Keen to own a luxurious 1-bedroom apartment at Fourth Avenue Residences in Singapore's prestigious Bukit Timah District? With direct access to Sixth Avenue MRT and within 1km of Raffles Girls' Primary School, this is an opportunity not to be missed. Contact owner at morriestory@gmail.com today. Can Malaysia turn Forest City into the next Southeast Asia financial hub? Let us know in the comments below! If you enjoyed this video, do like, subscribe and buy us a coffee: bmc.link/worldknowmore Check out this video on Malaysia's epic loss of talent to Singapore: th-cam.com/video/m-NiSCWd65g/w-d-xo.htmlsi=X2DwlPOHQ9SXaUCA
Connect singapore and forest city with a bridge and borderless passage and see the region thrive. Immigration controls are destroying the economy and causing massive pollution due to congestion.
Impossible to turn new Project as similar to Spore.Spore is City state built by Stanford Raffles since 1819.as proverd as said Rome is not built in a day Seemly Msia looking inferior But actually Malaysian Sarawak Iban in interior is Richest.waiting the next 20year 200 3:42 20
*Politicians that base their whole policies onto appealing to the Muslims, which are only 60% of the countries population and pay less than 10% of the taxes.
Yup.. now they hv moved to get land and build their second country in Indonesia.. under the name of 'infrastructure' they kicked out local people there.
Mahathir is like Malaysian Father, because he is the only political figure who genuinely care about the citizen every Malaysian trust him rather than with messy backyard banging foreign model. What I'm try to say is, Malaysian should trust Mahathir sources of information for him to make that statement.
Because tuanku doesn't want to kacau Tanah Melayu in mainland Malaysia. That is why building an artificial island for foreign mass investment hopefully it could drive economic growth for Malaysia as well.
A few tips you have understand before investing. City center condo or not. They will promises everything in their agreement. Free gym, 2 free parking, swimming pools and 20 year contract to rent from owner. Once 90% of the condos are sold. They change management. Ditching all promises made through legal agreement. End up to be charged for all that used to be free. Not only we lost for paying the 5 year loan. They only rented for 4 years. The water charge rates are horribly high. All repair cost are at almost 10x the normal rates as we are not allowed to hire contractors which are not under their management. We tried to sell. But the management has the right to disapprove who we sell it to. So due to the increasing monthly charges, we sold it back to the management at below market value. And 3 of my friends has the same fate at different condos. Malaysian or not if you dont have the backup plan. They can sue you for more profit as the lawyers we hired are also "related" under their company.
A competent, clean government will take no part in a private company project or foreigner owned developed property, unfortunately , it is not this case here due to vast Royalty interests involved.Secondly, we still don't have a clean competent government even after 2018 historic unseat of BN government.
Without govt help , the forest city will be a real failure and sour point forever. There is merit to do this as it actually can make the area into a vibrant productive areas being close to Singapore and to the coming major Port in Malacca developed by China . This would bring jobs to the area. There will be lots of Chinese and Singapore companies will be investing etc.
Not really true. The project was already existed even before the Madani govt. So Madani govt has no part in it. Yes, by revitalising it , is just like rescuing those many abandoned project. It is a good project . Only thing is it needs certain advantages and that advantages are what the Madani provided to revive the project. It is better to make it profitable, collect taxes and complements the Malacca big port project and provide JB more residential and commercial units now idle to accommodate the influx of many Singaporeans and Malaysians with the opening of the RTS link between Singapor/Malaysia. Know the economics. The govt is doing the right thing Your narrative is wrong and
The only thing successful about investing in Forrest City is that you’d get to see success across the border in Singapore from the comfort of your balcony, and that’s the only success you’ll see. But, at least you get to breathe in the vapours of success coming originating from Singapore.
They sold a concept but never attracted me at all. 15 years ago I moved to Sydney Australia, I sold off everything and bought up properties in Sydney. Today it has gone up 3 fold. The moral of the story, you cannot rely on a government that rule the country by race and religion. There cannot be any progress. Forest City, I choked.
Sigh... The problem with Forest City, or any other mega-projects, failed because of the inability of the government to realize that their people are nit able to afford to buy or spend in these places. A nation must have the critical consumer population to even go ahead with projects like these. Don't put the cart in front of the horse.
@@mayfoo02 Even so, such a big project will fail because there are not enough consumers to buy such high price properties. If they have started small and expand later when the properties are majority occupied, then, build on another stage, it may succeed.
that is why government housing policy should lead to the houses needed by the rakyat not foreigners. we should go back to 40% low cost 40% mid cost and 20% luxury homes.
@@mishahul Totally agree 💯. Singapore will be part of that Private Entity trying to make it happen. A Financial Hub which will rival Singapore Financial Status??? Lets see if it works. They need Land...They are Out of It after A Ban on Sand to Singapore was in place recently...allegedly for Reclaimation Projects which changes the sea current leading up to disastrous consequences after the recent oil spill. Losing Their Curve is detrimental to the Marine Ecosystem n clean up effort or the natural occurrence into the deep sea away from human habitats. Turning it into A Casino was Singapore first initiative yet it will be in direct competition to MBS n Sentosa. JB has never seen itself as Malaysia. Always trying TO BE SINGAPORE. Maybe Singapore will take over that Ghost City for good n The JB Palace could recoup their 100billion losses. If only the Developer n Investors had the foresight to use the area n build An Intergrated Playground combining... Public Housing Landed...Condos...Retirement Oasis n A Waterfront Luxury Living for Foreigners 2nd Home. Alas Creativity n Long Term Planning not A Thing with Greedy Investors. It will give Malaysians working in Singapore...A Home or even Rental Units for singles. Lost Opportunity. WASTAGE with Mega Projects is A Huge Issue in Malaysia.
pls learn basic demand and supply first before you mass produce so many units. Rome isn't build on one day. No city was built from 'mega-project' and then expect all humans to live in it. obviously built by those who overly day-dream.
Malaysia should have thought carefully before building the mega city. Where to get so many people to live and *work* in Forest City. At least a million people. They people have to be of a certain standard. (Sorry, I am not looking down on the poor.) Definitely must have foreigners, as 100% local population, the project will not work. How to plan that, what sort of quota. What employment opportunities for foreigners and locals can be created there be. A financial hub cannot spring up overnight. It has to be build up. Infrastructure together with the professional manpower. Forest City should have started out small, and then expand over the years. What Anwar can do now, is open up the FC in stages. Maybe one island at a time.
'High risk', 'Bold' multi Billion Plan built on the shoulder of ordinary people purse string or our nation's vast resources is always part of Malaysia Government Policy since Independence.If it is successful, Malay Monarch and Chinese corporation reap the gains, if not, Malaysians pay the losses.
Malaysians developers love to talk big, talk bigger , and talk the biggest for all the world to know that we have bigger mouths that sound the goodest . !!!!!!
