China's Forest City: Mystery behind the 'Ghost TownFriday 26 Jan 2024
China's Country Garden's creation of the "Forest City" in Malaysia raises questions about the ambitious project's purpose and the impact of China's property crisis beyond its borders. Turning Forest City to Ghost City Country Garden unveiled Forest City in 2016 as a $100 billion mega-project under the Belt and Road Initiative. This plan aimed to construct an eco-friendly metropolis complete with a golf course, water park, offices, bars, and restaurants, to accommodate about one million people. However, eight years later, Forest City serves as a stark reminder that the repercussions of China's property crisis extend beyond its borders. Interesting Engineering revealed that only 15% of the massive project has been completed, with occupancy levels just over a meagre 1%. Former resident Nazmi Hanafiah, an IT engineer, now describes the once-promising venture as a desolate "ghost town." The feelings of desolation and the urgent need to escape were evident in his decision to disregard his deposit and financial concerns. Forest City, characterised by its unsettling ambiance, remote location, and lack of amenities, has earned the local nickname "Ghost City." The vacant beaches, closed shops, and abandoned construction sites all contribute to a haunting and isolated landscape. What Happened? Conceived as an idyllic haven for the burgeoning Chinese middle class, Forest City aimed to entice them with the prospect of a second home overseas, whether as a vacation retreat or an investment property available for rent. Yet, the project has grappled with formidable challenges. Recent reports from the South China Morning Post painted a gloomy picture, revealing that only a sparse number of lights illuminate the project's extensive array of high-rise towers by evening. The desolation is further emphasised by closed shops adorned with notices demanding overdue payments, providing an uninviting view into their neglected interiors. This grim scene deters even the most adventurous souls seeking a place in the labelled "Ghost City." More >> Source: techtimes | ||
Copyright 2004-2024 © Innovatek Ltd. All rights reserved. |
