+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: Malaysia’s China-linked multibillion-dollar ghost town (/Thread-Malaysia%E2%80%99s-China-linked-multibillion-dollar-ghost-town)
Malaysia’s China-linked multibillion-dollar ghost town - [[ForeverAlone]] - 15-08-2022
https://www.youtube.com/watch?v=U1TYn0Y1v3g
RE: Malaysia’s China-linked multibillion-dollar ghost town - sgbuffett - 15-08-2022
Forrest City? Under country Gardens.?
I remember they already sold the units before they build so it js a ghost town but all the jnjts have owners already
?
RE: Malaysia’s China-linked multibillion-dollar ghost town - lvlrsSTI - 15-08-2022
(15-08-2022, 01:51 PM)sgbuffett Wrote: Forrest City? Under country Gardens.?
I remember they already sold the units before they build so it js a ghost town but all the jnjts have owners already
?
As most of the owners dunt live there and Malaysians can’t afford buying these expensive units.
RE: Malaysia’s China-linked multibillion-dollar ghost town - lvlrsSTI - 15-08-2022
(15-08-2022, 01:51 PM)sgbuffett Wrote: Forrest City? Under country Gardens.?
I remember they already sold the units before they build so it js a ghost town but all the jnjts have owners already
?
Heard when Chinese real estate agents sold every property in China, they gave a unit of Forest City for free.
RE: Malaysia’s China-linked multibillion-dollar ghost town - sgbuffett - 15-08-2022
(15-08-2022, 02:08 PM)lvlrsSTI Wrote: As most of the owners dunt live there and Malaysians can’t afford buying these expensive units.So? Nothing will happen right?
The developer already settled his side.
Banks already paid.
The 10,000 Chinese buyers own the property which has nobody ...also don't matter much they stay so far away and this is like extra investment.
Nothing will happen.
Slowly the rent drop to $500 ringgit people will start occupying the place.
RE: Malaysia’s China-linked multibillion-dollar ghost town - sgbuffett - 15-08-2022
(15-08-2022, 02:10 PM)lvlrsSTI Wrote: Heard when Chinese real estate agents sold every property in China, they gave a unit of Forest City for free.
So they should turn the place to cheap retirement village for Singaporeans month rent $200. Cheap food, cheap foot massage. Condo living which Singaporeans cannot afford in home country.
Win win win for everyone
RE: Malaysia’s China-linked multibillion-dollar ghost town - lvlrsSTI - 15-08-2022
(15-08-2022, 02:12 PM)sgbuffett Wrote: So? Nothing will happen right?
The developer already settled his side.
Banks already paid.
The 10,000 Chinese buyers own the property which has nobody ...also don't matter much they stay so far away and this is like extra investment.
Nothing will happen.
Slowly the rent drop to $500 ringgit people will start occupying the place.
Chinese buyers were fooled by property agents who told them Forest City is very near to Spore, only 1 km away.
It is a bad idea to build properties on these remote artificial islands .
RE: Malaysia’s China-linked multibillion-dollar ghost town - [[ForeverAlone]] - 15-08-2022
(15-08-2022, 02:24 PM)lvlrsSTI Wrote: Chinese buyers were fooled by property agents who told them Forest City is very near to Spore, only 1 km away.
It is a bad idea to build properties on these remote artificial islands .
that time this project massively been promoted even in SG. There are Singaporean buying too.
RE: Malaysia’s China-linked multibillion-dollar ghost town - lvlrsSTI - 15-08-2022
(15-08-2022, 02:18 PM)sgbuffett Wrote: So they should turn the place to cheap retirement village for Singaporeans month rent $200. Cheap food, cheap foot massage. Condo living which Singaporeans cannot afford in home country.
Win win win for everyone
In Malaysia they dunt care, I saw many partially finished and abandoned residential towers and big shopping malls that are empty & abandoned in JB central.
RE: Malaysia’s China-linked multibillion-dollar ghost town - WhatDoYouThink? - 15-08-2022
![[Image: Screenshot-20220815-142453-Chrome.jpg]](https://i.ibb.co/s6zxM2g/Screenshot-20220815-142453-Chrome.jpg)
their only hope is the close proximity to sg and hsr was the selling point. with the cancellation of hsr, their hopes are dashed
RE: Malaysia’s China-linked multibillion-dollar ghost town - sgbuffett - 15-08-2022
There is another big project at Danga Bay.
Does anyone recall?
RE: Malaysia’s China-linked multibillion-dollar ghost town - lvlrsSTI - 15-08-2022
JB is a small town with 500k people yet there are so many shopping malls and condos that locals can’t afford.
RE: Malaysia’s China-linked multibillion-dollar ghost town - sgbuffett - 15-08-2022
RE: Malaysia’s China-linked multibillion-dollar ghost town - WhatDoYouThink? - 15-08-2022
![[Image: Screenshot-20220814-025916-You-Tube.jpg]](https://i.ibb.co/FYb1yVD/Screenshot-20220814-025916-You-Tube.jpg)
these are the nearest to sg, with the rts station below
RE: Malaysia’s China-linked multibillion-dollar ghost town - grotesqueness - 15-08-2022
Malaysia is ghost country
got ghost railway like the HSR
ghost plane like the MH370
and ghost Treasury like the 1MDB
and ghost city
things just disappeared and went missing
RE: Malaysia’s China-linked multibillion-dollar ghost town - [[ForeverAlone]] - 15-08-2022
(15-08-2022, 03:13 PM)WhatDoYouThink? Wrote:
these are the nearest to sg, with the rts station below
you refer one surely are those condo facing the cause way which you see opposite if you are at woodlands.