It would become a joint JB-Singapore Special Economic Zone. The HSR from Kunming connects Laos, Cambodia, Thailand, Malaysia, and Singapore will be built after the former PM of Malaysia canceled it. Furthermore, the Singapore to JB MRT will enhance transportation from the Rain Forest location. Except for one of the 8 apartments completed recently, the rest were occupied.
kami rakyat 🇲🇾 cukup bertuah mempunyai salah 1 perdana menteri all the best sepanjang kemerdekaan kami..jika kamu menyatakan kehilangan kami projek2 mega berbillion dollar atau apa sekalipun jika ia tidak menguntungkannya kepada masyarakat bawahan terutama sekali kepada warga & rakyatnya???itu lebih baik kami kehilangannya..kerana hari ini saya cukup berkeyakinan kepada pemimpin kami yang lebih mementingkan dahulu keselesaan rakyat serta kehidupan asasi rakyatnya yang diutamakan..jika projek2 mega ini yang kebiasaannya lebih menguntungkan kepada org2 luar daripada penghuni warga negaranya..ofcorse lebih baik ia tidak berjaya seperti apa yang diharapkan..apa yang penting sesuai dengan keperluan warganya diutamakan itu yang dipandang oleh kepimpinan kami pada hari ini..ianya cukup membahagiakan bagi kami sebagai warga negaranya..biarlah kami maju sealiran hasrat rakyatnya yang tidak banyak yang ketertinggalan..bukan untuk mengisi kantong2 orang luar dipikirkan tetapi rakyatnya diutamakan..welldone my presiden DATUK SERI PADUKA DI-RAJA DATUK ANWAR IBRAHIM..1990an saya menikmati pembelajaran kami ketika itu dia sebagai menjawat jawatan menteri pendidikan yang terbaik di negara kami malah diasia tenggara..& hari ini sesuailah beliau menjadi prime minester kami semoga kesejahteraan negara kami semakin baik bukanlah untuk didunia bukanlah untuk kami bermegah megah seperti negara2 lain tetapi apa yang penting sekali adalah kami rakyatnya yang ekonominya lebih baik dari sebelumnya..itu yang lebih penting bagi kami bukan untuk siapa2 bagi pihak asing..sejahtera negara berdaulat kami itu yang sentiasa kami doakan selalu..semoga orang luar dapat lebih memahaminya..lawan tetap lawan..
Build some kind of border crossing to Singapore, and buyers will flood in. Rail, ferry, or pedestrian will work as long as there is a connection to the MRT in Singapore
And connected to the Singapore’s port and heavy industries area, which is situated right beside. Together with hordes of labourers and workers staying close together. Don’t think this environment would be attractive to the supposed target group, ‘the rich and wealthy’.
Malaysia is not Singapore. They will spend 10 years talking about it. 5 years hyping it up. Then abandon it because someone got elected prime minister. Then they will pay Singapore compensation for wasting our time.
Very poor location. It’s just beside Singapore’s port and heavy industries. Imagine the environment the supposed target group, the wealthy people, have to put up with. And staying among labourers and workers.
Only those with good hard cold cash and young with open mindset will fall for it. The name clearly stated Forest City. It is two different entity and human will be like a sandwich living there.
I was heavily into MY RE when this was happening. The big developers all knew this was a corrupt development with the idea of making it a Chinese beachhead - where Chinese could come and stay as long as they wanted, work, launder money, etc. All told me to avoid Eskandar like the plauge. I sold everything I had in Malaysia as it was clear the "Chinese boom" would not be allowed to last as it was just too much currency leaving China. The MYR was at 3.0 USD and property prices doubled in Penang in 4 years as Chinese money flowed in. The last 3 properties I sold went to mainland buyers looking to park cash. They came and looked at a property for 3 or 4 minutes and made an offer on the spot. And then left the properties empty for 5 years even though they were fully furnished and ready to be rented. I can now buy the same properties back for less (in USD terms) 10 years later. Country Gardens is worth about USD40 per square meter at best. There were developments on Penang Island that were that price back in 2006. I paid $USD 62 psf for Miami Green in Penang back in 2006 to 2009 - a very nice and stable development.
When it does succeed..Greedy selfish politicians will crash in and mess it up..Only wise rakyat/citizens must vote in an uncorrupted PM can we continue to progress otherwise will regress a deep fall..Pray for a harmonious & progressive Malaysia🙏❤🙏
I stayed in one of the houses. A RM2 mollion home. It's haunted. I lost 4 solitaire diamond rings. I told the hostess about it, she too is a foreigner. She ribbish it off. All that was left in my bag was a watch & 2 imitation rings & a cheap gold plated ring. I mix the rings all in a bag when l left my house to stay with her. When l wrnt back home l wanted to put them back for safe keeping. To my horror, all 4 solitaires disappeared. I wore those rings regularly but hospital procedure requested l remove it that Thursday. Friday, l was in my friend's place. I kept them in my bag mixed with others. Saturday l wrnt home. That night l found them all missing. I suspected her or the toyol. She's jobless, husband works overseas. Period.
Malaysia boleh. Can challenge Singapore as a financial centre. Massive land can attract foreign investors, and talents from Malaysian holding Singapore PR back to Johore. Thanks to Singapore training thousands of Malaysian here and for them to gain good working skills and return back to Malaysia.
Planning a high end residential and commercial area right beside Singapore’s port and heavy industries doesn’t sound well. If I’m rich and wealthy I wouldn’t pick to stay beside heavy industries and with loads of foreign labourers and workers staying close by.
Everytime Malaysia announced some major project, they always say it will compete with Singapore. When they first build KLIA they say they will compete with Changi. When they build the seaport at Port Klang, they can compete with singapore port. Let's see how this financial hub turns out
Singapore soon gonna be dead city... global warming...shortage of clean water, food supply and other resources, the fact is Malaysia & Indonesia will no longer supply. While singapore gonna be land less too many stress citizen, bunch of old folks... Singapore have to create under sea city....but have to overcome tsunami n etc....
Mahathir pour Billion into Langkawi and yet it fail And more than 90 % of his project fail When Najib sell 49% of Proton it suddenly earning Money Moreover Mahathir cannot accept it than he want to start another car project Luckily nobody invest cos it's bound to fail He alone wasted Billion and Billion of Malaysia Hard earn money where it can be use to help the Malay community Comparatively he is nothing to DSAI Yang terbaik PMX
@@eddios9018 hahahaha you dont know who is anuar he making malaysian market drop down from 1362 point to 261 point in 1998 and make ringgit drop from 2.43 to 4.77 anuar as a minister of finance from 1991 to 1998 make all businessmen bankruptcy is a anuar a good person ?????
