.. do not buy too much of their products or produce, they will say that you stole them. Just let the people and country rot.. 😁🤣🤣🤣
well, only one family heavily benefited and profited from this project. As johorean , u know i know who is this family.....hahaha... $$$$$$$$$$$$$$$$$$$
I went to Malaysia 3 weeks ago, I finally realized why it is sooooo BORING and very few tourists goes there! As compared to Thailand, Vietnam, Phillippines. ...1. Malaysia is a Muslim country with 75 percent Muslims. All their women are kept in houses, and all wrapped up. That is why no men, no tourists wants to go there! While Thailand, Phillippines, Vietnam there are soooooo many tourists. The food is delicious and cheap, girls , women all want to be your girlfriends, there are many shopping centers and many DANCE CLUBS. While in Malaysia it is just the opposite. No women wants to be with foreign men, food is just average tasting, there are no dance clubs,. Why would anyone want to visit Malaysia?? I will never go again. I will go to Vietnam and Thailand and Phillippines!!
@@jeffjohnson5053 I know you come to Asean just want to f*ck some girls. And Malaysian girl are not a whore and cheap that can be rent and f*ck. Go check xhamster, many white man f*ck Thailand, Philippines, Vietnam.
@@jeffjohnson5053 Oh you mean, Malaysian woman did not serve your Lotus Blossom fantasy? 🤣🤣🤣 Oh well..more men than women in Malaysia. Make sense now. We Malaysian woman can pick lovely man just too much competition because foreign woman find Malaysian man romantic. Hrmmm...
An estate directly opposite Singapore's heavy industry Jurong and the world's second-largest old refineries! A very high risk of air pollution when the wind is blowing westward and northward!
Think the targeted customers already wrong in the first place. Middle and upper classes in China can afford to stay in Singapore and has no need to stay in Malaysia 😅
Why stay in a congested and stressful city when you have all the space to yourself here for a fraction of Spore price. The difference in the currency exchange rate is another reason why better than there.
@@kamsunleong6648 LoL you don't understand do you? Middle and upper classes in China doesn't care about the difference in price. They can easily afford the higher standard of living in Singapore. Only those that cannot, will want to stay in Malaysia.
@Notti Mikey Yeah, if I am a tycoon & want to invest in property, I would invest in Singapore. Until & unless corruption is eradicated (which I think is impossible) & racial equality is implemented but for now, Malaysia tak boleh!
So sad about the fate of Forest City , it's a nice place to live like BGC in Philippines, dont lose hope, economy will boom again in Malaysia,just maintain its beauty that attracts more investors and maybe advertisement and promotions is a good help too
Oh come on BGC is a whole different level. It is a step above most anything in Manila but has lots of shops and restaurants, lots of people visit and is a short drive from Makati. Forest City is far from Johor Central and there really is nothing to see or do there.
No problem at all. So far less than 10 billion was spent. Simply write off this amount. Demolish all the tall buildings and cease any additional expenditure.
I'm a digital nomad and here now staying at the city for an indefinite time. I find if they make it a place for digital nomads it'll be more wonderful. It is that quiet here, that i have 2 huge swimming pools, gym, reading rooms, game rooms, space to chill all to myself during the day. The other people here during the day are maintenance people and gardeners.
There is a lock down in china. Just watch what will happen next year. Forest city is not dead. It is not abandoned like sihanoukville cambodia. It is still well maintained. You can watch vlog by romanians on the road recently.
@@djwiznz very few. You can watch vlogs by "vlogging a dead horse" very recently. Many projects were abandoned there by chinese investors. Forest city is well maintained despite the publicity.
One of the forces to doom the project was Singapore. The optimism of building a city-like neighborhood next to Singapore was to leverage Singapore's fame and financial center status. The original objective was that it would become another Shenzhen as a high-tech hub in Malaysia. Singapore tried all it could to encourage the Chinese government to stop the outflow of foreign currency. Then, it killed the project.
I think it's quite unfair to call it a useless mega project when it was political decisions that killed the project not the potential failure of it on it's own. Had the development proceeded as planned at the start it could have been quite a game changer for Johor. Perhaps not to everyones liking, but certainly not "useless". Because it won't have the planned transportation now and being far from JB and not attracting any residents or money, the place will deteriorate very quickly. I think it's very sad that a project that had progressed that far was killed with the stroke of the pen. What a waste of resources.
Even if it could be successful as a business venture, the structure of the project which is largely owned by China is worrisome. Many such contracts (with China) happened during Najib reign and from other countries dealings with China we can see that China will never be at the losing end of the deal. In the long run this will not bode well for Malaysia, imho.
Why would the Shanghaiese want to stay there without jobs? Long ago, the Singapore government did not plan for foreign workers' accommodation and expected them to live like monkeys on the trees. In this case, there is no planning for the people who moved to Forest City to work so no need to eat, quite ridiculous. Before Covid, I'd see a few Chinese at Bukit Indah Mall, now, I don't see any traces of Chinese citizens in JB.
The reason those places are successful is that there is huge job and business opportunities with strong currency and stable economy. What is there is JB? Just goyang kaki and holiday only.
The Chinese are learning expensive lessons about how to do business in South East Asia. Which countries to trust and which one not to. Consistency and transparency in governmental policies are key.
@@banjoacosta it was during the election that the previous prime minister made a big issue out of the project and restricting foreigners ownership that crashed it. China investors got burned, so yes, Malaysia is poorer by being untrustworthy.
An ambitious project which sadly failed. Hopefully it will be revived . I hate to see it go to waste . So much resources were used and as a human being ,I just feel upset !
I went to this forest city with my family from Singapore. The beach is actually nice. Some of the grass is fake. Supposed to be like a golf course area too. The beach is overlooking Tuas industrial area in Singapore. The condominium buildings were built very tall. Somehow, I don't feel safe if I were to buy a unit to live. I saw some men gathered in groups by the beach with cans of beer at lunch time to drink to drunk ? If they buy to bring out, they will be taxed.
One of their advertising message is its proximity to Singapore. In reality, the immigration policy from Singapore simply shut them out to destroy the competition with just a lift of a finger. Mantap!
How about lowering the prices of housing? This is a perfect example how developers are artificially manipulating the free market. Nornally the developer and its investors would go bankrupt, or the developers should pay penalties for unsold units, and the assets go into the market at lower prices. Why this has not happened is the big question mark.
Mahathir single-handedly destroyed Forest City when he took power in 2018 after the Najib Govt was overthrown. He alone is responsible for all the mess that had happened in Malaysia since. He allowed his vengeful spite (his decades long animosity to the Johor Sultanate) to overcome what was a good thing happening in Malaysia: Forest City, ECRL, High speed rail link to Singapore, Trans-Sabah-Sarawak Pipeline, 1MDB, Malacca Gateway, Bandar Malaysia, etc many approved by the Najib regime. Her could not tolerate that all these projects would be attributed to Najib's vision. So he destroyed them one by one using all sorts of subterfuge. In the case of Forest City, he spooked Malays by saying that 700,000 Chinese are coming from China and being given the right to vote in the next election !! So, no it has nothing to do with Covid 19 or that China barred money outflow by her citizens. It is just plain Mahathir hate
Half units of housebon forest city should sold to local people with cheaper price and build seconds f1 circuit and race at night.then sold another half units with your normal crazy price.around 600k usd.
