ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Property

China-backed Malaysia megacity project struggles to gain momentum

Country Garden's $100bn offshore development still slowed by pandemic headwinds

The Forest City project in Malaysia's state of Johor has been overshadowed by the coronavirus pandemic, but is still aiming for completion in 2035. Residential apartments under construction are pictured in early 2019.   © Reuters

JOHOR/HONG KONG -- Malaysia is pushing to reopen its economy to the world after two years of coronavirus-related border closures, but a $100 billion megacity spearheaded by a Chinese developer off the country's coast near Singapore remains largely stuck in neutral.

The integrated Forest City, comprising four reclaimed islands in the Malaysian state of Johor, is struggling to market property to core investors in China and Singapore. The project is expected to be fully developed by 2035.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more