Thankful to Mahathir, our Malaysia currency not like Indonesia,south Korea, Thailand..which could be happened if anwar DSAI was our pm when there was economy crisis late 90s
3:19 - I’m bothered by the fact that Singapore is raising concerns about land reclamation when they’ve been aggressively doing it since the 19th century. EIA? How can this country act as if it’s above others when they’ve already destroyed so many natural mangroves and corals in the past? Not to mention the reclamation that took place right on the border strait. And do they even care about where all that sand being imported from?
A global financial hub requires a full suite of financial ecosystems for it to be so. Many desire to be one. Some aspire to rival the other. Few make their mark.
the reason it flopped is multifactorial.. but mainly due to the unstable political background in Malaysia for the last decade, COVID and also background intererence by YouKnowWho... it has potential, but need strong leaders to step up and take responsibility, a good public transport system(because its far from the general population) and backing by the government, who knows it might turn out to be good.. but having live in JB, knowing what's going on behind the scene, things are much more complicated than that..
I see no problem with the project including marketing it. The only big issue is when the leaders inside the country were not united at all. That surely becomes a main ingredients for failure and sounding an alarm bell to the tourists and foreign investors. I have high respect for Mahathir, but what he did had just brought more bad image to Malaysia rather than uplift its already struggling economy. The project was already ongoing, and the only thing the Gov't of Malaysia could've done to address those issues of foreign influx and securities of its local citizens is to pass newer legislations and policies to ensure the safeguards and benefits that are more advantageous to the improvement of the economy and its local citizens while promoting and making the project attractive to foreign clients.
Don't worry, the Forest City will regain its prospective in the Property Market soon. With the New Port, Golden Port in Malacca Strait brings Prosperity to Malaysia and investments poured in the Forest City soon.
Singapore'a financial hub was built through years/decades of hard works. Malaysia with their political instability and tidak apa attitude coupled with brain drain trend, can dream on.
Sinkiepore actually hates it when Malaysia do well economically. They really do not like that Malaysia is becoming a powerhouse for Semicon and data centers. If the government play their cards right and build infrastructure projects like HSR and LRT to stop at Forest City, it will become a success because of its strategic location.
Yes. I agree with u. As u said "if" malaysia do this and "if" malaysia do that. "If" only I strike lottery; "if" only I look like Tom Cruise. In the meantime, u continue to dream the "if", OK?
Malaysia does not have a population big enough for this kind of mega projects. Also it is not cheap. How many consumers can afford that? The project must start small first and build on that.
@@thinkie12 Infrastructure projects does not only benefit the locals. FYI, Changi-KLIA is the world's busiest international route with 4.9 million seats in 2023. A high-speed rail that can take passengers from Singapore to KL in 90 mins will be in demand compared to flight because a train is still needed to reach KL from KLIA. Considering that over 300,000 Johoreans work in Singapore and commute via motorbikes on a daily basis, LRT will be in demand once RTS is operational as commuters can take the LRT to RTS link and then the MRT in Singapore. It is not a stretch to say it's possible to commute from Johor to Singapore daily for work within 1 hour of travelling time. Hence, why properties near RTS are selling like hot cakes now.
Malaysia is always dreaming..ask them about their Wawasan 2020 plan.. it's 2024 already.. Whene KLIA opened years ago, they claim it will rival Changi Airport.. I wonder 🤔
TUN M wawasan 2020 planning to be fail from beginning, The Policies does support to encourage to fail due to untouched and illogical businesses activities which not meritocracy in planning human capital. Corruption is planning ahead than meritocracy systems.
@@masterseries4004 The plan was a good aim what details in it was well researched but unfortunately improperly executed. Pak Lah tanked it together with the financial crisis. Najib make it worse etc... Mahathir as PM anytime rather than Zahid and cos.
It wasn't failed project but due to covid and restricted foreign policy by the government during that time. Now it has turn into financial and special economic zone by current governemnt. This place got a nice beach and there is still incoming development.
In short, driven by his animosity toward the Sultanate of Johor, which played a pivotal role in this project, this divisive politician sabotaged it to spite the state. Adding insult to injury, on his very first day back in office during his second term, he handed an island over to Singapore.
It will work if no further corruption and politicize the plan. Attractive location for investment. Potential special zone for new financial hub in Johore. It will benefit the whole country.
Forest City is a cautionary tale about mistaking a China company's business interest for Malaysia's national interest. Unfortunately , there are other projects in this category, though Forest City is the most obvious and most publicised one.
it's obviously a failure without Chinese buyers who can't get their money out of China now. And they didn't feel welcome in Malaysia with MM2H being changed for the worse every few months
When unbridled greed and megalomania of owners overshadow reality and common sense, ignoring environmental concerns and social impacts, then Megaprojects like this simply results to Mega fail. Saving it and transforming to a new and special business? Well, Good Luck!
To determine the ownerships of the place is a real complication. How will they reclaimed their share. Now, who own the reclaimed land? What about the present private owners. There is alot debtors still having court case against the owners
@@haon2205 It's called multilateral cooperative partnerships for the mutual benefit of all concerned parties, a.k.a. what grownups do. But you lot can't even spell it, much less comprehend its meaning.
High quality human resources, sound governance, and law and order are the reason for becoming a financial centre. The rest is the by product. Don't confuse it with the order of cause and effort.
So many hate comments from probably Singaporeans. Just sit and relax. Time will tell if the govts plans would work. This project is fully funded by private sector. Govt of the day is only pushed to make it a success because..you know why..but if it fails it really doesnt hurt the Malaysian govt a bit..but if it turns out to be a success..it will really benefits Malaysia..this project is even raised on a manmade island. 😘
@@MesutOjil78 Singapore will be part of that Private Entity trying to make it happen. So don't even go there. A Financial Hub which will rival Singapore Financial Status??? Lets see if it works. They need Land...They are Out of It after A Ban on Sand to Singapore was in place recently...allegedly for Reclaimation Projects which changes the sea current leading up to disastrous consequences after the recent oil spill. Losing Their Curve is detrimental to the Marine Ecosystem n clean up effort or the natural occurrence into the deep sea away from human habitats. Turning it into A Casino was Singapore first initiative yet it will be in direct competition to MBS n Sentosa. JB has never seen itself as Malaysia. Always trying TO BE SINGAPORE. Maybe Singapore will take over that Ghost City for good n The JB Palace could recoup their 100billion losses. If only the Developer n Investors had the foresight to use the area n build An Intergrated Playground combining... Public Housing Landed...Condos...Retirement Oasis n A Waterfront Luxury Living for Foreigners 2nd Home. Alas Creativity n Long Term Planning not A Thing with Greedy Investors. It will give Malaysians working in Singapore...A Home or even Rental Units for singles. Lost Opportunity. WASTAGE with Mega Projects is A Huge Issue in Malaysia.