For cheap, there is RumahWIP and low cost housing. For Forest City, only for hard working, successful people. Dangerous to have randoms (local) staying in 5 star residence.
The only way to revive the place is sell the units at prices that is affordable for the locals. In fact it should be lower price that other development since it’s far away from the city centre. But I don’t think the developer can afford to sell at the price for Malaysians. So it’s doom to fail
People who can only afford a low cost apartment will never afford to pay for the addition costs of maintenance. It already looks old and it will only deteriorate further.
I think whoever invested money in this project would need to write off the losses. No one wants to live in a ghost town. It is secluded, unsafe, and very inconenient to get anywhere. Given another 20 years this development would be taken over by nature and become literally a forest city.
Very interesting and informative facts. Thank you for sharing this and keep on developing your channel. It would be interesting to see your channel grow. Keep it up. BIG like & subbed from me. Best regards from Malaysia. 👍👏
it is not "cannot afford the units" .... ur own point the project is mainly accommodate China's Chinese ... local buyers (malays, chinese, indians and others group) prefer other places that are more convenient in school, businesses and community.... this place is basically on its own and overpriced...Even Singaporeans are not interested
@Infinity . . . foreigner are allow to purchase property in malaysia and it has terms and conditions i.e. price above 1 mil .... they can buy virtually anywhere...these terms exist in most country
@Infinity . . . Yes. Our politicians have strange relationships with SIngapore. Like the crooked bridge issue, the water supply issue, then under recent governments' cancellation of HSR project and liable to pay penalty (as reported), and then sign agreement to revive HSR project again. (Wonder what changes after Nov 19). Singaporean must have no where else to go invest their slush funds other than having to invest in Malaysian real estates !
Honestly, from across the straits, I think it’s a good concept and product offered to clear target buyers but unfortunately, luck is not with Mr Yang. I’m curious to know how much of the US$100b has been spent, capitalised or written off. Has the entire development land for the 300,000 household units been paid for? Imagine the funding costs on the land alone, plus the construction costs committed to and empty units the developer is carrying… Ouch! The only winner out of this debacle is perhaps the Johor State Government, which reclaimed and created the sea land, hence a new source of huge income for itself without losing a single inch of its existing state land. It does not even need to be involved in the land reclamation nor bear any risk of the development!
@bumshell77 It's not the goat 🐐 in the fight; it's the fight in the goat 🐐... So said Messi 😃. It's therefore not the man on the moon; it's the moon 🌒 in the man... Turning into a werewolf 🐺. And it's fun being a werewolf 🐺. Try it.
"It was jointly launched by the government of Malaysia and a developer in China." shows two pasty white college kids from America with some scribbles on a white board behind them*
I wonder who carried out the Cost and Benefit Analysis for this mega project; Was it done by the Federal Govt. the State Govt or by the Developers? A properly done CnB Analysis would have avoided this big blunder.
Tun M's restriction to ownership by China investors put paid to the success of the project. Maybe in years to come it will be lifted and become lively. Being an exclusive project for the well-to-do, they wouldn't want it to become a Torn, Dicky and Hairywitch place 🤣🤣🤣
@@kamaruddin9172 You mention the risks. Whoever own the project that scale should have known that there are risks involved which would have been highlighted by a risk analysis.
Let this be an eye opener for Penang state government fantasising 3-island development south of the island which if implemented will severely affect food security. The present sea front of Gurney Drive (fenced up for sea reclamation) is already an eye sore driving crowds of visitors to the Esplanade. And property market uncertainty continuing into the coming years will render these fantasies untenable.
Forest City and Penang are 2 different situations; Penang has run out of space and needs to create 'land' to accommodate people and traffic. JB (and Melaka) have so much of empty land and doesn't require reclamation!
@@ramakumarnambiar7010 FYI, there are land aplenty in the mainland as far as the eyes can see. But Pg state government doesn't want to develop these land as it wants to make quickie bucks from taxes of land reclamation & property development which command higher value. But one can see many empty properties in George Town crying for tenants or buyers, so what's the hurry to reclaim more land. The supply side doesn't match the government insane objectives. Look at Gurney Drive seaside in a state of out of bound to the public like Guatanamo Bay. The quickie development / sea reclamation was to sync in with the undersea tunnel project (a pet project of Lim Guan Eng at all costs!), which is now in a state of limbo! Who made that quickie decision from the 27th Floor of Komtar Tower??? More state of limbo adhoc development when decision goes awry & no money to continue the quickie projects.
Forest City can still be saved by adding a bullet train link to Singapore.... It's an ideal residential zone filled with many nice things fit for Singaporeans who need more room but require fast travel to the Singapore City because of good paying jobs or income... On the other side....a bullet train from Kuala Lumpur to Forest City can entice Malaysians to move there...maybe even establish corporate headquarters in Forest City....speed of travel and commute will make it "good" 👍. Everything is good especially if bullet trains are used.....
Main cause of it is a person's short-sighted mind. In good business practices, one should not change direction mid way by imposing unreasonable rule. The fact is that if the project is successful, people living there would have to travel around, buying food / daily necessities, go for entertainment, go to schools.... it will definitely good for those shops, small businesses & set ups in close vicinity.
Its not due to poor business decision. The stakeholders in their capacity as businessmen didnt do a 180. The downfall was turbulent politics on both parties (China and Malaysia); and the pandemic drove a stake into it all.
The key to recovery is the new PM and make the project marketable to foreign investors and buyers. The govt must be committed to lure foreign capitalism and sustainable living environment for locals as well
Giving that its location is in the major shipping line and near the city state of Singapore, there's no way Forest City would fail, It will flourish again in the future
@@yosichadutawisnuandika5168 Nope. This is a private project between Chinese Country Garden and Esplanade company. Not a single cent coming from national coffer or tax payer money
Thank You Tun Dr Mahathir. You are always looking into the real homeless needs of the Rakyat. About time that the Royals in Malaysia, move backwards & release.these homes to the State Perumahan. Sell them as Rumah Rakyat, for lst time home owners. God will bless this country when the orphans & poor widows need are met. Irrespective of Race, Religion or social income. Just release them to Perumahan. Millions are on 10 15 years waiting list to have a decent roof over their heads. With Najib & Rosmah out of sight, it's easier for Tun Dr M. to help in this distribution of wealth to the needy homeless families. God bless you Tun Dr M.
i% of population is ultra rich and 10% very rich , and yet developers keep building high cost cities and apartments instead of reasonably priced homes for the lower middle class who make up the bulk of the world's population . This is due to greed hoping fora bigger profit and quick returns , a no no in real estate and housing as we have seen over and again . The real estate bubble is about to burst and it will take everything down when it does .
Doomsday forestcity sceneiro for the following reasons...covid19; war in eukraine/russia; breakup of EU& NATO; US oil embargo. I pray god make forestcity great again.....swamhihi
That is why nomad lifestyle living in a house mobles, campervans and caravans are booming in Malaysia because of housing price are skyrocketing every year and this project is like a tip on ice....
Lol, Johor has at least 60,000 empty properties, if prices are rising I don't understand how. I used to live in an old apartment block near the center and paid Rm1000 more for rent than I pay for a new landed property (13 years later)
Good or bad projects all will end up well. 2026 mrt woodland will reach johore bahru and China will connect them to the rest of johore including forest city. Just like Spore 30yrs ago.
