I Explored China’s Failed $100 Billion City In Malaysia
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- Опубліковано 21 жов 2024
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Forest City in Malaysia - China's $100 Billion City in Malaysia
In southern Malaysia, right next to Singapore, there is a city called Forest City. It's built by China's largest property developer Country Garden with a budget of over $100 Billion Dollar. The plan was to built a futuristic, green and smart city. A few years later, Forest City is empty and a ghost town, according to many media reports. But is that really the case? Did China's city in Malaysia failed? I traveled to Malaysia to visit Forest City and find out. Join me as we explore this Chinese city in Malaysia and investigate if it's really an empty ghost town or actually a livable place? Let's see what's going on in Forest City, Malaysia.
My previous video about a very unique hotel in Shanghai, China: • I Stayed In A Love Hot...
#china #malaysia #forestcity
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I remember when they builth Shanghai ...it was called a ghost city too. NOT ANYMORE. Give these cities a decade and it will be very busy. China has 1.5 Billion people. 700,000 still need to be moved to middle-class. PLENTY OF GROWTH REMAINING!
@@KenAbroad Am loving your first episode of your new series, "Chinese related places all around South East Asia" ...very knowledgeable and informative. GREAT job, Ken. You are an excellent content creator.
So, where are you now? I was expecting to see more videos from you in South Korea but it appears you went back to China in the last one and now in Malaysia? I am a bit confused.
I am in Johor Bahru now...any chance of meeting up ?
You must be the first German visitor likely first European visitor to the island. Great video!
Not sure if you are aware of the followng: In general, foreigners can't buy property in Malaysia for less than RM1 million (about USD 235,000) in most states, but there are some exceptions. For example, in some states like Melaka, Negeri Sembilan, Kedah, Penang, Perlis, Sabah, or Sarawak, the minimum purchase price may be RM2 million. In addition, the MM2H visa program may allow foreigners to purchase property with different price caps and loan facilitations. Of corse, there are properties less than RM500k, but we are not allowed to buy them, the government does not want foreigners to jet up the price for the locals.
They could easily make the exception for FOREST CITY... If they wanted to...
Sad, tbh at the very least this way these appartments would have some use and Singaporeans could also purchase and commute from there... Honestly, Chinese real estate offices have already ruined so many properties in Malaysia!
@@dontlaughtoomuch11 They do the same thing everywhere, lots of half built incomplete properties all over China.
@@commenting2008 I blame Malaysian government for allowing this project to even go ahead! TOO MANY SKYSCRAPERS, TOO CLOSELY BUILT TO ANOTHER, TOO TALL, making it an absolute eyesore and not capping the price! If Malaysian authorities would allow it under certain conditions that would benefit ALL MALAYSIANS AND CHINESE instead of ridiculously wealthy Chinese, perhaps I could understand this. But I have seen those real estate developers RUIN certain parts of Malaysia (often of Chinese descent). Had they cut those big skyscrapers in HALF in size and space them out, perhaps they wouldn't look half as bad as they do now... This was done with NO FINANCIAL PREPLANNING.
It's a nice city for an introvert so far.. personally I love it.
For now you see people around before not single soul.
Introvert here. I want place with not many people, haha.
I like this kind of videos. They are interesting explorations👍
tq good jobs ken and welcome back to the country that you started as a You tuber
Always happy to be back in Malaysia, indeed the country where I got my first few thousands subscribers 🙏
@@KenAbroad Interesting to know that 🙂
Just a correction -- Singaporeans do not visit forest city at all because it is a dying project. Most people will not invest in such a project. You should go to other parts where a built mall is not in use. Go look at other videos. Do your research. If you are sponsored by Forest City, please declare. Thanks
Ken is an utter idiot what an utter amateurish report
Great comment. Felt very sick after watching this video, all the disinformation.
@@funpau7549no kidding. A couple dozen people in a mall, and “it’s busy.”
A few dozen people on a beach and the city “is full of life.”
A handful of lights on in skyscrapers with thousands of units each, and suddenly it’s “not a ghost town.”
🙄
Selamat datang to Malaysia Ken.What a surprise to see you here in the Forest City exploring the vast project and a brilliant idea to show us around too.Yes see for yourself first hand rather than hearing from the different perspective of the social media.Will be waiting for your next city exploration.Cheers!💕🇲🇾
This place looks like a piece of development from China - long term plans that people without vision cannot comprehend.