They are angry although the country is rich, only the foreigners are reaping it and the cost of living is sky high. The government spend a lot on useless defense with no enemy to fight so they pick on Malaysia.
Visited this place before, the sale-person snobbishly told "only applicable to China citizen, not for Malaysian. You can see but don't ask at all". Lack of cultural and art elements. It is waiting to be a failure project.
They are trying to seek help from Thaksin to help. With Thaksin connection with the rich, influential, powerful connection. This might be a little too late. If Takshin turn down to help, maybe can get Jo Loh to help out.😢
There's a saying about throwing good money after bad. You just have to Google who is largest shareholder, to know what's going on. Spoiler: not the govt / tax payer. Buyers holding the bag now also from China, not Malaysians as it's far too expensive for us.
Building demand % should match earning %, since malaysia is 40/40/20 for low ,mid, high income, they should follow this rule in designing a city. Making a city then find residents? that's stupid
Too big to fail, but it has fail in big time. For such project it very difficult to save it from failling in big time. Only country interest can come close to save sure investment. Such investment can draw down any investor. Even a country. The feasibility and viability studies is crucial. It is difficult to let it off on such a failure. It is difficult to reverse it.
Keen to own a luxurious 1-bedroom apartment at Fourth Avenue Residences in Singapore's prestigious Bukit Timah District? With direct access to Sixth Avenue MRT and within 1km of Raffles Girls' Primary School, this is an opportunity not to be missed. Contact owner at morriestory@gmail.com today.
Can Malaysia turn Forest City into the next Southeast Asia financial hub? Let us know in the comments below!
If you enjoyed this video, do like, subscribe and buy us a coffee: bmc.link/worldknowmore
Check out this video on Malaysia's epic loss of talent to Singapore: th-cam.com/video/m-NiSCWd65g/w-d-xo.htmlsi=X2DwlPOHQ9SXaUCA
Connect singapore and forest city with a bridge and borderless passage and see the region thrive. Immigration controls are destroying the economy and causing massive pollution due to congestion.
It's the same case wth other countries inc US
Impossible to turn new Project as similar to Spore.Spore is City state built by Stanford Raffles since 1819.as proverd as said Rome is not built in a day Seemly Msia looking inferior But actually Malaysian Sarawak Iban in interior is Richest.waiting the next 20year 200 3:42
20
On next 20years
Boohoo Mahathir
Politicians are Malaysia worst enemy.
indeed
Pretty much every country.
*Politicians that base their whole policies onto appealing to the Muslims, which are only 60% of the countries population and pay less than 10% of the taxes.
let's be honest. that applies for all the countries
I think it wasn't a Malaysia plan to have a financial center there. It was a China plan assisted by one of the leaders in the particular state.
Yup.. now they hv moved to get land and build their second country in Indonesia.. under the name of 'infrastructure' they kicked out local people there.
They built it so China official'ss relatives can come, corruption game
Johor entitled royal family
Mahathir is like Malaysian Father, because he is the only political figure who genuinely care about the citizen
every Malaysian trust him rather than with messy backyard banging foreign model. What I'm try to say is, Malaysian should trust Mahathir sources of information
for him to make that statement.
@@myenamjonie124 Mahathir is corrupt and siphoned off billions of Ringgit during his rule, which is why he lost the election and his power in Malaysia
Malaysia has so much land she doesn't need to have 4 man-made islands. Are mega projects like this about money laundering or plain old kickback?
50% forest policy.
Only man made island can kill-off nature provide swampy marine life nursery and fill up royalty coffer effectively in Johore State😤
Because tuanku doesn't want to kacau Tanah Melayu in mainland Malaysia. That is why building an artificial island for foreign mass investment hopefully it could drive economic growth for Malaysia as well.
Land is a state affair not federal
Trying to be smart yet stupid
It is clear that this project really aim is to make the rich richer. *cough (sultan johor)
Corruption and nepotism is Malaysia’s biggest enemy
Doomed.
@@Regional123 racism too
what about racism intimidation bullying unjustified discrimination plus plus????🐥🐥🐥🐸🐸🐸🐸
@@lordguan88you meant reverse racisme?
More like it is a Malay common practices and Malaysia long political tradition.
😂😂😂 I needed A Good Laugh.
Thank you ❤
A few tips you have understand before investing.
City center condo or not. They will promises everything in their agreement. Free gym, 2 free parking, swimming pools and 20 year contract to rent from owner. Once 90% of the condos are sold. They change management. Ditching all promises made through legal agreement. End up to be charged for all that used to be free. Not only we lost for paying the 5 year loan. They only rented for 4 years. The water charge rates are horribly high. All repair cost are at almost 10x the normal rates as we are not allowed to hire contractors which are not under their management.
We tried to sell. But the management has the right to disapprove who we sell it to. So due to the increasing monthly charges, we sold it back to the management at below market value. And 3 of my friends has the same fate at different condos. Malaysian or not if you dont have the backup plan. They can sue you for more profit as the lawyers we hired are also "related" under their company.
Sounds like daylight robbery to me.
A competent, clean government will take no part in a private company project or foreigner owned developed property, unfortunately , it is not this case here due to vast Royalty interests involved.Secondly, we still don't have a clean competent government even after 2018 historic unseat of BN government.
Without govt help , the forest city will be a real failure and sour point forever.
There is merit to do this as it actually can make the area into a vibrant productive areas being close to Singapore and to the coming major Port in Malacca developed by China .
This would bring jobs to the area.
There will be lots of Chinese and Singapore companies will be investing etc.
Then Singapore would be the worst country?.
Cos the government investment arm hv its hand practically everywhere..😂
Because BN is still in the government. The voters have been duped by the politicians.
Governments through out the world work hand in hand with private developers.
Not really true.
The project was already existed even before the Madani govt. So Madani govt has no part in it.
Yes, by revitalising it , is just like rescuing those many abandoned project.
It is a good project . Only thing is it needs certain advantages and that advantages are what the Madani provided to revive the project.
It is better to make it profitable, collect taxes and complements the Malacca big port project and provide JB more residential and commercial units now idle to accommodate the influx of many Singaporeans and Malaysians with the opening of the RTS link between Singapor/Malaysia.
Know the economics.
The govt is doing the right thing
Your narrative is wrong and
The only thing successful about investing in Forrest City is that you’d get to see success across the border in Singapore from the comfort of your balcony, and that’s the only success you’ll see. But, at least you get to breathe in the vapours of success coming originating from Singapore.
Lol, sg success? Lol
LOL. Youre funny
Once the SEZ takes off and more Singapore based industries move across straits.
It will be the sunset of you know which
the joke isn’t really joking
They sold a concept but never attracted me at all. 15 years ago I moved to Sydney Australia, I sold off everything and bought up properties in Sydney. Today it has gone up 3 fold. The moral of the story, you cannot rely on a government that rule the country by race and religion. There cannot be any progress. Forest City, I choked.