Malaysia's coastline expansion is a reaction to Singapore's land reclamation agenda, as each country is doing it to prevent each other of their marine time domination.
Which is the typical nonsense coming from the Malaysian government. The maritime boundary is not set at the equidistance between the two coasts, so Singapore's land reclamations (which are obviously a necessity compared to this vanity project) did not move the border one bit.
@@huaiwei the Malaysian government sees the Singapore government as nonsensical in the same way as she views Malaysia. It takes two hands to clap. There is no such thing as the sound of one hand clapping. Lol
@@alvinkoh5556 and based on what credentials does the Malaysian government get to see the Singapore government that way, especially when the evidence is clear in the standings of the two countries today? ;) Facts are facts. The land reclamation did not shift the maritime boundaries an inch, and for pretty obvious reasons which are governed by clear international rules and mutual agreements between the governments involved.. Go ahead and find any evidence that this is untrue if you wish. Is there any change in the maritime boundary as a result of land reclamation. And did the Singapore attempt to change the boundary because of it? The Malaysian government did not, and quietly just ignores the issue after a while, as they always do when they know they are just throwing smoke bombs to distract gullible people like you. Pretty amusing to me that Chinese Malaysians actually adopt the same anti-Singapore agenda as your Malay masters, when the later do so precisely because they do not want to give you equal rights. 😏
@@huaiwei what facts? Lol. Politically bias facts you mean? Writing long essay like you did does not make you more right. Rather than to say that I throw smoke-bomb, you might as well admit you are a hardcore apologist of the PAP. Lol And why should anybody take your politically bias info as fact? However, It is OK to support your team, I have no issue with that. For me I side neither, so I am most non bias, unlike you. :D And you are just as gullible too, to have fallen for the propaganda of the PAP. How much they paid you? ;) Whatever you say it is not going to change the reality one bit, that Singapore and Malaysia are nemesis, that each is doing its best to dominate the region. To think otherwise is simply politically juvenile and idealistic. Now, I leave you to do your monologue, or should I say to practice the art of one hand clapping. Lol
@@alvinkoh5556 I have never voted for the PAP before in my life, and I live in opposition territory rather proudly. Pretty presumptuous of you, don't you think? Just like the rest of your posts too. 😄 I already clearly stated the facts. Land reclamation does not shift the international borders which have been agreed upon. Kindly explain how is this statement a "politically biased" statement, or PAP propaganda, unless you think adherence to the rule of law and to international treaties is being politically biased? Seriously...I am talking to a retard or someone who never even passed the SPM? 🤭 "Singapore and Malaysia are nemesis" "each is doing its best to dominate the region" These two statements (both obviously extremely ignorant, mostly untrue, and politically biased), being said by someone who declares himself as "I side neither" "I am most non bias" The irony is killing me. Hahaha! Thank you for the entertainment man. Your inferiority complex (I hope you know what that means) knows no bounds. No wonder Malaysia is what it is like today. Chocked full of mental retards like you. 😏
Buying for investment is a bad idea. 5 minutes away from Singapore? 7 hrs traffic jam. From North to South, you can see forestry everywhere. Yet try to be another forest city . When invest in another country. Always watch out for political stability and racism.
U have a built project drop the rental price get more essentials like supermarkets Dr's offices pharmacies,Theatres bring in people who can start living for at least 2_3 years to start & people will flock.New Railway tracks for a metro to join with Singapore & Thailand.Dont letit to go to waste work with worldwide firms for ideas but plz dont put it to waste ty.
Should just let anyone to buy it. Not just Malaysians. Put international school but don't let foreigners to buy for what? Cut the price in half. Make the loss less scary. Slowly it will get busy. Once demand is there house pricing goes up on its own after that..
Good. Food crisis, energy crisis, volatile international market, climate change, the best econonomic goal should be localised economy. Less transport=less carbon.
This is sacrilege I can’t believe they’ve built this beautiful city and people are wanting to be part of it and the governments can’t get their head around it . Ohh my Lord…. They say if you want something done give it to a busy woman! Find the powers that be in the female arena and it will be fixed….
True that..this happens to ever damn country in this whole wide world bro..and if we might gives us sometimes to check on your country ( admin country) which is known as The United States..you won't believe what you might treasure..
I m sure eventually the project will be successful. Its a 30 yrs project, maybe now delayed to 40 yrs or even 50 yrs. Sure some investors might lose money but thats just normal.
It was reported earlier that the land was claimed from the sea and the construction was built hastily before the soil was solid and firm. So now there a danger of land sinking back to the sea. The FOREST CITY will soon becomes a OCEAN CITY..... Fit for the fishes.
What a waste! There are three options, in order to solve the issue: (a) allow Martians to become the residents of this Ghost-Town, so that it will gradually become a Lively-Town. (b) Relocate the Ghost Town to Mars, if you don't mind. (c) allow Martian invasion of the town, if you don't care.
Wow, a high tech. Atlantis City is in the making sit right next to Singapore....super luxury sky high apartment units that can withstand sea level rises and can grow roots to strengthen its position on sand filled ground is finally here in Malaysia. 🤣😁🤣
Its not the ghost issue The idea is brilliant to develope the Iskandar putri Its now time to continue effort to give light to the city after the passed year of pendamic You group of people just wasting your day time doing blank poliitical complaint like Mahathir
My friend lives in Forest City. She is in one of the towers you showed in the video. Hers is the only occupied unit on that floor. three floors above and four below are totally vacant. Eventhough pets are not allowed, she needs to keep a dog coz the security doors stopped working and weird people come in coz the guards dont give a crap. Also, its haunted.
Tell us more about the haunted stories
@@suneosatellites shadow people. would come into her apt, disturb during sleep (sleep paralysis, throw covers off her) and walk around the hallway (but cctv shows nobody there). with the dog, the occurences were less but when do happen, the dog goes nuts. one of the units above her got poltergeist.
Haunted 😂👻👻👻That's probably why it's called a ghost city🤣
@@leibermuster2399 ooo man. That does sound scary.
希望那只🐕将来不会被遗弃。
The huanting can be a tourist attraction.
For a small channel,your coverage is excellent.👍
Building without thinking , majority Malaysians can't afford to buy one , should have channeled the money in a more meaningful way.
Now become real forest !
If they want it to sell fast, they should lower the price so majority Malaysians can afford it.
A big blow to the arrogant state royalties.
@@noeminoemi1350 Then Forest City will become Kampong Hutan. No more high class.
Real forests are good. Give back to the planet.
Because malaysians are just lazy and now, asking to lower the price or where in the later part, asking for free.. malaysians standard way of thinking.. pea brain
Perfect location for the sequel to the movie 'I Am Legend'!
What do you mean useless project? I mean, they already achieving their dream. With the city abandoned, The forest will eventually grows itself and it will become a "Forest City". 🤣
that's the whole idea. GENIUS.
I've been there in Forest City multiple times as I am working in Malaysia as an expatriate. It is a beautiful place. But the last time I went there, it looks like abandoned, a ghost town and left to rot. What a waste of money, time and effort. It was an unstable politics that mainly the cause of its fall.
the developer paid RM1 billion to the Sultan of Johor.... just to build artificial island for this Forest city. Its not even Malaysian land: from this perspective . a bad omen for the project to fail: Karma
I believe it was constructed with ill intention by the foreign partner to destroy one of the busiest port reputations of Singapore as well as to dump overproduced steel from the country.
we blame perikatan nasional and muhyiddin yassin
Let me give a honest review , if they can marked down the price for such high density condo to monthly rental RM700 per room assuming , all Malaysians who working in Singapore, definitely occupancy for rental will up to 70-80% wont be so dark , and will be better if there is supermarket like Lotus or Vilage Grocer below, this is what developer should do.
