Inside a Chinese "Ghost City" in Malaysia | China's Real Estate Crisis | Vantage with Palki Sharma
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- Опубліковано 26 сер 2024
- Inside a Chinese "Ghost City" in Malaysia | China's Real Estate Crisis | Vantage with Palki Sharma
The Forest City in Malaysia was supposed to be a paradise on earth.
But the Chinese project is now being called a "Ghost City".
The occupancy rate is at one percent.
Country Garden - the Chinese Real Estate giant behind the project is in trouble.
Palki Sharma tells you more.
Also read: www.firstpost....
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Malaysia | China | Ghost City | Forest City Project | Country Garden | Firstpost | World News | Vantage | Palki Sharma
#malaysia #china #ghostcity #forestcityproject #countrygarden #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Can the Chinese economy recover?
Leave a comment and let us know your thoughts
Recover?... It has never collapsed. 2023 gdp is 5 .3 % among the highest in the world.
Can it recover? Definitely.
Will it recover? At some point, probably
@@donaldmaxie5264 it did not collapse so its still healthy
hell no as long as there is the dictator Xi
its not at all related to chaina
Media Malaysia tidak pernah memberitahu apa yang berlaku di forest City.. Tahniah anda telah membongkar projek yang telah gagal ini
Mahathir halang project ni. Thats why .
Ini hanya propaganda pihak tertentu yang ingin Malaysia kekal menjadi hutan belantara dan mundur
Read more.
Projek terlalu besar untuk rakyat johor tapi syg..projek tu untuk org asing..ni la akibatnya gilakan keuntungan akhirnya merugikan sapa yg melabur..skg cuba untuk dipulihkan..masih tidak berjaya..dichina pun ada projek mega mcm ni..kecuh 1 dunia projek gagal dh pun diruntuhkan..taka sangka negeri tu boleh lak buat menda yg sama gagal..ni la akibat nk cepat sgt maju..terus jadi mundur..😊
Not surprised
Only greedy will trap
The Forest City in Malaysia is from what I understand outside of mainland Malaysia. In fact it is built on reclaimed land from the sea, specifically built for people from China. So Malaysians dont really care about it or are affected by it. Thats how much I know about it.
Wrong
Im from Malaysia and its true. No Malaysian cares about Forest City. Besides Malaysia does not make money from that project. Besides the loans of Forest City are taken in China and not Malaysian banks. The only reason the Malaysian government is helping is because of the state government's tax revenue and not because of the Malaysian government itself.
Hoax
It's true. It's on a land reclaimed from the sea. Built by a China company for its people who wanted a residence in Southeast Asia.
nigerian comment@@WoBuXihuan
Went there, it was beautiful with kids friendly water park. With less demands, rentals are cheap😊
Rental cheap. Cos no one's like to stay ther
@@JamakiahEckert-uh7xw good thing right
@Nawzayssss looks like ghost 👻 house. I wouldn't like to buy or rent apartment ther. In johor. In the night is scary 😨 to me. Sure if you feel peace down there. Why not.. I rather to live in zurich Switzerland.my life
@@JamakiahEckert-uh7xw superstitious shit
@@Nawzayssss whatever shit in malaysia
Recall when this project started. I was disappointed that Malaysia would pollute this beautiful area of the country since eco tourism could bring in tourist money. Malaysian government, fairly racist towards their own Chinese who are the backbone of the economy along with Indians, didn't need luxury housing, it needed middle income housing. Did China scam Malaysia or did Malaysia scam China. Wealthy Chinese from mainland have settled in Singapore, squeezing Singaporeans out of affordable luxury housing at the higher end.
Racist rabbit
Malaysia policy is based on race. U get special privilege by law if u r bumiputera. Singapore was formed due to this policy.
who is picking up the tab for this failed project?