Sigh... The problem with Forest City, or any other mega-projects, failed because of the inability of the government to realize that their people are nit able to afford to buy or spend in these places. A nation must have the critical consumer population to even go ahead with projects like these. Don't put the cart in front of the horse.
This has got othing to do with the govt. Its aprivate project whose major shareholder is the Johor sultan. Get your facts right
It was the accessibility to the Rain Forest not available due to the cancellation of the HSR project.
@@mayfoo02 Even so, such a big project will fail because there are not enough consumers to buy such high price properties. If they have started small and expand later when the properties are majority occupied, then, build on another stage, it may succeed.
@@thinkie12 well, tell that to country garden
How is it has failed? It only uses 10% of the total envisioned , and more 65% of the housing has been sold...
that is why government housing policy should lead to the houses needed by the rakyat not foreigners. we should go back to 40% low cost 40% mid cost and 20% luxury homes.
@@mishahul
Totally agree 💯.
Singapore will be part of that Private Entity trying to make it happen.
A Financial Hub which will rival Singapore Financial Status???
Lets see if it works.
They need Land...They are Out of It after A Ban on Sand to Singapore was in place recently...allegedly for Reclaimation Projects which changes the sea current leading up to disastrous consequences after the recent oil spill.
Losing Their Curve is detrimental to the Marine Ecosystem n clean up effort or the natural occurrence into the deep sea away from human habitats.
Turning it into A Casino was Singapore first initiative yet it will be in direct competition to MBS n Sentosa.
JB has never seen itself as Malaysia.
Always trying TO BE SINGAPORE.
Maybe Singapore will take over that Ghost City for good n The JB Palace could recoup their 100billion losses.
If only the Developer n Investors had the foresight to use the area n build An Intergrated Playground combining...
Public Housing
Landed...Condos...Retirement Oasis n A Waterfront Luxury Living for Foreigners 2nd Home.
Alas Creativity n Long Term Planning not A Thing with Greedy Investors.
It will give Malaysians working in Singapore...A Home or even Rental Units for singles.
Lost Opportunity.
WASTAGE with Mega Projects is A Huge Issue in Malaysia.
The title of this video should be "Could this $1b ghost city beats SG to be the next Financial Hub ?".
Singapore is backing this project as it's next hub as it doesn't have land, power or water to expand its industries further in its home ground.
Forest City was not built to compete with Singapore but rather to capture any spillover from the world's most expensive city.
Honestly, will you stay in FC ?
pls learn basic demand and supply first before you mass produce so many units. Rome isn't build on one day. No city was built from 'mega-project' and then expect all humans to live in it. obviously built by those who overly day-dream.
@@douglasstanley5209 He already said. Expensive City. Only those who are temporary love fashion as a form of life will learn to stay there to feel it.
Malaysia should have thought carefully before building the mega city.
Where to get so many people to live and *work* in Forest City. At least a million people.
They people have to be of a certain standard. (Sorry, I am not looking down on the poor.)
Definitely must have foreigners, as 100% local population, the project will not work.
How to plan that, what sort of quota.
What employment opportunities for foreigners and locals can be created there be.
A financial hub cannot spring up overnight. It has to be build up. Infrastructure together with the professional manpower.
Forest City should have started out small, and then expand over the years.
What Anwar can do now, is open up the FC in stages. Maybe one island at a time.
Forest city was meant for investors(mainly) from China
Malaysia is never short of bold plans. Making these bold plans reality is in short supply.
'High risk', 'Bold' multi Billion Plan built on the shoulder of ordinary people purse string or our nation's vast resources is always part of Malaysia Government Policy since Independence.If it is successful, Malay Monarch and Chinese corporation reap the gains, if not, Malaysians pay the losses.
Bold plans are the hot beds to enable the sprouting of the seeds of corruption.
This place only good for retirees who like to play golf.
Malaysia Boleh.
A few moments later...Malaysia Tak Boleh.
Mulut cakap 'boleh' , selepas satu hari, semua jadi 'tak boleh'. Selalu tunggu lama-lama, cinta diambil oleh orang .
Malaysians developers love to talk big, talk bigger , and talk the biggest for all the world to know that we have bigger mouths that sound the goodest . !!!!!!
It would become a joint JB-Singapore Special Economic Zone. The HSR from Kunming connects Laos, Cambodia, Thailand, Malaysia, and Singapore will be built after the former PM of Malaysia canceled it. Furthermore, the Singapore to JB MRT will enhance transportation from the Rain Forest location. Except for one of the 8 apartments completed recently, the rest were occupied.
sure, always looking for sg to bail you out when you're in trouble🤨
@ceeesscee7400 It is a win-win project economic point of view. The passing of Mahathir ended the LKY-Mahathir era. My condolences to his family.
The inconsistency of government policies pretty much doomed Malaysia for the last 50 years and this would be the same.
The politics in Malaysia is more stable than most countries. Fact.
All the best for Malaysia 🇲🇾🤲
Building castles in the air... Lol
Best report ❤
kami rakyat 🇲🇾 cukup bertuah mempunyai salah 1 perdana menteri all the best sepanjang kemerdekaan kami..jika kamu menyatakan kehilangan kami projek2 mega berbillion dollar atau apa sekalipun jika ia tidak menguntungkannya kepada masyarakat bawahan terutama sekali kepada warga & rakyatnya???itu lebih baik kami kehilangannya..kerana hari ini saya cukup berkeyakinan kepada pemimpin kami yang lebih mementingkan dahulu keselesaan rakyat serta kehidupan asasi rakyatnya yang diutamakan..jika projek2 mega ini yang kebiasaannya lebih menguntungkan kepada org2 luar daripada penghuni warga negaranya..ofcorse lebih baik ia tidak berjaya seperti apa yang diharapkan..apa yang penting sesuai dengan keperluan warganya diutamakan itu yang dipandang oleh kepimpinan kami pada hari ini..ianya cukup membahagiakan bagi kami sebagai warga negaranya..biarlah kami maju sealiran hasrat rakyatnya yang tidak banyak yang ketertinggalan..bukan untuk mengisi kantong2 orang luar dipikirkan tetapi rakyatnya diutamakan..welldone my presiden DATUK SERI PADUKA DI-RAJA DATUK ANWAR IBRAHIM..1990an saya menikmati pembelajaran kami ketika itu dia sebagai menjawat jawatan menteri pendidikan yang terbaik di negara kami malah diasia tenggara..& hari ini sesuailah beliau menjadi prime minester kami semoga kesejahteraan negara kami semakin baik bukanlah untuk didunia bukanlah untuk kami bermegah megah seperti negara2 lain tetapi apa yang penting sekali adalah kami rakyatnya yang ekonominya lebih baik dari sebelumnya..itu yang lebih penting bagi kami bukan untuk siapa2 bagi pihak asing..sejahtera negara berdaulat kami itu yang sentiasa kami doakan selalu..semoga orang luar dapat lebih memahaminya..lawan tetap lawan..