This project needed the High Speed Rail to be successful. That project hasn't happened.
IMAGINE living in malaysia.
YIKES !
Tq Celine..i think.thts xclnt idea which can help the local economy n facilitate the residential.needs of young people working in neighbouring Sgpore
maybe developers are chinese don't have much brain 😂
@@xijinpig7978 yeah boring, no night life, no liquor, no pork, no Malaysian girls to entertain 😂 😂😂
This is a classic case study where structured strategic and scenario planning is totally ignored and disregarded for political expediency.
Just keep them in dark because Mahathir didn't get a penny from the project and says "it's only for Chinese from China" so he revoke the project approval from Sultan Johore.
Wait did I say too much about that old macha? Who knows, Macha Green Tea can bring peace AFAIK.
The Forest City Project is doomed to failure from the start. Imagine this, Prices of Forest City Apartments are priced above RM 1,000 which is similar to international enclave of Mont Kiara or Desa Park City which are some of the most prestigious addresses in Kuala Lumpur. Moreover, Johore is located in southmost tip of Kuala Lumpur (KL - Capital City of Malaysia) which is some 500 km away from KL. Also, generally the locals are typically apprehensive of developers from China as local developers generally have a higher level of construction quality than Developers from China. Johore only has a population of 4 mio and Country Gardens is build enough apartments for 700,00. This will cost cause a gross over supply in housing. These apartments are priced way out of the reach of the locals. Johore has a highly transitional population many of which are blue collar workers that comes from other states of Malaysia and travel daily across the Singapore to work daily. As such crime rate is also higher than other Malaysian states. Lastly as someone from this part of the world. When you see a property for sale and that foreigners to eligible to buy. Let that be a stark warning to you. It is usually a trap for you. For starters these properties are usually at least 25-30% overpriced. In my opinion these Forest City apartments are at least 45%-60% overpriced. Do note secondhand properties, particularly those outside the prime districts of KL and Penang have poor investment/resale value as local prefer new properties as it is easier to get full financing and land is plentiful here.
I think the reason the high selling price was due to foreigners minimum purchase price for property.
Dont be surprised.. it's happening every where especially when these kind of business benefited to royal family, politicians and giant corporate!!!!
For example NEOM ?
Thank you Tuanku, and Thank you BN.
People keep talking bout it stupidity till next G...What happen to investor
No lah.
Obviously u are not stay in jb.
Main petik je.
Most property in jb are super expensive. More expensive then KL. Even like horizon hill, ecoworld, guthrie project, do u think its full? Some units sold, but nobody live in it.
And mostly unable to sell or went for auction.
If u dont believe, check i-property. See how many and how much the price.
@@jowo4731
NEOM not even being develop yet.
NEOM can be an example of smart city and zero carbon.
An excellent account of the Forest City.😀Very precarious to depend on just one group or some groups of foreigners as the target clients of a gigantic project like the Forest City, or Dubai's man-made islands.
Hello, you look like my Uncle who recently died from Cancer. :)
@@schadenfreude6274 oh dear. Maybe he is my missing twin brother
Maybe Malaysians and chinese just rename it Ghosts City 😂😂😂
Is actually a failure, big head but small brain to plan it well
It's still very tempting, it's so near Singapore check point, location seem legit. If they close gate and only allow international buyer and not local buyer, it's might be tough for now. I think they need another 20 years to see it's bloom.
They just need to target Singaporean buyers actually. Mahathir knew it was coming and stopped that as he knew most would be Singaporean Chinese buyers whom he has very little love of.
@@windydragon6522 their family wasnt in this scheme, same as jambatan gantung
Princess Cove is far better. A short walk/or drive to the Immigration, right next to the causeway, lots of shops and restaurants near by and much more likely to be maintained as it will have much higher tenancy.
designed as a China enclave in foreign land. That's why local population is quite hostile to this project apart from those who have a direct benefit from it.
I heard that it was project by the Johorean Royals
That's ridiculous. It is NOT designed for a specific nationality or race. It's designed to be sold to get a maximum return on investment. The planner just happens to be less competent in designing an international conplex since all their designers are just using carbon copies of their projects they used in China and failed to hire better international designers.
A complete waste of time. Covid 19 do good on this one.
@@asleepawake3645 it was designed for chinese and other foreign nationals like the Singaporeans to own a holiday home in Johor.
@@ALong-fo5so , that's what I don't understand. The argument does not make economic sense. Havung locals hostile towards thebproject sounds more like propaganda that is rooted in prejudice against foreigners. If that assumption is correct, that would imply that Putrajaya and Nusajaya/Iskandar Puteri's middle-eastern architectural design is made for Arabs and that Saudi "gifts" and investment money is a form of middle eastern colonization into Malaysian enclaves as well. But locals seem fine with that sort of governmental enclave, despite middle eastern architecture being a foreign colonial influence instead of being grown from a pre-colonial local architecture. I think Nusajaya started out pretty empty as well, but its location and landed properties are much more attractive to locals because this is they kind of housing they're used to and it is much closer to JB's city center. Compared to that, forest City seems far away from JB and only offers apartment blocks which provides a lower value proposition than landed property despite its luxury marketing. Politically, it sounds like the appointment of Anwar Ibrahim which heads the ruling party in Johor as opposed to Mahathir, might help with the deadlock. But and the end of the day it sounds more like the main issue is that the developers Forest City has created a luxury enclave that shuns the middle and lower income classes. In short, the problem is the complex did not create spaces for low and middle income customers and became an ivory tower for the wealthy, inviting jealously duento income inequality
I think Tun Mahathir already told this to Johor Sultan. But he said don't interrupt their business.
And tun scrap their train project wakaka
Thanks for the subtitle really help. Remind me of meikarta project in jakarta indonesia, similar fate
It's they own fault. The Chinese developer expect International Residence ignoring the local needs. You get what you ask for. How many foreigner gonna buy this ghost city?
haa...nobody stay...only ghost
@Infinity . . . very true. just want to cancel the development projects initiated by the previous Najib's administration. but Never think about how to provide the solution on how to revive the city or at least try avoid it from becoming a ghost city. so it was a very bad administrative decision by the 22 mths regime back then
Greed never fails to amaze me.
In reality KPRJ controls only 20% of Esplanade Dangga 88. The Sultan of Johor owns 64.4%, the other 15.6% by one of his court advisers. The sultan has a large interest in many of the development projects that had been taking place in Johor.
pemerintah neger tak fikir buat project jangan terlampau mega last last sendu buat ikut keperluan
Yep
Don't worry, the forest will grow itself eventually, people still can live there regardless rich or poor as a playground,you lived the dream, nothing to lose bud..
The people staying have high caution level with the unstable governing officials disregarding previous promises. There is SO MUCH to lose instead of nothing as you mentioned. With a new PM of Malaysia, i hope the country can gain stability over the next 3-5 years then MAYBE expats will re-consider but for the next 2 years, this city is left for nothing but to rot.
very weird ... lesson learnt: you can't build a city based on capitalism. People live and breed in places where they have sense of identity and governance. Every city will need a good mayor to run. Btw, Singapore wasn't built by attracting the rich. The high rise buildings were build to house people from living in slums. It was from very humble beginnings.