Callcenter scammer spotted
@@user-qz7un9ch9f
Belt and road loan shark spotted
More countries are suddenly realizing the quality of Chinese projects. Now they want their money back
Quality of The building's aren’t bad but The project hasn’t succeed yet
So now they can seek inspiration from Indians on how to live in Sla ms. 🇮🇳💪
@@saanjanibaar8085Chinese bot spotted 😂👆🏽
Funny, no one knows it belongs to the Malaysians, not China.
Nah not really. In the USA also the same. Due to high-interest rates, how many empty offices, malls and apartments are there? Can people afford to pay for those? no.
GDP per capita:
China = $13,600
Malaysia = $12,800
India = $2,300👈
Note: Most Indians think they're smarter than Chinese and Malaysians 😅
If only GDP were the criteria for intelligence...Copycat dumb CCP puppet...
Your comment as how's how smart you are! Where on earth GDP becomes a measure of smartness! You sure are a Chinese bot
Malaysia is over 13000
Souce :cyna 🦠 bot 😂😂😂
@@whysoserious7553can’t handle the truth so resort to calling others bot? How is Singapore, China, Taiwan, Malaysia average IQ rank higher than India? Stop eating too much curry maybe you’ll stop being sour grape and be smarter😂
China's 'tofu' buildings are crumbling due to poor quality construction. Why would any country rely on Chinese built high rises.
India Curry Infrastructures Trade Mark "Collapse Under Constructions" 😋😜😁
@@sosipin2000get lost u corona virus 🤢
So now they can seek inspiration from Indians on how to live in Sla ms. 🇮🇳💪
That tofu stories was many years ago. Considering the recent caving in when the Indian try to dig a tunnel. It show the sub standard of India building project. Where is the India HSR . So many year has gone. Yet only a few kilometers of track completed.
@@Tom_D_Harry so called Statics of western propaganda .. hope u be successful 🙏🏽 fk of from indian channel it show how much u guys hate my country dont care about ur ill comment . Day will tell
I haven’t not been to Malaysia. But after seeing this report, I believe Malaysia is a cleaner and safer place than India.
Yes, my country isn't clean, so are many others . It is our problem and we shall deal with it! You can stay where you are.
Malaysia is safe and offers investment opportunities where the govt respects foreign investors and regard its good reputation as important...
@@ss-db8ie Where is your country? Did I say your country is not clean? Did I say any country is not clean? I said number 1 is better than number 2.
@@azmanrahim9226 malaysia is radical islamist country. Any country with radicals has early saturation limit by default growth in Islam is Haram.
@@bv6168come on, its not radical muslim country. Islam is an official religion in Malaysia but other religions are allowed to be practiced. Its a multifaceted multilingual and well mix races.
Imagine 99% of vacant city 😂.....u r lucky if u see ur neighbour ,,, i m loving it 😂
Sure. Empty everything sounds, well…. Pretty empty
@@ronoconnor8971
Peaceful environment ! 👍
Forest City is doing great and still being built. Forest means heavy vegetation, wild creatures/critters, few people, dark places and possible hauntings. More will be residing here, more lizards, roaches, ants, macaques and dogs etc. FOREST city. Not City Forest okay? Give it a few more years and you will see a REAL FOREST.
Unfortunately, thanks to Tofu Dreg construction, these buildings require millions of dollars in maintenance every year, or they quickly fall apart. And that's in the mild weather of China, not right near the equator, with its weather extremes.
@@tsubadaikhan6332
Funny fake news ! 🤡
Malaysian almost can't afford a house rent. But, the government already greenlight a mega project like this.
Actually Forest City is a 60:40 joint venture project between a mainland Chinese private company and a company owned by the Johor state government.
That is from ownership views. while talking about construction, it also involves Sporen companies also. Sultan Johor has good relation with Singapore😂
So it's not really a "Chinese city" ghost or otherwise.
@@archie8388 In your own comment you mention they own a majority stake in the project. Know what that means? 🤦♂ If the project was successful then we all know what the comments would be like. There would be no mention of partnership then lol.
