Published
China's largest property developer Country Garden unveiled Forest City - a $100bn (£78.9bn) mega-project - in 2016.
In Malaysia, Country Garden's plan was to build an eco-friendly metropolis featuring a golf course, waterpark, offices, bars and restaurants. The company said Forest City would eventually be home to nearly one million people.
Eight years on, only 15% of the project has been built and, according to recent estimates, just over 1% of the total development is occupied.
Despite facing debts of nearly $200bn, Country Garden told the BBC it is "optimistic" the full plan will be completed.
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For more news, analysis and features visit: www.bbc.com/news
#ForestCity #China #Malaysia #BBCNews
In Malaysia, Country Garden's plan was to build an eco-friendly metropolis featuring a golf course, waterpark, offices, bars and restaurants. The company said Forest City would eventually be home to nearly one million people.
Eight years on, only 15% of the project has been built and, according to recent estimates, just over 1% of the total development is occupied.
Despite facing debts of nearly $200bn, Country Garden told the BBC it is "optimistic" the full plan will be completed.
Subscribe here: http://bit.ly/1rbfUog
For more news, analysis and features visit: www.bbc.com/news
#ForestCity #China #Malaysia #BBCNews
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