We settled our citizens then we attract rich
Yes.im so agree to this! Our ruler is too greedy.im sorry if someone feel offended,but this is exactly what happen.they only though things for the outsiders & greedy to make more money.while if they ever think a little bit for the local business,and open some of the area cheap enough for locals to operate,I'm sure the area won't be totally abandoned.but they have no backup plan when those Chinese citizen cannot buy property there anymore.this what happened.
So basically it all started from China withholding their buyers from completing their purchases. The price is also higher than the average locals' ability to purchase. It's like a resort city. Might as well let the gov or universities open it as homestay or hotel for training hospitality students instead of just letting it rot like that. If the rent is lowered during the beginning and gradually increase after more people start bustling the area then businesses will be able to survive.
These ideas are a drop in the ocean compared to the number of empty units in Forest City. No one is going to let their home be turned into a school anyway.
@@hsiungsan8063 Yes. Understandable. But didn't they say the houses have lost their owners due to the purchases being cancelled? So it's vacant now. Just up to developers to decide whether they want to gain something from it or nothing at all. Making use of property assets are much better than leaving them vacant and broken. Plus, I heard anywhere that have public schools or public universities built there, the place gradually developed and the people start flocking there to do business. Since not much competition there, the sales would definitely go to the first few businesses available. It's a win-win for all. With time, the people living there will form a community and all facilities will eventually be available.
No need we have Edu CIty in Johor for that type of developments and people can get there easily, nobody what's to go all the way to Forest City, it's miles from the city center with minimal access to shops and restaurants.
Excellent idea to make it the ideal filming location for next sequence of Crazy Rich Asians II.
I went to Malaysia 3 weeks ago, I finally realized why it is sooooo BORING and very few tourists goes there! As compared to Thailand, Vietnam, Phillippines. ...1. Malaysia is a Muslim country with 75 percent Muslims. All their women are kept in houses, and all wrapped up. That is why no men, no tourists wants to go there! While Thailand, Phillippines, Vietnam there are soooooo many tourists. The food is delicious and cheap, girls , women all want to be your girlfriends, there are many shopping centers and many DANCE CLUBS. While in Malaysia it is just the opposite. No women wants to be with foreign men, food is just average tasting, there are no dance clubs,. Why would anyone want to visit Malaysia?? I will never go again. I will go to Vietnam and Thailand and Phillippines!!
@@jeffjohnson5053 😂🤣
@@jeffjohnson5053 don't you even knows that Malaysia, as a muslim country, is the most arrogant people.. Those locals actually hated foreigners. Even tourists.. do not buy too much of their products or produce, they will say that you stole them. Just let the people and country rot.. 😁🤣🤣🤣
@@jeffjohnson5053 lmao thats your reason why Malaysia is boring? You haven't visited Iran or North Korea yet 😂
@@araigumakiruno Bottom line, billions travel to Thailand, Vietname, Phillippines. No one wants to travel to Malaysia. You need to ask yourself WHY??
well, only one family heavily benefited and profited from this project. As johorean , u know i know who is this family.....hahaha... $$$$$$$$$$$$$$$$$$$
Betullah tu
Sakau
Mangkuk
rakyat johor pun bisu
?
I had 1 unit apartment at the forest city, its not completely ghost nowdays at the certain places...
Hope this project will flourish in the near future.
How do you mean?
you are probably working in Singapore to have bought a property there is it.
People are slowly moving in, hopefully a lot more in the future.
Malaysia has another ghost town in the city of Malacca - called Arab city.
I went to Malaysia 3 weeks ago, I finally realized why it is sooooo BORING and very few tourists goes there! As compared to Thailand, Vietnam, Phillippines. ...1. Malaysia is a Muslim country with 75 percent Muslims. All their women are kept in houses, and all wrapped up. That is why no men, no tourists wants to go there! While Thailand, Phillippines, Vietnam there are soooooo many tourists. The food is delicious and cheap, girls , women all want to be your girlfriends, there are many shopping centers and many DANCE CLUBS. While in Malaysia it is just the opposite. No women wants to be with foreign men, food is just average tasting, there are no dance clubs,. Why would anyone want to visit Malaysia?? I will never go again. I will go to Vietnam and Thailand and Phillippines!!
@@jeffjohnson5053 I know you come to Asean just want to f*ck some girls. And Malaysian girl are not a whore and cheap that can be rent and f*ck. Go check xhamster, many white man f*ck Thailand, Philippines, Vietnam.
@@jeffjohnson5053 Oh you mean, Malaysian woman did not serve your Lotus Blossom fantasy? 🤣🤣🤣 Oh well..more men than women in Malaysia. Make sense now. We Malaysian woman can pick lovely man just too much competition because foreign woman find Malaysian man romantic. Hrmmm...
@@jeffjohnson5053 Pala buto pak ang
@@jeffjohnson5053 mak kau hijau🤢🤢🤢🤮🤮🤮
Politicians and Royal involved lost 100 billion dollars
Country Garden lost more than local politicians and Sultan of Johor
Lost? More like greatly profited from it.
its because they build for chinese people not local people..
Supposed sell to chinese imported from china not for local
@Infinity . . . Yes Malaysia will go bankrupt soon , 👏👏👏
this is one of the results of not studying the macroenvironment factors in business, especially in ever-changing political factors.
The coverage of Forest City is spot on. Well researched.
Forest city, well it jungle by another name rightful so it a jungle out there.
@@solidcode21 hahaha
@@solidcode21 Luckily there are buyers if not, it will become a forest eventually🤣
They can use the place as a backdrop for a zombie apocalypse movie😆
An estate directly opposite Singapore's heavy industry Jurong and the world's second-largest old refineries! A very high risk of air pollution when the wind is blowing westward and northward!
Very, very informative News from Malaysia. Wish all the best for Malaysias Garden Forest City. 👍
Very excellent Moderator. English was excellent too. More Power. 🌟
Think the targeted customers already wrong in the first place. Middle and upper classes in China can afford to stay in Singapore and has no need to stay in Malaysia 😅
Why stay in a congested and stressful city when you have all the space to yourself here for a fraction of Spore price. The difference in the currency exchange rate is another reason why better than there.
@@kamsunleong6648 LoL you don't understand do you? Middle and upper classes in China doesn't care about the difference in price. They can easily afford the higher standard of living in Singapore. Only those that cannot, will want to stay in Malaysia.
@notticocoboy
Well said indeed
@Notti Mikey Yeah, if I am a tycoon & want to invest in property, I would invest in Singapore. Until & unless corruption is eradicated (which I think is impossible) & racial equality is implemented but for now, Malaysia tak boleh!
@@KeoNz haha, still food from Malaysia. 😌 why dont plant and harvest yourself.
Nice sharing
So sad about the fate of Forest City , it's a nice place to live like BGC in Philippines, dont lose hope, economy will boom again in Malaysia,just maintain its beauty that attracts more investors and maybe advertisement and promotions is a good help too
Tq for your encouragement myfrn. We will rise agn wth our new Prime .inister Satuk Seri Anwar Ibrahim.