Jepun tak perlu sedekah kewargangaraan kpd org asing utk maju. Tak perlu signboard bahasa cina utk pelancong. Tak perlu jual tanahair utk duit.
Ini bukan PM punya kerja mangkuk oii. Ini raja satu bangsa selatan punya projek
Build some kind of border crossing to Singapore, and buyers will flood in. Rail, ferry, or pedestrian will work as long as there is a connection to the MRT in Singapore
Agree. Need a bridge from Singapore, provided Singapore government om consented to it.
And connected to the Singapore’s port and heavy industries area, which is situated right beside. Together with hordes of labourers and workers staying close together. Don’t think this environment would be attractive to the supposed target group, ‘the rich and wealthy’.
Malaysia is not Singapore. They will spend 10 years talking about it. 5 years hyping it up. Then abandon it because someone got elected prime minister. Then they will pay Singapore compensation for wasting our time.
Connect Forest City directly to Singapore would boost the incentive for people to live there,
Very poor location. It’s just beside Singapore’s port and heavy industries. Imagine the environment the supposed target group, the wealthy people, have to put up with. And staying among labourers and workers.
Only those with good hard cold cash and young with open mindset will fall for it.
The name clearly stated Forest City. It is two different entity and human will be like a sandwich living there.
Introduce duty-free, ferry terminal to Singapore, a helicopter landing pad, a horse racing track, and a casino on this Financial Island.
No Go Singapore . if you want Malaysians to support own country : we are the tax-payers. Singapore is a foreign country.
🤨 what you want is a gambler paradise! … to rob legally
@@PP-vf1kx if none of the above means it's doomed paradise.
You can't govern properly when there there is corruption and international financial services need strong and effective governance.
No, corruption is not the problem.
It's unbridled greed.
Greed will destroy Johore and Malaysia.
May Allah forgives us and protect us all.
Greed City
Yes you can. Depends on who will handles it.
this project has destroyed the livelihood of the fishermen..no wonder it is doomed.
We love to be the ones who are envious for once
I was heavily into MY RE when this was happening. The big developers all knew this was a corrupt development with the idea of making it a Chinese beachhead - where Chinese could come and stay as long as they wanted, work, launder money, etc. All told me to avoid Eskandar like the plauge.
I sold everything I had in Malaysia as it was clear the "Chinese boom" would not be allowed to last as it was just too much currency leaving China. The MYR was at 3.0 USD and property prices doubled in Penang in 4 years as Chinese money flowed in. The last 3 properties I sold went to mainland buyers looking to park cash. They came and looked at a property for 3 or 4 minutes and made an offer on the spot. And then left the properties empty for 5 years even though they were fully furnished and ready to be rented.
I can now buy the same properties back for less (in USD terms) 10 years later.
Country Gardens is worth about USD40 per square meter at best. There were developments on Penang Island that were that price back in 2006. I paid $USD 62 psf for Miami Green in Penang back in 2006 to 2009 - a very nice and stable development.
The same opportunity of making langkawi free port but slowly silent suffering from death island.
SMiLE 😀
There was a voice to build halal tourism at Langkawi.
That's the reward for changing government. Just let the leader remain in jail.
When it does succeed..Greedy selfish politicians will crash in and mess it up..Only wise rakyat/citizens must vote in an uncorrupted PM can we continue to progress otherwise will regress a deep fall..Pray for a harmonious & progressive Malaysia🙏❤🙏
So true. Mega projects provide politicians with opportunities to pocket kick backs. Material used are substandard.
I stayed in one of the houses. A RM2 mollion home. It's haunted. I lost 4 solitaire diamond rings. I told the hostess about it, she too is a foreigner. She ribbish it off. All that was left in my bag was a watch & 2 imitation rings & a cheap gold plated ring. I mix the rings all in a bag when l left my house to stay with her. When l wrnt back home l wanted to put them back for safe keeping. To my horror, all 4 solitaires disappeared. I wore those rings regularly but hospital procedure requested l remove it that Thursday. Friday, l was in my friend's place. I kept them in my bag mixed with others. Saturday l wrnt home. That night l found them all missing. I suspected her or the toyol. She's jobless, husband works overseas. Period.
Must be an educated TOYOL to know the genuine gems!!
toyol stole money only
"toyol"? Rubbish.
The rings itself maybe a cursed item. It found a new powerful master. Preciousssss
Malaysia boleh. Can challenge Singapore as a financial centre. Massive land can attract foreign investors, and talents from Malaysian holding Singapore PR back to Johore. Thanks to Singapore training thousands of Malaysian here and for them to gain good working skills and return back to Malaysia.
What abt the perpetual corruption
Well, after change of government, Putrajaya decided to keep it .
Sale to Singapore: Convert to high raise building fish farm or pig farm also a possible revenue generating proposal.. 😊
NONSENSE : BS . . the project is completed NOT Failed yet... the Condo prices are upheld, not reduced . Property never expired too soon .
The high-rise farming was a flop. The owner recently closed the farm and sold the building.
@@ssrae-2229 Agreed! That's why it is called Ghost Town.🤣
I prefer fish farm....at least when it sink, the fish can survive, not the pig.🤫
Planning a high end residential and commercial area right beside Singapore’s port and heavy industries doesn’t sound well. If I’m rich and wealthy I wouldn’t pick to stay beside heavy industries and with loads of foreign labourers and workers staying close by.
Most Singaporeans have no interest in this dwelling. Project designed based on incompetencies.
covid ruined the project
yes , add more money , Malaysia can do it
Everytime Malaysia announced some major project, they always say it will compete with Singapore. When they first build KLIA they say they will compete with Changi. When they build the seaport at Port Klang, they can compete with singapore port. Let's see how this financial hub turns out
It's all failed terribly😅
Maybe Singapore should just annex Malaysia lol
And one minister even shamelessly said that if malaysia rule Singapore it will definitely be better develop 😅 just imagine this joker is from JB
True enough... its like Msian are forever chasing after the shadow of Spore. Sad 😢
Singapore soon gonna be dead city... global warming...shortage of clean water, food supply and other resources, the fact is Malaysia & Indonesia will no longer supply. While singapore gonna be land less too many stress citizen, bunch of old folks... Singapore have to create under sea city....but have to overcome tsunami n etc....
Mahathir pour Billion into Langkawi and yet it fail And more than 90 % of his project fail When Najib sell 49% of Proton it suddenly earning Money Moreover Mahathir cannot accept it than he want to start another car project Luckily nobody invest cos it's bound to fail He alone wasted Billion and Billion of Malaysia Hard earn money where it can be use to help the Malay community Comparatively he is nothing to DSAI Yang terbaik PMX
dsai will be puppet communist
DSAI nak jual Malaysia pada World Bank - 1998. Terbaik!