@@Peter-be5lo If the project was successful then we all know the sour grapes would be saying nothing! . We all know that China has made many achievements not only in economic and social development but also in technology including space exploration, electric batteries, hypersonics, quantum computing, advanced radio-frequency communications such as 5G and 6G, biotechnology, AI, etc etc. According to a research paper by the Australian Strategic Policy Institute published in August, China leads the West in 37 of 44 critical and emerging technologies. The World Bank reported last year that China has lifted 800 million people out of poverty over the past 40 years, contributing close to three-quarters of the global reduction in the number of people living in extreme poverty.
@@archie8388 Sour grapes sure. But on this channel there are videos where she has talked of the successes as well. Like the one on huawei's semiconductor innovation despite US ban or the 'artificial sun' fusion reactor.
You are just watching videos like these and making your conclusions thinking no one is aware of the good. The rest of the world is free to access multiple sources of information rather than sticking to one source alone. Why? Open internet.
Does being successful mean you cannot highlight what went wrong? Or raise questions? Might work like that where you are from.
Majority of buyers of condo properties in SEA are mainland Chinese and this trend has been happening in the last 20 yrs.
May be so but Chinese arr now in trouble kind rgds
@@prasadpanicker3047
Started in 2016 ... after Trump imposed unjust tariffs, sanctions and embargos against China .
Are the mainland Chinese buying properties in Indonesia? I think they are only buying in Singapore, Thailand and Malaysia. The rest have minimal mainland Chinese property buyers.
That's your problem for relying too much on China, in the Philippines Majority of the buyers are locals. 😂😂😂
@@prasadpanicker3047the jealous underdog is barking
DW news has already published this news 2 weeks back. thanks for posting it again
This was not a problem with Chinese Real Estate. It was Mahatirs issue. Most Singaporeans would prefer to stay there if there was a hig speed Rail Link to Singaore. Only Mahatir is to blame. Singaporeans have to pay over 100K$ (lifespan of only 10 years) for the cheapest car and over 2 to 3 million $ for a landed home. Singaporeans would have grabbed all the units if only Mahatir did not screw everything up for the project, who abandoned the rail link and cost Malaysia huge penalities. Both Singapore and Malaysia would have won.
Why would one need a high speed rail link from Singapore to get there, it is right across from Singapore?
Paiki Sharma is fabricator of anti-China lies. Most Singaporeans would love to own a unit there if not for a Malayalam descent PM.
China stopped allowing loans for foreign property purchases. It was called a ghost town even before he got into power.
@@mythbusterthe6749🤡
@@RK-tf8pq you can literally jetski to singapore from there if you want to. hence why speed rail link was in progress til it wasnt. what can you do? Malaysia is not friendly enough for foreigners to own a house in. sure you could, but you pay 3x if not more compared to it's actual price
Its not easy for china chinese to get long term visa into malaysia and chinese malaysian citizen is not part of bumiputera hence having more china chinese to reside in malaysia is not what the malaysia gov wants.
Its second home for the super rich and famous Chinese people from mainland. Where buyers invest certain amount of money back home, they get a free unit in Forest City.
😅
it will be the place where Xi and his crew flee to
when China's economy collapses.
The project got killed by China claming down on their money flows and Mahatir disaaproving of the project and stopping sales to foreigners. Only selling condos to Malaysians effectively meant the project was dead
Then covid came.. then no mainland chinese came… then slow economy… then .. then u get ghost town.. padan muka..
Malay ghosts live in that city now
@@WoBuXihuan
Chinese fear "No Money", don't fear ghost 🤣
Very poor reporting on Forest city. The project died years ago as 1 China clamped down on money flows out of their country and 2. Mahatir government put a stop on sales to foreigners. How are luxury condos to sell when it's only for Malaysians???
Overall this felt like a report from 2017....
