Country Garden's Malaysian project in focus amid contagion worries

$100bn Forest City development is troubled company's biggest overseas project

20230906 Forest City

A residential tower under construction at the Forest City development in Malaysia on Sept. 6. The overall project aims to house 700,000 people by 2035. (Photo by Kenji Kawase) 

AMY CHEW, Contributing writer, and KENJI KAWASE, Nikkei Asia chief business news correspondent

KUALA LUMPUR/JOHOR BAHRU, Malaysia -- The financial woes of a top Chinese private property developer, including more than $6 billion in first-half losses and warning of default risk, are reverberating in Malaysia -- home to the embattled company's largest overseas project.

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