Many "ghost cities" in China years ago are today bustling & vibrant. Unlike unplanned cities that can be haphazard, the long term planning produces neat & very organised infrastructures for comfortable living.
Also, this place is like it's targeted for the growing China middle class and for foreign investments from Singapore to the local property market.
Seems the Johor sultanate have always been able to look ahead of their times.
No he is not
@@mrj475 and if I say, yes he is? Shouldn't you at least say why he is not?
As a Chinese , first learned this place on TV ads about 10 years ago.The main target customers are Chinese people who may go for a holiday during their vacations. At that time, it was described as a modern and green town next to Singapore.
But the problem is that the main developer (BiGuiYuan) faced serious difficulty during the Covid time. This project is also seemed as an unsuccessful project even by us Chinese. 😃
Never make mistake by following media blindly. Iskandar Forest was built during Pandemic period that was affected by constant lockdown in China and led to uptake of buyers from abroad. Same thing with apmt buildings in Sihanoukeville Cambodia and also in the China itself due to slow recovery post Pandemic and uncertainty over ongoing US-China trade war.
and do u know if the prices have gone up/recovered significantly after the "covid" time?
it's going down, and the builder ,Green garden,was on the edge of bankruptcy, but ccp was preventing this happening@@carstensanonym7527
CCP funded propaganda
Forest City was *not* built during pandemic.
In fact, its apartments were sold out years before the pandemic. So, not sure how the sales could be affected by lockdowns........
The only known effect of lockdowns is most buyers could not go there to stay, and no foreigner could enter the country to rent there.
LOL, "US-China trade war" is impacting China's CONSTRUCTION players? What is Country Garden and Evergrande has to do with exports? Wumaos and their fake narratives! 😄
Thanks for showing us Ken. It looks great, but as you say, in five years or so it will be a much busier place. It’s so lush and green and peaceful ! It will be interesting to watch what happens. 🙏🏼🐨
Not entirely 100% owned/funded by the mainland developer.. It's a JV project between the Chinese developer and the Sultan of Johor state (currently the supreme head of Malaysia) Don't worry he will have his own plans 😊
Yes
Now Johor Sultan ruling, I believe he would make it better gradually
@@ronniechoo173 They already make the first move by opening duty free shops.. Now Forest City is classified as JSEZ under the MM2H visa requirements.. Lastly there are rumors of a big project which can rival Genting Casinos
The Malay government restricted visas somehow to stop this place from becoming a chinese enclave
The malaysian govt like to flip their policies like prata, Forest city is the victim. Hope the new king will make things right and better still, secede from Malaysia federal govt.
The place is actually beautifully built. The problem, from what I know, is when the project was signed, the Malaysian government allowed foreigners to buy property. So Garden City targeted mainland Chinese for those working in Singapore and staying in Malaysia. However, the previous prime minister of Malaysia Tun Dr. Mahathir bin Mohamad tightened the residency law and buyers of Forest City will not obtain long-term residenship. While local Malaysians mostly consider the place too expensive for their living standard, that made the setback of selling. Now Anwar changed the law and shown support for the project, it should be restarted again soon. Correct me if I am wrong.
mathey destroys everything except his v deep pockets
Thanks for the video dude. Cleared the clouds for me.
welcome back to Malaysia Ken..tiada masalah
Always good to be back in Malaysia 💪
Tiada masalah 😅
@@KenAbroad the asam boi fan! :D
@@bboysjb asam boi not asam girl😄😄
Ken's videos are great for picking up travel tips, discovering new destinations, and getting inspired for your next adventure.
A nice and great video. Thanks a lot for the valuable information
Thanks, Ken, for this wonderful video. This place would be lovely as a holiday home 🏡
Thanks for watching 🙏
Thanks for showing parts of diff country which not many youtubers show
looks like a great place to get out of the hustle and bustle and chill for a week with the fam
Yes many people called it ghost town. It is busy on the weekends as johoreans and Singaporeans visit the place. I believe the special economic zone includes forest city.😊
Very easy to revive this place for Singaporeans, put in a huge mall with beauty, massage parlors and food, surround the place with car workshops and car wash and even more food and that is an instant formula to attract them.