Interesting India facts - 926 assaults on women take place every day in India this includes 106 cases of "brutal sexual assault sexual assault on women".😧
If Chinese people claim all Indian men are bad then why do all Chinese women have kids with Indian men in Chinese majority countries such as Singapore Malaysia hongkong ? Our hot dog is better chenk 😂
While in Philippines real estate is a win win specially in Luzon area
Forest City = Concrete Jungle
Lots of trees and greenery
better than trash dirt jungle of slumbai
@@firdausidris6367better then wumaos like ur mother
Indian media always give bad report about China. What have India done to developed other country....NIL..China still have mega project in Malaysia like the ECRL ( East Coast Railway Line ) costing billion of dollars....this show how jealous India with China
Problem is skycrapers has only 60-70yrs of lifespan if those building will not being occupy within the 10-15yrs. The value will downgrade and will become less popular among people who want to buy condominium.
The real problem is, its way too far from the city where there's already alot of people. When it's in a far away deserted area, who will stay there, who will live there? Worse, it's a high class expensive place. Only investors will buy rhe place, but no one is renting or buying from the investors.
hi, why 70 years? Can you please provide some articles on that. Thank you
@@frankt.1391 just search it on google
Getting a job is almost mission impossible now with the foreign workers is literally flooding in by the hugh wave . Let alone owning a personal apartment with very high interest rate.
dont forget the monthly maintenance fees . i bought a low cost apartment 15 years ago and now the maintenance fees is RM300 because they need to fix the water tank. last year it was also rm 300 because they need to paint the buildings. Next year i think they going to maintain the rm300 maintenance fees because the swimming pool needs to be fixed. after that the lifts will need fixing :D
@@asherslife9400 Let me take a guess there's a lot of foreign worker living there to. As if the local isn't troubled enough.
So sorry that is happening 😢. Poor Malaysian people .
@@ZzXZ636 It's hard to get around now because the local road is always busy for somebody's looking for more than they can chewed.
@@bujangtue1557 I had no idea Malaysia was like that . 🥲
This project was not backed by Malaysia Gov, it is a JV between private company in Malaysia & China.
Lmaooo it's backed by Malaysian Government. The government gave permit and permission to build this 100 BILLION DOLLAR city. Malaysia is an Islamic country but trying to be look like China. Don't be like Singapore.
@@seandee5342 Gave permit and permission is NOT the same as backing. It is approved by Malaysia Gov but it is not backed by Malaysia Gov. Backing mean funding using tax payer money or Gov gave guaranteed on the loan or Gov owned company JV. Look at ECRL project, it 's fulfilled the criteria as being backed by Malaysia Gov.
@@seandee5342 Lmaoooo how old are u can't different between gave permission and funding on the project? how old are u?? i don't want to debate with someone who has 5 years old brain
@@seandee5342supported by Johor not federal....and especially not by Mahatir gov who put the final nail in the coffin
@@PeaknikMicki That's true. iinm, at one point Malaysia Federal Gov even sabotage the project by making it harder for mainland Chinese to purchase those properties. Too many ignorance people have assumed that it is a JV project between Malaysia Gov & China Gov. LMAO.
Why there is so many homeless people in China?
Homeless peoole in China? Have you been to China...
@@alyasagan3620 you should look into it.
Yeah, there are many Chinese cant afford to buy foods. Most of the.go to US borders illegally
Haha no food? China is not the one positioned at world 107.😅😅😅😅😅😅😅
@@zeetvisascam3443 China hides everything but When they can all the snakes and crickets and cats and dogs..I am sure they are not hungry.
This project actually makes alot of sense. Singapore is highly densed and expensive. Just across the causeway, you can live in a large unit in a tranquil area for maybe a third of the price and at affordable cost of living. Those that dont need to be in singapore on a daily basis eg only once a week, can easily take a bus/train/ taxi. However, the kickbacks and mysterious deals made on this project by the previous government was unpalatable by the masses which doomed the project.
Same will happen here at india. Many are juat buying flats in suburban area and all those flats are totally vacant, as buyers' investment ! All over the years the buyers will just get a inflation adjusted ZERO returm and die happily but confused 😂
Don’t know the relevant underlying issues ~ just a bundle of nonsense.