😁
Thnks for the kind words n encouragement . May both our nations prosper
The economy will recover one day, but Forest City will be in an advanced state of neglect by then
Oh come on BGC is a whole different level. It is a step above most anything in Manila but has lots of shops and restaurants, lots of people visit and is a short drive from Makati. Forest City is far from Johor Central and there really is nothing to see or do there.
No problem at all. So far less than 10 billion was spent. Simply write off this amount. Demolish all the tall buildings and cease any additional expenditure.
The quick answer is to allow digital nomads in Malaysia and Forest City will thrive.
Yes indeed. There must be a way to revive the mega project into mega success.
I'm a digital nomad and here now staying at the city for an indefinite time. I find if they make it a place for digital nomads it'll be more wonderful. It is that quiet here, that i have 2 huge swimming pools, gym, reading rooms, game rooms, space to chill all to myself during the day. The other people here during the day are maintenance people and gardeners.
There is a lock down in china. Just watch what will happen next year. Forest city is not dead. It is not abandoned like sihanoukville cambodia. It is still well maintained. You can watch vlog by romanians on the road recently.
@@keangwooichoo6138 so Sihanoukville is dead now?. No tourists?.
@@djwiznz very few. You can watch vlogs by "vlogging a dead horse" very recently. Many projects were abandoned there by chinese investors. Forest city is well maintained despite the publicity.
One of the forces to doom the project was Singapore. The optimism of building a city-like neighborhood next to Singapore was to leverage Singapore's fame and financial center status. The original objective was that it would become another Shenzhen as a high-tech hub in Malaysia. Singapore tried all it could to encourage the Chinese government to stop the outflow of foreign currency. Then, it killed the project.
I'll subscribe for your hardwork
I think it's quite unfair to call it a useless mega project when it was political decisions that killed the project not the potential failure of it on it's own. Had the development proceeded as planned at the start it could have been quite a game changer for Johor. Perhaps not to everyones liking, but certainly not "useless".
Because it won't have the planned transportation now and being far from JB and not attracting any residents or money, the place will deteriorate very quickly.
I think it's very sad that a project that had progressed that far was killed with the stroke of the pen. What a waste of resources.
Even if it could be successful as a business venture, the structure of the project which is largely owned by China is worrisome. Many such contracts (with China) happened during Najib reign and from other countries dealings with China we can see that China will never be at the losing end of the deal. In the long run this will not bode well for Malaysia, imho.
Why would the Shanghaiese want to stay there without jobs? Long ago, the Singapore government did not plan for foreign workers' accommodation and expected them to live like monkeys on the trees. In this case, there is no planning for the people who moved to Forest City to work so no need to eat, quite ridiculous. Before Covid, I'd see a few Chinese at Bukit Indah Mall, now, I don't see any traces of Chinese citizens in JB.
If you live in congested Singapore or worse in tiny pigeon holes they call homes in Hong Kong, you would love to live here.
Spot On !!!
MALUsia always use SGP as a "Punching Bag"
These people are just jealous of Singapore. They wanted to, but can't afford.
The reason those places are successful is that there is huge job and business opportunities with strong currency and stable economy. What is there is JB? Just goyang kaki and holiday only.
@@thomastay1638 F U n ur family
Typical Malaysia butthurt Neanderthal. All the talents have left Malaysia
The Chinese are learning expensive lessons about how to do business in South East Asia. Which countries to trust and which one not to. Consistency and transparency in governmental policies are key.
Huh? Its the otherway around. South east asia ahould know better when dealing with the chinese. Didnt you watch the video?
"Consistency and transparency in governmental policies are key." - You've got it wrong - That's China!
@@banjoacosta it was during the election that the previous prime minister made a big issue out of the project and restricting foreigners ownership that crashed it. China investors got burned, so yes, Malaysia is poorer by being untrustworthy.
It’s Beautiful I like the place 👍👍👍🥰 watching from Hong Kong 🇭🇰
An ambitious project which sadly failed. Hopefully it will be revived . I hate to see it go to waste . So much resources were used and as a human being ,I just feel upset !
I went to this forest city with my family from Singapore.
The beach is actually nice. Some of the grass is fake. Supposed to be like a golf course area too.
The beach is overlooking Tuas industrial area in Singapore.
The condominium buildings were built very tall. Somehow, I don't feel safe if I were to buy a unit to live.
I saw some men gathered in groups by the beach with cans of beer at lunch time to drink to drunk ? If they buy to bring out, they will be taxed.
With such tall buildings wonder is the fire department prepared for any fire that happen and will the insurance companies will to cover?
@@leonardtan4601
I hope the condominium is insurance covered!!! Talk about safety.
That fake beach is anything but nice!
And yet there are homeless people squatting in and around land without basis amenities
One of their advertising message is its proximity to Singapore. In reality, the immigration policy from Singapore simply shut them out to destroy the competition with just a lift of a finger. Mantap!
How about lowering the prices of housing? This is a perfect example how developers are artificially manipulating the free market. Nornally the developer and its investors would go bankrupt, or the developers should pay penalties for unsold units, and the assets go into the market at lower prices. Why this has not happened is the big question mark.
At least it has buildings. In Lippo group Meikarta Indonesia, they only took the money, no apartments.
'If you build it they will come'
'Why have they not come?'
Mahathir single-handedly destroyed Forest City when he took power in 2018 after the Najib Govt was overthrown. He alone is responsible for all the mess that had happened in Malaysia since. He allowed his vengeful spite (his decades long animosity to the Johor Sultanate) to overcome what was a good thing happening in Malaysia: Forest City, ECRL, High speed rail link to Singapore, Trans-Sabah-Sarawak Pipeline, 1MDB, Malacca Gateway, Bandar Malaysia, etc many approved by the Najib regime. Her could not tolerate that all these projects would be attributed to Najib's vision. So he destroyed them one by one using all sorts of subterfuge. In the case of Forest City, he spooked Malays by saying that 700,000 Chinese are coming from China and being given the right to vote in the next election !! So, no it has nothing to do with Covid 19 or that China barred money outflow by her citizens. It is just plain Mahathir hate
Half units of housebon forest city should sold to local people with cheaper price and build seconds f1 circuit and race at night.then sold another half units with your normal crazy price.around 600k usd.
For cheap, there is RumahWIP and low cost housing. For Forest City, only for hard working, successful people. Dangerous to have randoms (local) staying in 5 star residence.
@@jacko9294 you must be kidding right. No one wants to stay in forest city now that it is a failed and abandoned development.
Very good briefing and explanation
The only way to revive the place is sell the units at prices that is affordable for the locals. In fact it should be lower price that other development since it’s far away from the city centre. But I don’t think the developer can afford to sell at the price for Malaysians. So it’s doom to fail
People who can only afford a low cost apartment will never afford to pay for the addition costs of maintenance. It already looks old and it will only deteriorate further.
I think whoever invested money in this project would need to write off the losses. No one wants to live in a ghost town. It is secluded, unsafe, and very inconenient to get anywhere. Given another 20 years this development would be taken over by nature and become literally a forest city.
Hello 😍👋
So it was basically ruined by Malaysian's prata politics and China's sudden tighening policy on cash flow.
No, it was never going to succeed.