Love this video! It is such an interesting place. Never seen a place like this.
Ken
You have produced a good video about Forest City.
I have an apartment in Forest City and visit my apartment regularly.
Regalia Park is a condominium, not a hotel.
There are many condos in Forest City and they are called "parks".
There is only 1 hotel in Forest City island, and you have stayed there.
@@kinlian would love to go there from KL for a holiday. Any seafood restaurant or die die must visit restaurants to recommend?
Ken, I like your honest review rather than exaggerated videos of many vloggers...that's the beauty of your videos ❤
🤣🤣 whatever Wumao
@@willsmith39 Your tears are delicious.
@@willsmith39😂do yourself a favor - Liked yr own comment 🎉😂
@@willsmith39100000000000 cia points
@@mazin9193You guys always make it obvious 🤣Everytime I see someone call out an obvious Wumao, no one denies anything and y'all just say the same silly insults. At least try making ti less obvious
Welcome back ken
Thank you, Ken for your video. Will be there soon to enjoy the beach and delicious Malaysian food. Was there last year just missed the forest city.
Very interesting place. I'm thinking it would be very relaxing and calm to live there as a digital nomad for a while.
Thank you very much for sharing this cool tour of Forest City, a place which l haven't visited even though l do visit my youngest sister and family who stay in Johor Baru. To be honest, she hasn't been there too 😃 Well, Forest City is in fact a very nice, modern and quiet place with lush greenery around. The properties there are way too expensive. Anyway, l'm pretty sure this city will flourish in the near future. Your hotel room is cozy, spacious and comfortable with a beautiful ocean view from the balcony. As always, another great video with great content... informative and fun to watch. Bravo, Ken.
I have stayed in the hotel for a few time. I love staying there for a holiday. Just relaxing and chilling in my hotel room. Because of the greenery, the air is fresher there.
❤The sky is beautiful. Tks for sharing. Beautiful
wow, can't believe you find it,so interesting
Actually a few months ago i already saw a few western youtubers already record it now one by one follow it to gain viewers by the title
@@yunytotoro7184propably the ccp invited a few UA-camrs to boost the popularity of forest City after China is struggeling to recover from it's intense covid restrictions
Terima kasih ken for giving a different perspective on forest city, Malaysia
Hello Ken,
I stay in Johor, and honestly, Forest City is my favorite place here because I can access beautiful views from the balcony and admire the architecture around the city. Yes, it's really expensive for locals to stay here because we're not their main target. I have a lot of friends who live in Forest City, and I've been to their houses a few times. All I can say is, AMAZING. I don't know about other people, but as an introvert, I would consider staying here. However, the downside is the lack of a transportation system around this city. There's no shuttle.
Pls be informed that there is a shuttle bus in the forest to run through sunway big and bukit indah. Besides, there is also a public bus to Singapore. You can find these information through the official website of the forest city
I think it was a missed opportunity to build a metro or tramway system. I noticed lots of cars parked, and the place is still not full. It will be a parking nightmare when fully sold out.
@@namelesscynic1616 Maybe they will build one by then? Why are you going to build metro or tramway when there isn't really many people to use the system? It can only be done when you have a completed city, and you know what is the demand.
thanks,this is a wonderful episode,i like this kind of vedio.
Beautiful land and people. thank you for sharing
What people bruh😭💀
Ken, you should visit Ordos from Inner Mongolia province in China. the city was also called ghost city by the west media, but now it's super smart, clean, safe city.
Hi from London. I have been following your travelling videos, and now finally you are visiting my home town, Johor Bahru. Welcome, Ken. Eat lots of yummy local and Chinese food, and enjoy the heat in Malaysia😅
What heat?! Come visit Middle East and you'll never complain of SEA weather again...
In Johor, the weekends are on Friday and Saturday. Most probably those people at the beach are either Singaporeans or out of state tourists.
It’s not abandoned, but rather it’s just underpopulated for now..
yes... just like Detroit.
For now? How long should it take to fill a $100 BILLION dollar investment before one accepts it’s a failure? With only approx. 1% of the current city filled, it’s a financial ruin!