The Forest City project was a MM2H status project; whereby China Chinese were allowed purchase with permanent residential status, approved under previous,previous Malaysia government. However, the ruling party lost the election and the opposition leader Dr M, whose personal vendetta against the Malaysian developer and his anti-Chinese mentality(This Dr M as Prime Minister said-“the Malaysian Chinese are not Malaysian enough as they chose to use chopsticks; unlike the Malays who use their “right” hand to eat, the Malaysian Chinese refused to integrate into the Malay culture”). Being so, as PM - the geopolitical movement revoked the MM2H of the Forest City project, and implemented a high threshold requirements towards the present MM2H(My Malaysia 2nd Home) status. Then, there followed the Covid-19 situation.
The state govt got bigger plan for Forest city. Purposely leave it empty for now.
Empty in Malaysia because there is still a problem with legislation and agreement... Once it is settle it could boom once the government come to assist..
when did the government ever get moving?
@@crystal2484let’s hope the revived HSR talks will materialise and get this moving
@@irone7050 still won't impact much coz Forest City is too far away.
still much better than slums in Mumbai
in china/malaysia there are more homes and less home owners, but in india there are no homes and people still sleep in the roadsides. Palki, please worry abt this also. Dont always peep into other country and be proud of yourself. I am a indian. dont think chinese or malaysian. Palki and Firstpost cant sleep peacefully without shaming china in a day. go ahead, but at the same time please worry about our country first and put some videos on how many people are sleeping roadside and why they are sleeping and who is responsible for it.
Unstable Govt make it difficult for people to buy & invest in Forest City. Anything can happen, when another Govt took over. Policies changing every time new PM in Malaysia. Hopefully things will be Ok in coming 4 yrs.
This is the problem of having too many houses by an individual in China and so this has caused the end product here too. Just wait until all the High-Speed trains and the new ports are completed.
Beautiful seafront should be left as it was. Could have made this place for sea sport. Tourist would enjoy
Well, I always believed Singapore was part of making this project fail. I also remember when Hong Kong started social unrest in 2019. Mr. Lee of Singapore went to the White House and discussed how young people's protests wouldn't be good in the long run. Now, Hong Kong and this project failed. Singapore is the winner.
The project got killed by China claming down on their money flows and Mahatir disaaproving of the project and stopping sales to foreigners. Only selling condos to Malaysians effectively meant the project was dead
Singapore has nothing to do with this Forest City at all. This Forest City is a joint venture between Esplanade Danga 88, an affiliate of state government subsidiary Kumpulan Prasarana Rakyat Johor (KPRJ), through a joint venture, Country Garden Holding Ltd (CGPV), with CGPV holding 60 percent of shares, while KPRJ holds the other 40 percent. They only used the word Singapore probably to attract buyers since Forest City is close to Singapore.
Hong Kong is not even related to Singapore but it is related to China. Should blame China and not Singapore. Singapore is an independent country which has no relation to China as well. Both Forest City and Hong Kong matters are not under Singapore responsibility.
Your logic is just full of assumptions. Where is the proof? If you can make outlandish claims like this, tell you what, China can also jolly well say India is part of China as well
China is reform the real estate developers , in futures there will be no more unreliable massive project like this one. No massive bank loans for real estate all will be reduced to a certain level that can be maintains.
maybe it did not attract buyers simply because made in china must be tofu project their investment might lost. That mentality of a substandard construction of china.
i live there. its not because of the quality. the quality is tip top high end quality but the price matches the quality thats why :D
Honestly this a master plan by state government and the Country Garden but was derailed by flip flop central government on foreign ownership and MM2H policy.
At least it's a well-maintained ghost-town.
It's not a ghost town. It was well facilited and a HSR will be built soon. Furthermore, the government declared it's a financial hub zone.
HSR will be built there soon? Where is the project tender then? 😂 besides Malaysia hasn't even paid the penalty to Singapore for breaking the agreement to build the HSR and Malaysians in general oppose the HSR, saying that it benefits only Singapore
it can be used as a set
in an upcoming zombie movie.