Very interesting and informative facts. Thank you for sharing this and keep on developing your channel. It would be interesting to see your channel grow. Keep it up. BIG like & subbed from me. Best regards from Malaysia. 👍👏
Ill got ill spent. Anyway thanks for your excellent coverage.
it is not "cannot afford the units" .... ur own point the project is mainly accommodate China's Chinese ... local buyers (malays, chinese, indians and others group) prefer other places that are more convenient in school, businesses and community.... this place is basically on its own and overpriced...Even Singaporeans are not interested
@Infinity . . . foreigner are allow to purchase property in malaysia and it has terms and conditions i.e. price above 1 mil .... they can buy virtually anywhere...these terms exist in most country
@Infinity . . . Yes. Our politicians have strange relationships with SIngapore. Like the crooked bridge issue, the water supply issue, then under recent governments' cancellation of HSR project and liable to pay penalty (as reported), and then sign agreement to revive HSR project again. (Wonder what changes after Nov 19). Singaporean must have no where else to go invest their slush funds other than having to invest in Malaysian real estates !
Honestly, from across the straits, I think it’s a good concept and product offered to clear target buyers but unfortunately, luck is not with Mr Yang. I’m curious to know how much of the US$100b has been spent, capitalised or written off. Has the entire development land for the 300,000 household units been paid for? Imagine the funding costs on the land alone, plus the construction costs committed to and empty units the developer is carrying… Ouch! The only winner out of this debacle is perhaps the Johor State Government, which reclaimed and created the sea land, hence a new source of huge income for itself without losing a single inch of its existing state land. It does not even need to be involved in the land reclamation nor bear any risk of the development!
They want foreigners to buy but dont allow them to stay ...haha!
Yes, when the owner dies, his wife's MMSH documents become illegal and she has to leave Malaysia!
Exactly. I went there once and it felt like I was on the Moon.
I'd love to be on the moon. Quiet and peaceful 😀. I'd love to live there but for financial constraints. 😁
@@cb250nighthawk3 😂have u been to the moon ?
@@Dollarshop
Does it matter?
@bumshell77
It's not the goat 🐐 in the fight; it's the fight in the goat 🐐... So said Messi 😃.
It's therefore not the man on the moon; it's the moon 🌒 in the man... Turning into a werewolf 🐺. And it's fun being a werewolf 🐺. Try it.
"It was jointly launched by the government of Malaysia and a developer in China."
shows two pasty white college kids from America with some scribbles on a white board behind them*
disebabkan banyak pokok2 dekat bangunan, mmg kena maintain dengan kerap dan tak boleh miss....
为什么不建造輕快铁，衔接新山火车总站到此，把途经的几个商场和住宅区連成一线，再把该区建成可停靠国际游輪的南方大港口，肯定改头换面，希望安华的上台，能和苏丹好好从長计划，带旺整个柔佛州，什至大馬！
I wonder who carried out the Cost and Benefit Analysis for this mega project; Was it done by the Federal Govt. the State Govt or by the Developers? A properly done CnB Analysis would have avoided this big blunder.
'Elite' project
Tun M's restriction to ownership by China investors put paid to the success of the project. Maybe in years to come it will be lifted and become lively. Being an exclusive project for the well-to-do, they wouldn't want it to become a Torn, Dicky and Hairywitch place 🤣🤣🤣
It a private owned project, not govt, Tun M put a restriction on ownership then come China capital control, then come covid19...
@@kamaruddin9172 You mention the risks. Whoever own the project that scale should have known that there are risks involved which would have been highlighted by a risk analysis.
Let this be an eye opener for Penang state government fantasising 3-island development south of the island which if implemented will severely affect food security. The present sea front of Gurney Drive (fenced up for sea reclamation) is already an eye sore driving crowds of visitors to the Esplanade. And property market uncertainty continuing into the coming years will render these fantasies untenable.
Forest City and Penang are 2 different situations; Penang has run out of space and needs to create 'land' to accommodate people and traffic. JB (and Melaka) have so much of empty land and doesn't require reclamation!
@@ramakumarnambiar7010 FYI, there are land aplenty in the mainland as far as the eyes can see. But Pg state government doesn't want to develop these land as it wants to make quickie bucks from taxes of land reclamation & property development which command higher value. But one can see many empty properties in George Town crying for tenants or buyers, so what's the hurry to reclaim more land. The supply side doesn't match the government insane objectives.
Look at Gurney Drive seaside in a state of out of bound to the public like Guatanamo Bay. The quickie development / sea reclamation was to sync in with the undersea tunnel project (a pet project of Lim Guan Eng at all costs!), which is now in a state of limbo! Who made that quickie decision from the 27th Floor of Komtar Tower???
More state of limbo adhoc development when decision goes awry & no money to continue the quickie projects.
@@davidchang7500 Muyidin to the rescue. In ur dreams. Kekeke.
@@hojinxsg5489 Kekeke like Amazon Parrot? No wonder Singapore loves parrots in everything to parrot about!!!!!!!
True & totally agree with you
Served them right! Greed and lust will not be blessed..thanks God.
Forest City can still be saved by adding a bullet train link to Singapore.... It's an ideal residential zone filled with many nice things fit for Singaporeans who need more room but require fast travel to the Singapore City because of good paying jobs or income...
On the other side....a bullet train from Kuala Lumpur to Forest City can entice Malaysians to move there...maybe even establish corporate headquarters in Forest City....speed of travel and commute will make it "good" 👍. Everything is good especially if bullet trains are used.....
It's the foreign and immigration policies. Not just infrastructure that brings people in.
Agreed. Very ideal and advance planning for the future Malaysia
Yes, absolutely, but why should Malaysians pay 100 Billion for something to benefit Singapore?
Fast train is great, unfortunately standing for hours in the slow immigration queues of Singapore negates all that benefit.
Main cause of it is a person's short-sighted mind. In good business practices, one should not change direction mid way by imposing unreasonable rule.
The fact is that if the project is successful, people living there would have to travel around, buying food / daily necessities, go for entertainment, go to schools.... it will definitely good for those shops, small businesses & set ups in close vicinity.
That old fox don't give a shit since he has no share of it. Unfortunately the Sultan seems powerless against the fox's manipulation to its demise.
Its not due to poor business decision. The stakeholders in their capacity as businessmen didnt do a 180. The downfall was turbulent politics on both parties (China and Malaysia); and the pandemic drove a stake into it all.
This will be the perfect cite for apocaliptic type movies.
Commission was main objective of the project between the royals and the politicians in Malaysia. Now 100 billions wasted on useless project.
The key to recovery is the new PM and make the project marketable to foreign investors and buyers. The govt must be committed to lure foreign capitalism and sustainable living environment for locals as well
Giving that its location is in the major shipping line and near the city state of Singapore, there's no way Forest City would fail, It will flourish again in the future
In 1000 years..
It is a long term project. Too early to call it useless.
I admit that Malaysia is quite wealthy, spending over $100 billion building cities for ghosts to live in.
@@yosichadutawisnuandika5168 Nope. This is a private project between Chinese Country Garden and Esplanade company. Not a single cent coming from national coffer or tax payer money
I like your positive thinking. I too would like to see this project heading towards huge success!
who was the Menteri Besar at thst time?