@@johnsmith-cw3wo Detroit is a whole other story. This place looks well kept.
Unfortunately the MCO which was caused by the covid 19 shut down but now slowly things are getting better and definitely will pick up again in the near future.
Good job you debunk the negative vloggers who dont even been there.
👍👍👍👍👍👍👍👍
China's clamp down on citizens investing overseas also hurt.
Yooo!.. Ken... Back in Malaysia again, Pretty much like a 2nd home here.... and in state of Johor , Cheers mate!
That's crazy a few days ago I saw another dude's video on this city and now ken the man too
Another great video Ken! Thanks!
Nice video! Thanks for bringing us there.
Great content, great video, thanks for sharing. ❤❤❤❤❤❤❤❤
Looks very well maintained too. Was there early days of the development. Magnificent city when all developed. Your video so interesting and your narration so easy to understand. 😊
As a foreigner, the minimum investment required for any development in Malaysia is 1 million, whereas a local may only need to invest 400,000. This significant difference highlights the financial barriers that foreigners face in the development process.
It also highlights why it will remain a ghost town. $200K USD for a 2bd with that much over supply is a robbery.
There is a city similar to the one in the video is called Hengda Venice Resort, an hour's drive from Shanghai. About a decade ago, living projects for vacation purposes were popular in mainland China, and Hengda Venice Resort is probably the only one of these projects to have been completed and sold out.While most of the other projects of the same period failed due to promotional fraud, failed to complete construction, and failed to sold out(like Ocean Flower Island). I live in Shanghai, and many Shanghai elders choose to vacation at Hengda Venice Resort in the spring and autumn seasons. About 20% of the housing there is occupied by people on a long-term stay, not just a vacation.
Forest City failed because it was advertised in the early days that you could get a Malaysian passport if you bought a house (which of course was a fraud that never came to reality). Another reason is that mainland China banned individuals buying overseas houses as investment a few years ago, and some of those who bought Forest City were "notorious" individual investors in China.
Hi, Ken.. Your honest review is highly appreciated, not like some other guys just trying to use the word GHOST TOWN to attract traffic, yet misleading their fans!! We were just there exploring last month, totally agree with what you have reported. Great job, Ken.. The only challenge for this development is just that the selling price has been much higher compared to the average price in whole Malaysia. This will sure slowing the developing process in the long run! Anyway, its pricing strategy might not be wrong a decade ago, but it's quite sure out of range looking at the world economy now and next 10 years!!! If it misses the development timing for the next 5 years, the whole development might be negatively or badly affected!
The project was a speculative development which is owned by Country Garden and the Johor Government. Like many speculative investments this one has not quite turned out as expected. It was intended to be marketed almost exclusively to mainland Chinese who wanted overseas investments but then both the Chinese and Malaysian governments moved to restrict Chinese investment in Malaysia! This is why the shops and staff were largely Chinese speaking.
Looks like a wonderful place to vacation, I definitely would go there just to chill and enjoy the sand and the ocean. I think this is a newer video, I need to go back and catch up but keep up the great work, I am really enjoying your adventures.
Though called abandon city/ghost city, the town re so well kept and look so peaceful. The greens and peaceful vibes remind me of Taiping but more modern. Give it few more years to develop it will be a great city to live in
That upkeep costs money. Without the buyers to fund those monthly fees, maintenance, security, and other services will begin to fall by the wayside. The developer was funding those costs out of pocket to maintain the illusion because it would be impossible to sell units if they place becomes derelict, but now it's in bankruptcy court after it defaulted on interest payments in October 2023.
Developments such as these depend on people buying off-plan, i.e. before ground is broken and whilst construction is on going. The longer a developer goes without pre-completion sales and their down payments, the higher its own marketing costs, maintenance costs, and interest costs.
Welcomeback my brother !!!
You are restricted from buying resale, but can easily buy new. Those who have bought are also restricted in selling their failed properties to you. All of them are stuck, its due to the country's policies for properties. However, the developer still wants to sell its remaining units to cut their losses. So yes there are many tens of thousands of units available. But you are only allowed to buy from the developer which is going bankrupt. For those who have bought they are 'not allowed' (reasons, you find out for yourself) to discharge themselves by selling their units to you, they need to continue paying property taxes for the rest of their lives. And if they stay in Malaysia for too long they will be issued fines of up to $700usd per day.