@ 1:55 the building seems to have cracks and plants growing near them.
I'm not sure if it's because of bad construction materials used or deliberately done but it doesn't inspire confidence.
Funny propaganda.
Those are not "cracks" .
They're patterns formed by rainwater on the building's facade .
Palki hoping so much there r this kind ghost town in her country, bcoz many Palki' sis/bros lack of proper shelter...😢
Why.. those giant developers not interested came to Palki' country??😢
Palki's country building better than crumbling xithep00h's dreams 😅
@@untamedVagabond definitely 👍
Since past decade, Palki used to said "super power curry2020"🎉🎉
Its so famous all over the world, none country to compare 🥳✨
@@nikolas_5629 since past 5 years xithep00h wanting to be chewwperr poower.. nothing happening 🤪 nobody wants yuan, companies going out of shanghai.. why why?
@@untamedVagabond Palki several times whinning bout super curry crying when Russia refuse its Rupee & demand Yuan instead for buy cheap oil😭😭...
Our country already trade with China with our currency or Yuan almost a decade. Poor curry... Always felt bullied, but famous as big mouth..🙊
@@nikolas_5629 xithep00h boasts of infrastructure & tech. Still so many buildings collapsing in 10 years over chengdu and business running out of shanghai with their dear life!! In last decade so many w00hanV!rus came off from Xi. Why p00h why? No bat-soup?
i live in malaysia
need to tell you there is a local population in malaysia who are mandrain speakers they call them selves as chines and they are not
i see the same problem here
They are not what?
@@phillipchan6919 not chines
kind of mandrain speakers who think they are chines but they cant go to china
also some tamil speaking malaysia call them selves indian but have never seen india 🤦
@@iamanalyst4u You got the Chinese culture and the Chinese citizens mixed up. Chinese are a culture and way of living. A person living with Chinese culture doesn’t need to be a China national citizen. Chinese is a language, art, writing, tradition, and a culture. Chinese citizens is a national of the Government of China. If they are living under Chinese culture, they don’t have to be a national of China to be called Chinese because their culture is Chinese.
@@phillipchan6919 no cant agree
one of my mandrain speaker friend went to chaina and when he told there i am chines the authority asked him for id but he showed malaysian passport so the chines people told that guy u are not chines u are malaysian
@@iamanalyst4u The Chinese authorities are national of China. National of China are Chinese citizens. But, Chinese culture are worldwide. They don’t have to be Chinese national citizens. Citizenship are nations rules. But, Cultures are peoples rule.
These supposedly 'ghosts' cities are still much better than the slums in Slumbai, as they will be occupied in the near future.
exactly!!!!!!🤣🤣🤣🤣🤣🤣
Near future if they cant afford.if they cant is like china ghost building useless
Because things are meant for sale by rich people to rich people, slums are created by desperate people
ccp propaganda page spotted
So many so-called ghosts become bustling cities..China built it first..
we should also talk about the property bubble in india...@firstpost
There is no real state bubble in India but yes there is this Adani bubble.
@@dreamadventure8220 Adani is primarily into ports, airports, etc, which are critical for India's future development
The real estate in major cities are also built for surplus to extract more premium and the way these are regulated both financially and quality wise, we are surely staring at crisis. Political and builder nexus is key driving force similar to subprime crisis in US.
@@mlg1279 Not only that Adani are in Power transmission segment, Solar power , wind, In 2022 adani acquire the ACC cement and become biggest the Cement company, Adani are in defense aviation , Coal, Oil, construction company. Bro they are every where. You might be a great supporter of BJP but this kind of Oligarch economy is not good for country. Country is develop only when all people are develop. India already 5th largest economy but per capita income is at one of lowest. Wealth gap index is widening at alarming level. Politics is not a football match to pick one team and cheer on buddy.
@@dreamadventure8220 Who's stopping other businesses to invest in solar parks or new energy or R&D? No one. It's childish to grudge Adani or any other business tycoon.
