Forest City now stands as a symbol of overreach and economic miscalculation. Created by Country Garden during China’s real estate boom, the project targeted Chinese investors priced out of their ...

SITUATION IN CHINA & FUTURE PLANS The situation in Forest City is not very different from that of other similar so-called “ghost towns” in China, demand for which was greatly overestimated.

And the crisis in the property sector in China is being felt beyond the country’s borders. In 2016, Country Garden unveiled a $100 billion project in Malaysia called Forest City. It was supposed ...

At a distance, Forest City’s rows of high-rises tower over the Johor Strait between Singapore and Malaysia like a monument to China’s economic triumphs. Up close, the streets are quiet ...

Forest ranger Cao Haihong checks an Amur Cork-tree, a second-class protected plant in China, at Baimaogou Forest Farm in ...

Launched under China’s Belt and Road Initiative with a company partly owned by Johor’s sultan, Forest City houses around 9,000 people, way below its 700,000 target. Construction workers chip ...

A major reason could be that out of the 26,000 units handed over to buyers, 70 per cent of them were from China. During ST’s visit to Forest City, two home owners – Ms Feng Ying Zhao and Ms ...