On August 25, 2023, Malaysian Prime Minister Anwar Ibrahim declared that Forest City would be included within the Iskandar Malaysia Economic Zone as a Special Financial Zone to enhance its competitiveness.
Aug 23, 2024: The Star news:
GG56 Korea to invest US$1bil in Forest City to develop Malaysia’s first K-culture town
No K crap please??? Build a normal town
Great informative video. So Forest City is not dead.
Ken,positive view ....like it
Nice report. Clearly it is not a failed effort.
If you can edit your English headline, I suggest putting the word [failed] in quotes to show you're quoting others by using that term. So it would look like this:
I Explored China's "Failed" $100 Billion City in Malaysia
Tqvm Ken..this is very informative..you explore this area n give us nice review!!
Probably the locals living there are working in Singapore. Otherwise, as mentioned, the shops and restaurants are geared towards Mainland Chinese, not so much local Chinese/Malay/Indians. Malaysian generally prefer landed houses. Most Singaporeans would also rather buy landed houses in gated communities such as Horizon Hills in Johor as those in Singapore are too expensive for most to buy.
It looks very nice. I would like to visit one day, but I wouldn't agree with your comments about there being a lot of people around. Maybe if comparing to a ghost city. I wonder what the construction quality is like.
Ken, you are a legend ! Lol 😀
看到那些餐厅超市，仿佛是身处China town
期待你接下来的旅行视频
加油 肯高飞
I love this video and am quite amazed you managed to tour and video this huge development as a foreigner oh gosh !! in such a short period of time with that electric scooter!! this is really unbelievable This forest city is actually very beautiful and well-developed by the CHINA DEVELOPER. Unfortunately, most units are sold to foreigners or the Chinese and they do not live here. I stayed in that hotel before and a security guard was waiting at my floor at 11 pm when I returned from my dinner elsewhere. Greatly appreciated :) lobby light was half turned off and the basement carpark was in total darkness at that hour, I saw the security guard cycling I was speechless but felt safe to be there.. 8 years ago..
'Yes, I do'. :) Great video! Makes me wanna visit Forest City with my partner soon.
It does not look like a failed city - it is clean, great infrastructure, plenty to do. It will be full of inhabitants in the near future. Great video!
If the price is right. But at current price, ordinary Malaysians couldn’t afford it.
1st, they must improve security in JB
2nd, build infrastructure and provide public transport
3rd, remove corruption
Etc....
ahahahaha, it has been there for many years. it was corrupted by the chyniz
it's clean because it's new. Maintenance of such big area is not cheap and if they won't attract the area for more people it can turn dirty very fast.
again sub human iq take
welcome back to malaysia ken!
The location is really good in fact, you can go easily to Singapore or Kuala Lumpur by bus.
It's need a bullet train station and a harbor to be fully connect
Thanks for posting this video
The developer - Country Garden is broke, unlikely that malaysian govt. will put much effort to this place in the middle of nowhere. Good luck to all those who have invested, maybe their grandkids might see benefit from it in the future. After so many years still not many people around. Streets are empty.
You are finally home! Welcome back Ken😊
Thank you Ken for showing me the real story about Forest City. I am very impressed with the very well maintained gardens, roads, security, green spaces, beaches, shops etc. I was all this while thinking that the place was abandoned like many of the downtown areas in American cities. The western mass media including those in Australia really really know how to do fake stories.
Thank you again because you have helped me to stop looking for the true story.
Well come back to Malaysia Ken!!
Apa khabar Ken! In Singapore, we have a good view of forest city from Tuas in Singapore, especially during sunset!
It also looks so much greener than Singapore!
Love this kind of content, interesting vid and place man! 🙏🏻
60% owned by newly installed Malaysian King (from the state of Johor).. He's anticipated to continue to develop the progress..
Impossible to revive this and let alone continue to develop the progress!
the trouble is the Malaysian middle-class is not increasing or are they being choosy??
@@wht8349😂😂 How about sell apartments at 50% discounts?
The king (sultan of Johor) doing business? That's Malaysia!