It's not about picking one team, and cheering. That's a very simplistic and uninformed view of the politics of India. One needs to assess the alternatives that the voter has. It's very evident that BJP is the best among the alternatives - even if it is not perfect. Well, nothing is perfect.
I hope u will develop a more mature understanding of Indian economy and politics.
Cheers!
How cheap or lowest price can I buy one? I would love to buy one if it is very cheap. It is awesome to live in a quiet and peaceful area ❤.
Been thr, actually nice and clean place...
Stop making the earth barren with concrete
Everything in China is made of tofu except tofu itself.
It’s by far better to have the Chinese ghost towns than the Indian slums.
mind your business budy 😂😂😂 atleast we are developing. Not like your citizen waiting for ataa😢😢
@@user-br3dj7gi6n So you’re gossiping other countries and asking people to mind their business for replying your gossips? Indian logics are so funny. As for development, where is your bullet train? Can you afford a modern ghost town?
Even Indian slums making large money by manufacturing clothes, bags, etc.
@@sreegeethsreenivasan290 If they are making a large amount of money, then why they still lives in the slums for generations?
It’s better to have thriving living Indian “slums” than Chinese Ghosts
Built it ...while it cheap to built ....The Ghost city that most countries wish for.
It wasn't cheap to build. This whole island was built on reclaimed land, meaning that it was once the ocean with thriving marine life. Forest City is the product of China's greed and Malaysia's corruption.
Which country wish for it?
@@phillipchan6919 India 🤣🤣🤣
@@soragaming3653na we india reject this type of low standard building we have better one u can have it
@@25baam23 lol, go and build a perfect city first 🤣🤣🤣🤣🤣🤣🤣🤣
Malaysia's PM warned the Philippines of the Chinese debt trap. How come MALAYSIA GOT TRAPPED?
I don't think so. This is China new mega project in Malaysia ua-cam.com/video/7U1oLzODHXE/v-deo.htmlfeature=shared
Country garden & evergrande legacy 😂😂😂
Instead of doing ambitious project
or
announce the project, take up the booking, receive advance and start 1 or 2 buildings. In the way if you get some advance payment start one more. investment risk will be less, no interest rates, demand and supply will be equal, we also will know who are capable to purchasing it. less risk, no loans more profit investor can have peaceful mind. invester can complete the project and give it to customer ie you can keep up your promise, customer is happy, economy will be progressive overall people will be good and government funds will be safe( bail out).
everyone will be safe.
❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤ Palki❤
It's 30 min away from Singapore checkpoint. It may be inflated and unaccompanied due to price. Its will take little more time. Or there is some other issue like construction quality. Otherwise its very innovative project.
ha ha what about the American Zombies living on the streets of Philadelphia Kensington
Just copying BBC news.
Parrot the west
you build something to be used. Its not a monument. If its not going to be used, maintenance issues will crop up & the apts will decay. Authorities must get ready to tear it down...
Same in india where builders looted thousands and no actions.
This project have a future because it’s near to Singapore and it will be connected to KL and Singapore by high speed rail.
Theres like a balcony pool, i dont believe the plan is like that, know like ppl stand "outside" building then a Pool? Out of border of structure plan.
I couldn't live in any of those "cookie cutter" modules.
u belong to slums
Life in China is peaceful, how I wish more people visit China end enjoy the Chinese hospitality, the friendliness of people, the variety of food and the high technology/luxury everywhere around.
50 cents for you brother 😂
just sold your kidney ?
Is every far to go in i m staying near forest city
So you copied the report from BBC
TDY ONLY INDIA ECONOMY IS BOOMING UNDER BJP PM MODI JI LEADERSHIP ❤❤❤❤❤
It would have invited an influx of mainland Chinese which is a very sensitive issue for the local Malay population.
nothing wrong with this project to local people.. just a big worry to Singaporeans
Huh? We are not worried lol
Worried for what?
They our neighbours they can build anything lol
Sorry, worry about what? Your current Agong should be the one worried since he used his treasury funds to build this project.
