A nearly £80 billion city in Malaysia, known as Forest City, faces significant challenges as it remains largely uninhabited. Initially launched in 2016 by China’s largest property developer, Country Garden, the project was envisioned as a vibrant hub for families and businesses. However, as of 2023, only about 15% of the ambitious development has been completed, with a mere 1% of its residential units occupied.
The project, part of China’s Belt and Road Initiative, aimed to create an eco-friendly metropolis that could accommodate up to 700,000 residents, with aspirations to ultimately host one million people, according to reports from the BBC. Despite its lofty goals, Forest City has been plagued by various obstacles.
Investment Challenges and Unfinished Developments
Stricter capital controls imposed by China have significantly restricted investment from potential buyers, particularly Chinese nationals who were the primary target market for the project. Political instability in Malaysia and the ongoing effects of the COVID-19 pandemic have further compounded these issues, hindering progress.
One property owner described the situation as living in a “ghost town,” highlighting the lack of essential amenities and the difficulty of navigating the area without a vehicle. Vacant streets and unfinished skyscrapers paint a stark picture of the once-promising vision. Plans for the city include a diverse range of facilities, such as offices, restaurants, bars, and recreational spaces, including a golf course and waterpark. However, the reality remains that many of these establishments are either incomplete or lack occupancy.
A shopping mall within the development showcases empty units, with some areas still under construction. In a surreal contrast to the intended vibrancy, children’s trains loop around the mall, largely devoid of activity.
Environmental Concerns and Future Prospects
The project’s construction on reclaimed land from the Johor Straits has raised ecological concerns. The potential environmental impact of such large-scale development is under scrutiny, leading to questions about sustainability and the long-term viability of Forest City.
Despite these challenges, both Country Garden and the Malaysian government remain committed to revitalizing Forest City. Reports indicate that they are optimistic about boosting the project’s success through increased Chinese tourism, which they believe could stimulate investment and interest in the area.
As Forest City stands as a testament to ambitious urban planning and investment, its journey underscores the complexities of modern development in a globalized economy. The hope remains that with strategic adjustments and renewed focus, this once-promising city can find its footing and fulfill its original aspirations.
