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Property

Coronavirus slows China-funded $100bn city in Malaysia

Chinese and Singapore investors stay away as pandemic crisis persists

New residences on the rise in Forest City in Johor, in the south of Malaysia.   © Reuters

KUALA LUMPUR -- Fallout from the coronavirus pandemic appears likely to delay the Chinese-backed $100 billion megacity being developed in Malaysia off the coast of Singapore.

Built and financed largely by Chinese interests, the four-island integrated city in the Malaysian state of Johor is struggling to market property products to core investors in China and Singapore.

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