And please answer, I don't know why Malaysians like to leave their answers hanging in limbo
Chinese are not local people.
law of supply endemand
which generally affects price
either the Malaysians can't afford the price set by the Chinese
or the opposite the Malaysians didn't get the right amount of product and service from the money they paid so they leave the property
Pks stay off Malaysia!😡😡we are 100 times better than Hindi bharata roti prata
malaysia is richer and way advanced
Bharat is also going to face the same issue sooner or later. Don't buy extra homes which will lead to the fall of the entire country's economy.
Great reporting 👏 👍
What is your conclusion?
This is 10 years back.. not a developer issue but legislation...the new government may revive it
Thank you Palki for good information which is very knowledgeable about global, appreciate if you can give us some knowledgeable information about India. God bless you.
dan bangunan nya nampak kotor dan berlumut.
Meski kita tahu konsepnya dengan kebun di tiap balkon.
thats not China problem if that`s what you trying to imply!? it`s a malaysian problem China just built for them! try again if you trying to paint china in a tight sport!!
Yes I'm Singaporean toilet to toilets crack watersip in down unit itr disaster
Yes, the previous Malaysian Prime Minister killed this project by cancelling it and stopping the Chinese owners from going in to live there.
"Fewer than ten thousand live here" bruhh that is too low for an area that big. This is a super huge loss. They really wasted that piece of land could have built hospitals or corporate based company buildings to create jobs.
Real Estate developers like Country Garden didn't expect U$ unjust tariffs, sanctions and embargos would've widespread effects ... including oversea investments.
@@peekaboopeekaboo1165 I don’t think your reply correlates to my point however I guess what you’re saying is general understanding.
@@myob93
Country Garden didn't foresaw Trump's Anti-Chinese agenda would, could affect rich PRC nationals from buying real estate abroad .
The project got killed by China claming down on their money flows and Mahatir disaaproving of the project and stopping sales to foreigners. Only selling condos to Malaysians effectively meant the project was dead
@@peekaboopeekaboo1165 Alright. So what you're saying is that this place should have been sold but now itis not due to US based policies against China? If thats what you're trying to say then I understand but no matter what, this developer should have also thought about the locals there instead of just PRC nationals. It would make sense if this building was being built in Singapore as the currency valuation could have been achieved by Singaporeans, but the price is definitely not for general Malaysians.
But still i dont know after 15 Years if anyone wants to do revenation inside the house how they will do in the high rise building. How they take all the building materials
This video and information is copied from BBC news channel.....
Atleast Chinese are building in many countries unless Modi India which is just lip servicing.
they are good at 'all talk'
It’s okay Malaysia Govt & CCP communist regime LOVING each other 😂
Better than what india do 😂
Yes 😂😂😂
I always doubt about china made things. I will not be surprised if all so called chinese cities collapse in between next 50 years 🤣🤣🤣
Isn't it creepy to stay at high rise apartments with scarce occupancy? I rather stay in a rural flat land.
It will be a better place for Indians
Indian’s should live here 😎😊 then it will not remain Ghost city
People are leaving China and Russia I wonder why?
They migrate to India because India is very rich, modern and peaceful...😂😂😂
the Chinese were only using boards in Chinese and English but not Malai.
Don't worry, in future the price will down. That time local people will buy it.😅
They could have donated to the US and the UK. They need affordable homes BADLY.
ลาว เขมร พม่า ควรดูไว้เพราะอยากให้จีนสร้างอย่างนี้เหมือนกัน
China is doing the same in Yangon and the apartments are bought by mainland Chinese . Too expensive for the locals to buy them. In Burma people prefer. living in their own plot of land rather condo.
These Chinese projects are never for the local people but for the Chinese to colonize SE Asia.
In a few more years we can play in this theme park like "Jurassic Park" with all the growing wild plants and foliage...lol
Waste of Good AGRICULTURAL LAND...😢
Better to build homes that are not occupied now than to misuse the money or have it depreciate through inflation. All those houses will be occupied in the future. It's still the best investment in a time of economic boom.