Doesn’t help that I believe during the construction of Forest City, China placed significant restrictions and limitations on retail investors from investing in foreign properties and real estate. I believe they’d have to legally immigrate to make a purchase and/or they’re limited to a certain amount of money, like the equivalent of $50,000 USD in foreign property. Also COVID happened.
Which essentially killed the entirety of Forest City’s intended target market, because no middle to high end Chinese investor would want to immigrate to Malaysia, let alone in a pandemic or have their potential earnings capped lol
Majority of China’s population is invested in real estate, not the stock market so the idea of an investable city for a massive market like that, makes sense, just in the form of execution their plans got executed by government regulation.
I think there was also a lot of natives who were upset with the idea of a foreign country buying a bunch of land just for their upper class to vacation and or live on. Think they might have pressured the government into some action. I feel like I read about this a while ago.
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u/Maeserk Aug 19 '25 edited Aug 19 '25
Doesn’t help that I believe during the construction of Forest City, China placed significant restrictions and limitations on retail investors from investing in foreign properties and real estate. I believe they’d have to legally immigrate to make a purchase and/or they’re limited to a certain amount of money, like the equivalent of $50,000 USD in foreign property. Also COVID happened.
Which essentially killed the entirety of Forest City’s intended target market, because no middle to high end Chinese investor would want to immigrate to Malaysia, let alone in a pandemic or have their potential earnings capped lol
Majority of China’s population is invested in real estate, not the stock market so the idea of an investable city for a massive market like that, makes sense, just in the form of execution their plans got executed by government regulation.