Coronavirus slows China-funded $100bn city in Malaysia

Chinese and Singapore investors stay away as pandemic crisis persists

20200706 Forest City

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

P PREM KUMAR, Nikkei staff writer

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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