A would-be $100 billion city in the Malaysian jungle is in jeopardy over a growing rift with China - News Summed Up

A would-be $100 billion city in the Malaysian jungle is in jeopardy over a growing rift with China


FOREST CITY, Malaysia — On a recent morning, cleaners rushed to sweep around the models showing the future dreams of Forest City developers: residential skyscrapers, malls, parks, a Jack Nicklaus-designed golf course. But there was one important element left out of the glowing promises for Forest City. For the $100 billion Forest City project, it could mean no sales for foreigners, effectively killing the target Chinese market for the planned development. Sales galleries for Forest City are scattered all over China. In August, a Forest City branch of Shattuck-St. Mary’s school, a hockey powerhouse in Minnesota, opened in Forest City.


Source: National Post September 12, 2018 15:11 UTC



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