@@eddios9018 hahahaha you dont know who is anuar he making malaysian market drop down from 1362 point to 261 point in 1998 and make ringgit drop from 2.43 to 4.77 anuar as a minister of finance from 1991 to 1998 make all businessmen bankruptcy is a anuar a good person ?????
Thankful to Mahathir, our Malaysia currency not like Indonesia,south Korea, Thailand..which could be happened if anwar DSAI was our pm when there was economy crisis late 90s
my day does not go by without watching your video and Emile Cosman
Don’t buy. Already so old and outdated. The investment is damn suai. You buy, you lose money.
Yep not worth to invest. The name is already tarnished. The politicians are cheating you all the way 😂😂😂
PONTIANAK WILL BLESS YOU. IT IS A CURSE GHOST CITY!
@@TheTeaParty320 it's not worth to invest in this tarnished property developer. You be outwitted by the politicians for your hard earned money 💰.
@ So, so true. Let the Sultan of Johor, now the Agong, bear all the losses. Let’s not take the losses off his hands.
Gong kia!
Always taking the easy way out. Averse to hard work.
What is the easy job?
3:19 - I’m bothered by the fact that Singapore is raising concerns about land reclamation when they’ve been aggressively doing it since the 19th century. EIA? How can this country act as if it’s above others when they’ve already destroyed so many natural mangroves and corals in the past? Not to mention the reclamation that took place right on the border strait. And do they even care about where all that sand being imported from?
The problem, forest city may be sinking with china way of building 😂. It is just my opinion
You maybe right because the Chinese employed Indian workers for the projects. 😂 😂 😂
Sinkiepore talking about sinking, now that's funny😂
Sea water lever is arising
Plan for boats soonest
I have a piece of good news for you. Hallucination is not illegal.
Delusion is not haram. 😂
It's harmless and it's free.
It's stupid to compare Ghost city/Johor with down south. Usually, you compare capital cities.
It is - if drugs are involved
@@eriklee9462🤔 what you’re describing is mental illness! .. it’s worse
A global financial hub requires a full suite of financial ecosystems for it to be so. Many desire to be one. Some aspire to rival the other.
Few make their mark.
HSR from China direct to Forest City, now declared as Duty-Free Island to promote tourism.
the reason it flopped is multifactorial.. but mainly due to the unstable political background in Malaysia for the last decade, COVID and also background intererence by YouKnowWho... it has potential, but need strong leaders to step up and take responsibility, a good public transport system(because its far from the general population) and backing by the government, who knows it might turn out to be good.. but having live in JB, knowing what's going on behind the scene, things are much more complicated than that..
I see no problem with the project including marketing it. The only big issue is when the leaders inside the country were not united at all. That surely becomes a main ingredients for failure and sounding an alarm bell to the tourists and foreign investors. I have high respect for Mahathir, but what he did had just brought more bad image to Malaysia rather than uplift its already struggling economy. The project was already ongoing, and the only thing the Gov't of Malaysia could've done to address those issues of foreign influx and securities of its local citizens is to pass newer legislations and policies to ensure the safeguards and benefits that are more advantageous to the improvement of the economy and its local citizens while promoting and making the project attractive to foreign clients.
The last thing you need is more legislation.
Don't worry, the Forest City will regain its prospective in the Property Market soon. With the New Port, Golden Port in Malacca Strait brings Prosperity to Malaysia and investments poured in the Forest City soon.
Singapore'a financial hub was built through years/decades of hard works. Malaysia with their political instability and tidak apa attitude coupled with brain drain trend, can dream on.
Mahathir caused the fall of this mega project. Mahathir is very racist.
thats why we Couldn't agree and not Listening to communist mentality
It will cause the people who hold the economy to also hold the political power. These people are more racist.
People who called others racist are racist themselves
@@lucasahmad6525 I am telling the truth. Mahathir is the most racist PM in Malaysia.
Sinkiepore actually hates it when Malaysia do well economically. They really do not like that Malaysia is becoming a powerhouse for Semicon and data centers. If the government play their cards right and build infrastructure projects like HSR and LRT to stop at Forest City, it will become a success because of its strategic location.
Yes. I agree with u. As u said "if" malaysia do this and "if" malaysia do that. "If" only I strike lottery; "if" only I look like Tom Cruise. In the meantime, u continue to dream the "if", OK?
Malaysia does not have a population big enough for this kind of mega projects. Also it is not cheap. How many consumers can afford that? The project must start small first and build on that.
@@oldtabrough1026 😂😂😂😂😂
@@thinkie12 Infrastructure projects does not only benefit the locals. FYI, Changi-KLIA is the world's busiest international route with 4.9 million seats in 2023. A high-speed rail that can take passengers from Singapore to KL in 90 mins will be in demand compared to flight because a train is still needed to reach KL from KLIA.
Considering that over 300,000 Johoreans work in Singapore and commute via motorbikes on a daily basis, LRT will be in demand once RTS is operational as commuters can take the LRT to RTS link and then the MRT in Singapore. It is not a stretch to say it's possible to commute from Johor to Singapore daily for work within 1 hour of travelling time. Hence, why properties near RTS are selling like hot cakes now.
National Interest vs Foreign Entities Greed.
You really will not be The Making of A Leader.
It is so funny Singapore is so concerned about environmental impact while they are doing the same exact thing expanding their land by land reclamation
Malaysia is always dreaming..ask them about their Wawasan 2020 plan.. it's 2024 already..
Whene KLIA opened years ago, they claim it will rival Changi Airport.. I wonder 🤔
Mahathir dreams a lot but most of his dreams don't work out. It vanished in thin air, poof!
TUN M wawasan 2020 planning to be fail from beginning, The Policies does support to encourage to fail due to untouched and illogical businesses activities which not meritocracy in planning human capital. Corruption is planning ahead than meritocracy systems.
Wawasan 2020 is for him.. to become PM 2nd time.
@@masterseries4004 The plan was a good aim what details in it was well researched but unfortunately improperly executed. Pak Lah tanked it together with the financial crisis. Najib make it worse etc... Mahathir as PM anytime rather than Zahid and cos.
It wasn't failed project but due to covid and restricted foreign policy by the government during that time. Now it has turn into financial and special economic zone by current governemnt. This place got a nice beach and there is still incoming development.
In short, driven by his animosity toward the Sultanate of Johor, which played a pivotal role in this project, this divisive politician sabotaged it to spite the state. Adding insult to injury, on his very first day back in office during his second term, he handed an island over to Singapore.
Hmm. This is true, and I agree with it.
It's a wet dreams and will remain a wet dreams.
