Visitor to Malaysia’s abandoned $100 billion Forest City reveals astonishing impressions
- The Forest City Project dazzled with promises of futuristic living
- The plans included amenities like underground traffic systems and drone-assisted safety measures
- But the Forest City struggled to attract occupants
Published on May 16, 2024 at 6:30 PM (UTC+4)
by Daksh Chaudhary
Last updated on May 31, 2024 at 7:33 PM (UTC+4)
Edited by
Tom Wood
In Malaysia, a grand vision once took shape – the development of the Forest City Project.
With a budget of $100 billion, it aimed to construct a modern metropolis on reclaimed land, close to the financial hub of Singapore.
However, what was once a futuristic plan now stands as a reminder of unfulfilled promises.
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A visitor, Ronan McMahon shared on his LinkedIn that the Forest City project dazzled with promises of futuristic living.
The plans included amenities like underground traffic systems and drone-assisted safety measures.
The showroom for Forest City was impressive, with giant movie screens and models displaying the project’s vision.
Yet, it soon became clear that the project was ambitious, but couldn’t be turned into reality.
Opaque deals between China and Malaysia made it challenging for investors to assess the risks involved.
Thus, what was once a futuristic plan quickly started to fall apart.
The $100 billion Forest City Project bore some resemblance to The Line project of Saudi Arabia, seeking to redefine urban living on a grand scale.
However, while The Line seemed to have strong government support and ample funding, Forest City faced financial and governmental issues.
Despite completing some portions of the project, Forest City struggled to attract occupants.
Property values plummeted, and many homes remained vacant.
Despite the Forest City project’s major failure, Malaysia still hopes to attract foreign investors.
But, due to the uncertainty surrounding its completion, there has been no major progress, and Malaysia’s abandoned $100 billion Forest City remains a ghost town awaiting development.
In the future, we can hope that investors will show interest in its redevelopment, akin to those who purchased an abandoned island in Florida and transformed it into a paradise.
Only time will tell the fate of Malaysia’s Forest City project.
# Tags - Forest city, future, Luxury, Malaysia
Daksh Chaudhary
Meet Daksh: Not your typical pro, but definitely a pro at being fascinated by supercars, tech, and all things futuristic. When he's not nose-deep in work, catch him glued to anime screens or lost in the pages of a good book.