@@ainonali3195so what is the problem? The king do business so he wont take the Peoples tax money. So you chinese traitor to Malaysia Land want to start a Racist card war?
Who say it is ghost town, it is built to cater old folk from Singapore and China. Foreigners has to buy apartments that cost more than 1m, local residents are half that price. This city will be developed stage by stage and will serve as gateway to Singapore residents.
26,000 units unsold. In relative to what it supposed to be, it is a ghost town.
Soon high speed train from Singapore - Kuala Lumpur will have station at Forest City. 😎
Great and informative video. Thanks a lot for sharing.
Can I suggest Sanya Hainan China to you, very tropical and great seafood. Great to see a video of it
It's on my list to visit later this year 🙏
it is not a ghost town. There are people living there and people started moving there. It was selling well when it started but china started blocking overseas outflow hence causing many chinese not able to purchase. While covid cause much of the ghost town link, however, since the opening, people have been moving in for either rental or getting their keys. Despite all the issues, the place have completed the buildings and maintained well compared to many condos around malaysia. But as it is, there are many occupants and some of the carpark is full for some of the blocks.
Oh my goodness, I heard a lot about this " Ghost City/ China's failed City" but this is the first time I have a good look of it thru this video.
I thiught it was just a concrete dump but WOW it is quite amazing. Never realised such a grand plan in Malaysia.
But I do agree that the 2 bedroom apartment at RMB1 Million is too much. But for a prepare cool city, this one is rather nice.
I hope Malaysia all the vrry best and keep rising & developing.
Satu bangda, satu suara, satu negara.❤
The place does not look like Malaysia at all, but a transplanted city from China. Look forward to watching the new series about Chinese communities in SE Asia. Safe travels.
really 😂😂😂 I don't see any difference
You must be from Wakanda or from other planets.
Ken, those Nepalis u met work inside Forest City!
Great video 💥
It is not a ghost city! but a " Failed Residential Market Project". Many Chinese investors lost millions from this project. This is now a tourist site for families in Malaysia and Singapore. You can only call it a ghost town at night as the buildings hardly have residents.
How they lost millions in this project? You mean they bought it at a million and sold at zero ringgit?
Seems like a good place if you want (really) peace and quiet. It is spooky at night though, as there are no vehicles, no people.
Not sure about the quality of the buildings though.
Edit: A lot fewer people here years before the pandemic. Got even worse during the pandemic. Got better when media took notice. Still fewer people compared to outside of this area.
This is actually a failed project of Country Garden. Due to the downturn in China's domestic real estate, this project has also been greatly affected. However, it is said that the Malaysian government is preparing to move some administrative units to Forest City, so it is possible to reactivate this project.
This happened before the downturn.
The failure is partly due to China's sudden restriction on the outflow of capital, thus preventing many prospective buyers from purchasing a unit.
this is so nice, i am Indonesian, i would love to buy one unit here 😂. It's near Singapore and it's in Malaysia which is also near Indonesia.
Lovely, nice one Ken ,:-)
Tqsm ken. U showed the true forest city. Very nice view n city. Feel like visiting there.❤
They expect it to be full of Chinese buyer but it got a lot of fight from the local that doesn't want more Chinese influence in that area.
The causeway across to Singapore is no joke man, it takes ages toget across it. I'd live in this place only if I was working in JB.
Forest City looks like a pretty soul-less and depressing place. Other much more interesting (and cheaper !) places to visit in Malaysia. Don't think that I will be visiting Forest City anytime soon ! Thanks for the insightful video though 👍
This is a really interesting episode, digging into things by person to find out the truth is bravo. I enjoyed watching it a lot! Looking forward to your next video.
From what I see from your video, the hotel exterior,interior ,design and view of the sea..well I can say this hotel is much better condition than many other hotels
Great video!! Lot of Great information then a few others I seen on this subject!! Love sky!! 10 out of 10!! Cool place 😎.
hello ken, u back malaysia! welcome to johor!
Terima kasih💪
amazing sharing thanks bro!
I like that place, is good for vacation or spend time during holidays! Though I think everything there is more expensive compare to average Malaysians. Thank for for showing this place. How to go there? Are you landed at airport from Malaysia or Singapore?
Airport in johor bahru ✌️
OMG.. u are back.. ❤