Don't ejec.. too soon in your dream
It is really a forest city now ha ha ha
Don't simply coment if you have not visited the place. It is well maintanied.
Ah...singapore channel centric despite its world-ly title...no wonder its all doom and gloom when it comes to Malaysia
It will work if no further corruption and politicize the plan. Attractive location for investment. Potential special zone for new financial hub in Johore. It will benefit the whole country.
Forest City is a cautionary tale about mistaking a China company's business interest for Malaysia's national interest.
Unfortunately , there are other projects in this category, though Forest City is the most obvious and most publicised one.
I'm very sure at some point in the future forest city will fullfil it's initial purpose or be transformed into something even better.
**Correction Chinese buyers offer special visa..NOT Citizenship..& Sad & True Dr M remarks scarce off Chinese buyers.
it's obviously a failure without Chinese buyers who can't get their money out of China now. And they didn't feel welcome in Malaysia with MM2H being changed for the worse every few months
The 2 countries cant even get a ferry to operate between them...
This megaproject can still be potential but if abandoned so long...feels like not worth to spend money to watch over all those maintenances.
When unbridled greed and megalomania of owners overshadow reality and common sense, ignoring environmental concerns and social impacts, then Megaprojects like this simply results to Mega fail. Saving it and transforming to a new and special business? Well, Good Luck!
Forest City Solution: Lease the land to Singapore for 99 years!
😂😂😂 Imho, better make it perpetuity with a nominal payment of RM 1,000 like penang instead.
Well, i don't think Singapore will buy ur land that laat 99 years. Developers may considered but definitely not SG Government.
A new brilliant steps by PMX, no more ghost town because THE RTS link will complete soon
Plaza Rakyat over 25 years . I am not holding my breath.
To determine the ownerships of the place is a real complication. How will they reclaimed their share. Now, who own the reclaimed land? What about the present private owners. There is alot debtors still having court case against the owners
One of the most expensive projects in the world that failed, hope the Malaysian government can overcome it
Those who have fully paid up too does not have titles to their units.
Now they want Singapore to invest into this project and shoot its own feet? Not so dumb leh. Unless the returns favor S'pore greatly. If not, no deal.
Malaysia will watch what Singapore do and try to copy.
@@teckkeeang4363 Like pleasing the western master?
No deal for Singapore.. they target China n other btw they just sold out they commercial site without depend on Singapore.. u don't watch news 😂
@@haon2205 It's called multilateral cooperative partnerships for the mutual benefit of all concerned parties, a.k.a. what grownups do. But you lot can't even spell it, much less comprehend its meaning.
Says who they want Singapore to invest in the project? The project primarily failed because Country Garden went bust
It doesn't matter how close you are to Singapore. The legal jurisdiction, laws and regulations are still not Singapore's. That's the real problem.
High quality human resources, sound governance, and law and order are the reason for becoming a financial centre. The rest is the by product. Don't confuse it with the order of cause and effort.
The name itself already is two element in it.
Forest vs. City.
When The Top Two team-up for more power & money
Can someone explain how is the government to maintain the infrastructure with zero tax.
Give Malaysia time to build. With a good Government and plenty of land, the Capital will become a great city. Malaysia will Boleh. Cheerio.
Reason is because Drm Racist Policy Now with Support from Sultan of Johor, no racism. Foreign investors might come back.
From the start the main project partner is the later person you mentioned. Good luck.
Tun Mahathir the game changer for forest city...like he told now monkey in the island...❤❤.tun m ❤❤❤
So many hate comments from probably Singaporeans. Just sit and relax. Time will tell if the govts plans would work. This project is fully funded by private sector. Govt of the day is only pushed to make it a success because..you know why..but if it fails it really doesnt hurt the Malaysian govt a bit..but if it turns out to be a success..it will really benefits Malaysia..this project is even raised on a manmade island. 😘
@@MesutOjil78
Singapore will be part of that Private Entity trying to make it happen.
So don't even go there.
A Financial Hub which will rival Singapore Financial Status???
Lets see if it works.
They need Land...They are Out of It after A Ban on Sand to Singapore was in place recently...allegedly for Reclaimation Projects which changes the sea current leading up to disastrous consequences after the recent oil spill.
Losing Their Curve is detrimental to the Marine Ecosystem n clean up effort or the natural occurrence into the deep sea away from human habitats.
Turning it into A Casino was Singapore first initiative yet it will be in direct competition to MBS n Sentosa.
JB has never seen itself as Malaysia.
Always trying TO BE SINGAPORE.
Maybe Singapore will take over that Ghost City for good n The JB Palace could recoup their 100billion losses.
If only the Developer n Investors had the foresight to use the area n build An Intergrated Playground combining...
Public Housing
Landed...Condos...Retirement Oasis n A Waterfront Luxury Living for Foreigners 2nd Home.
Alas Creativity n Long Term Planning not A Thing with Greedy Investors.
It will give Malaysians working in Singapore...A Home or even Rental Units for singles.
Lost Opportunity.
WASTAGE with Mega Projects is A Huge Issue in Malaysia.
They are angry although the country is rich, only the foreigners are reaping it and the cost of living is sky high. The government spend a lot on useless defense with no enemy to fight so they pick on Malaysia.
Visited this place before, the sale-person snobbishly told "only applicable to China citizen, not for Malaysian. You can see but don't ask at all". Lack of cultural and art elements. It is waiting to be a failure project.
i dont understand this - why call yourself forest city NEXT TO garden city. Isn't better to be in the latter???
They are trying to seek help from Thaksin to help. With Thaksin connection with the rich, influential, powerful connection. This might be a little too late. If Takshin turn down to help, maybe can get Jo Loh to help out.😢
There's a saying about throwing good money after bad. You just have to Google who is largest shareholder, to know what's going on. Spoiler: not the govt / tax payer. Buyers holding the bag now also from China, not Malaysians as it's far too expensive for us.
Do it as a special category sector of the economy with many special prevelages
Building demand % should match earning %, since malaysia is 40/40/20 for low ,mid, high income, they should follow this rule in designing a city.
Making a city then find residents? that's stupid
Some studio apartment unit there stay some 20 adults. They are doing their cooking at the corridors. Worse than any thing, I have ever seen.
Too big to fail, but it has fail in big time. For such project it very difficult to save it from failling in big time. Only country interest can come close to save sure investment. Such investment can draw down any investor. Even a country. The feasibility and viability studies is crucial. It is difficult to let it off on such a failure. It is difficult to reverse it.
Im starting to think that Absolute Monarchy wasn't that bad lmao
learn the basic demand and supply first before simply build thousands of units
The King of M'sia is also the Sultan of Johor. Bad timing becos China stopped money flow overseas & killed the demand.
The key problem started with china's financial restrictions, it happened around the world, not just malaysia