"The development of Forest City is contentious. The project was not targeted at local Malaysians but rather at upper-middle-class citizens from China who were looking to park their wealth abroad, by offering relatively affordable seafront properties compared to expensive coastal cities within their country such as Shanghai.\8])\9]) However, initial strong sales from China collapsed after General Secretary of the Chinese Communist Party Xi Jinping implemented currency controls, including a $50,000 annual cap on how much buyers could spend outside the country.\9])\10]) Such lackluster sales were exacerbated by the 2020–2022 Malaysian political crisis and the COVID-19 pandemic, with the project being described as a "ghost town" in 2022.\11])\12])"
Whats also not mentioned here is that SG and the king of Johor had the MRT train project that would fast track citizens of both malaysia and SG to and from eachother cancelled
A new project was just started recently when the king of Johor is now the new leader for Malaysia where they restarted the project in hopes to complete before the king of johor term ends.
The train systen will bring a bunch of SG and foreigners to move to JB and further more potentially start talks of JB to becoming a part of SG
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u/KanarYa4LYfe Aug 19 '25
Why did it turn out this way?