Thank You Tun Dr Mahathir. You are always looking into the real homeless needs of the Rakyat. About time that the Royals in Malaysia, move backwards & release.these homes to the State Perumahan. Sell them as Rumah Rakyat, for lst time home owners. God will bless this country when the orphans & poor widows need are met. Irrespective of Race, Religion or social income. Just release them to Perumahan. Millions are on 10 15 years waiting list to have a decent roof over their heads. With Najib & Rosmah out of sight, it's easier for Tun Dr M. to help in this distribution of wealth to the needy homeless families. God bless you Tun Dr M.
i% of population is ultra rich and 10% very rich , and yet developers keep building high cost cities and apartments instead of reasonably priced homes for the lower middle class who make up the bulk of the world's population .
This is due to greed hoping fora bigger profit and quick returns , a no no in real estate and housing as we have seen over and again .
The real estate bubble is about to burst and it will take everything down when it does .
Maybe the design is to become a forest by itself. So its not wasted after all.
Doomsday forestcity sceneiro for the following reasons...covid19; war in eukraine/russia; breakup of EU& NATO; US oil embargo. I pray god make forestcity great again.....swamhihi
The project still got many potential. So, no need to exaggerated it too much.
That is why nomad lifestyle living in a house mobles, campervans and caravans are booming in Malaysia because of housing price are skyrocketing every year and this project is like a tip on ice....
Love that life style. I was under the impression that it is a western trend .
Lol, Johor has at least 60,000 empty properties, if prices are rising I don't understand how. I used to live in an old apartment block near the center and paid Rm1000 more for rent than I pay for a new landed property (13 years later)
A city meant for 700,000 residents now with less than 500.
Good or bad projects all will end up well. 2026 mrt woodland will reach johore bahru and China will connect them to the rest of johore including forest city. Just like Spore 30yrs ago.
Malaysia's coastline expansion is a reaction to Singapore's land reclamation agenda, as each country is doing it to prevent each other of their marine time domination.
Which is the typical nonsense coming from the Malaysian government. The maritime boundary is not set at the equidistance between the two coasts, so Singapore's land reclamations (which are obviously a necessity compared to this vanity project) did not move the border one bit.
@@huaiwei the Malaysian government sees the Singapore government as nonsensical in the same way as she views Malaysia. It takes two hands to clap. There is no such thing as the sound of one hand clapping. Lol
@@alvinkoh5556 and based on what credentials does the Malaysian government get to see the Singapore government that way, especially when the evidence is clear in the standings of the two countries today? ;)
Facts are facts. The land reclamation did not shift the maritime boundaries an inch, and for pretty obvious reasons which are governed by clear international rules and mutual agreements between the governments involved.. Go ahead and find any evidence that this is untrue if you wish. Is there any change in the maritime boundary as a result of land reclamation. And did the Singapore attempt to change the boundary because of it?
The Malaysian government did not, and quietly just ignores the issue after a while, as they always do when they know they are just throwing smoke bombs to distract gullible people like you.
Pretty amusing to me that Chinese Malaysians actually adopt the same anti-Singapore agenda as your Malay masters, when the later do so precisely because they do not want to give you equal rights. 😏
@@huaiwei what facts? Lol. Politically bias facts you mean? Writing long essay like you did does not make you more right. Rather than to say that I throw smoke-bomb, you might as well admit you are a hardcore apologist of the PAP. Lol
And why should anybody take your politically bias info as fact? However, It is OK to support your team, I have no issue with that. For me I side neither, so I am most non bias, unlike you. :D
And you are just as gullible too, to have fallen for the propaganda of the PAP. How much they paid you? ;)
Whatever you say it is not going to change the reality one bit, that Singapore and Malaysia are nemesis, that each is doing its best to dominate the region. To think otherwise is simply politically juvenile and idealistic. Now, I leave you to do your monologue, or should I say to practice the art of one hand clapping. Lol
@@alvinkoh5556 I have never voted for the PAP before in my life, and I live in opposition territory rather proudly. Pretty presumptuous of you, don't you think? Just like the rest of your posts too. 😄
I already clearly stated the facts. Land reclamation does not shift the international borders which have been agreed upon. Kindly explain how is this statement a "politically biased" statement, or PAP propaganda, unless you think adherence to the rule of law and to international treaties is being politically biased? Seriously...I am talking to a retard or someone who never even passed the SPM? 🤭
"Singapore and Malaysia are nemesis"
"each is doing its best to dominate the region"
These two statements (both obviously extremely ignorant, mostly untrue, and politically biased), being said by someone who declares himself as
"I side neither"
"I am most non bias"
The irony is killing me. Hahaha!
Thank you for the entertainment man. Your inferiority complex (I hope you know what that means) knows no bounds. No wonder Malaysia is what it is like today. Chocked full of mental retards like you. 😏
Buying for investment is a bad idea. 5 minutes away from Singapore? 7 hrs traffic jam. From North to South, you can see forestry everywhere. Yet try to be another forest city . When invest in another country. Always watch out for political stability and racism.
U have a built project drop the rental price get more essentials like supermarkets Dr's offices pharmacies,Theatres bring in people who can start living for at least 2_3 years to start & people will flock.New Railway tracks for a metro to join with Singapore & Thailand.Dont letit to go to waste work with worldwide firms for ideas but plz dont put it to waste ty.
The prc cannot come out, how to occupy the house they purchased?
Should just let anyone to buy it. Not just Malaysians. Put international school but don't let foreigners to buy for what? Cut the price in half. Make the loss less scary. Slowly it will get busy. Once demand is there house pricing goes up on its own after that..
Good. Food crisis, energy crisis, volatile international market, climate change, the best econonomic goal should be localised economy. Less transport=less carbon.
This is sacrilege I can’t believe they’ve built this beautiful city and people are wanting to be part of it and the governments can’t get their head around it . Ohh my Lord…. They say if you want something done give it to a busy woman! Find the powers that be in the female arena and it will be fixed….
the great concept of smart eco city
True that..this happens to ever damn country in this whole wide world bro..and if we might gives us sometimes to check on your country ( admin country) which is known as The United States..you won't believe what you might treasure..
I m sure eventually the project will be successful. Its a 30 yrs project, maybe now delayed to 40 yrs or even 50 yrs. Sure some investors might lose money but thats just normal.
I'm very sure this will be the new Singapore in 2200
It was reported earlier that the land was claimed from the sea and the construction was built hastily before the soil was solid and firm. So now there a danger of land sinking back to the sea. The FOREST CITY will soon becomes a OCEAN CITY.....
Fit for the fishes.
@@shaneliew60 They tried to learn from Singapore how to fart, but instead only shit came out....2200? Maybe mankind living in outer space already.
Wait for 30-40 years, the current buildings will get rotten
@@abdulmuieneini184 I know. Maybe I can't wait that long.
What a waste! There are three options, in order to solve the issue:
(a) allow Martians to become the residents of this Ghost-Town, so that it will gradually become a Lively-Town.
(b) Relocate the Ghost Town to Mars, if you don't mind.
(c) allow Martian invasion of the town, if you don't care.
I love you for this video. 🇵🇭
Wow, a high tech. Atlantis City is in the making sit right next to Singapore....super luxury sky high apartment units that can withstand sea level rises and can grow roots to strengthen its position on sand filled ground is finally here in Malaysia. 🤣😁🤣
😎🤭
Its not the ghost issue
The idea is brilliant to develope the Iskandar putri
Its now time to continue effort to give light to the city after the passed year of pendamic
You group of people just wasting your day time doing blank poliitical complaint like Mahathir
A,unique landmark in Malaysia!
Btw, we are building another city called bandar malaysia. Partially financed by china as well.